New "reciprocal" Trump tariffs aim to match tariffs other countries place on U.S. goods, but the reality is more complex.

Trump's proclamation identifies value added taxes — which are similar to sales taxes and common in the European Union — as a trade barrier to be included in any reciprocal tariff calculations, ...

The new taxes would likely be paid by American consumers and businesses either directly or in the form of higher prices.

Trump has gravitated toward the reciprocal tariff plan as a key part of his push to raise U.S. levies overall. Trump has said ...