Trump calls it unfair that some countries apply higher tariffs to specific American goods than the U.S. applies back. A new executive order seeks to change that.

Reciprocal tariffs are expected to hit hard in less-developed economies where average duties on U.S. products are higher, according to Bloomberg Economics. It differs from a universal levy on all imports, as Trump proposed during the 2024 presidential campaign. The official said Trump could divert back to a global tariff strategy later on.

The Trump administration's new steep tariffs on steel and aluminum imports have prompted Tokyo to request an exemption.

The measures announced by Trump are part of his aggressive push to reset global trade in the belief that tax hikes on foreign-made products will strengthen domestic manufacturing.

US President Donald Trump has signed executive orders to impose 25 percent tariffs on imports of steel and aluminum starting March 12.

Trump signed proclamations raising the U.S. tariff rate on aluminum to 25% from his previous 10% rate and eliminating country exceptions and quota deals. The measures will take effect on March 4.

In similar remarks on Wednesday teasing the tariffs announcement, Trump said the "world has taken advantage of the US for many years." "If they are charging us 130% and we're char

"Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!" Trump wrote in a post on his Truth Social platform.

President Donald Trump announced on Air Force One Sunday that he would impose a 25% tariff on steel and aluminum imports, the latest move as part of the ongoing trade war between the U.S. and its allies.