Trump signs executive order for reciprocal tariffs on U.S. trading partners

President Trump signed an executive order on Thursday to implement reciprocal tariffs on U.S. trading partners. The tariffs aim to match the rates imposed by other countries on U.S. imports. The order does not impose the tariffs immediately. Instead, it instructs the Commerce Department and U.S. trade representative to prepare reports on aligning U.S. tariff rates with those of other nations. Concerns had been raised that the tariffs could take effect right away, but the announcement clarified that further steps are needed before implementation.