Trump signs order for reciprocal tariffs on nations with unfair trade practices

President Donald Trump has signed an order to implement new "reciprocal tariffs" on countries that impose tariffs or unfair trade practices against U.S. exports. This marks the most extensive tariff action since 1890. The new tariffs will apply to imports at the same rate as tariffs imposed on U.S. goods. The order also considers various non-tariff barriers, including regulatory requirements and currency issues, giving Trump flexibility in setting tariffs. This move follows recent tariffs on steel, aluminum, and goods from China. Trump has paused some tariffs on Canada and Mexico, indicating a willingness to negotiate with other nations on trade imbalances.