US President Donald Trump
US President Donald Trump unveiled a roadmap on Thursday for charging reciprocal tariffs on every country that charges duties on US imports, his latest trade salvo directed at American friends and foes that the White House says will strengthen economic and national security.
A White House official told reporters on a conference call that the tariffs were not going into effect today but could begin to be imposed within weeks as Trump's trade and economic team study bilateral tariff and trade relationships.
The administration would examine what it called the most "egregious" issues first, including countries with the biggest trade surpluses and highest tariff rates.
Trump's reciprocal tariffs would match the higher duty rates charged by other countries, the White House official said. They also would aim to counteract non-tariff trade barriers such as burdensome regulations, value-added taxes, government subsidies and exchange rate policies that can erect barriers to the flow of US products to foreign markets.
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