Trump signs memorandum to impose tariffs on major trading partners

President Trump signed a memorandum to impose "fair and reciprocal" tariffs on all major U.S. trading partners, including allies. He directed his nominees to assess the need for these tariffs within 180 days. Trump plans to charge tariffs based on what other countries charge the U.S. He also mentioned additional import taxes on cars, semiconductors, and pharmaceuticals, which will be introduced later. Markets reacted positively to the announcement, with the Dow Jones rising over 350 points. However, some experts warn that implementing these tariffs could be complex and may lead to job losses and higher consumer prices.