Trump: I have signed the reciprocal tariffs this week. What is the aim of this decision?

During his talk on Wednesday evening, U.S. President Donald Trump stated that he may sign the reciprocal tariffs either on Wednesday evening or possibly on Thursday morning.

The proposed reciprocal tariffs are set to match the import duties imposed by other countries on American goods.

The aim of these tariffs is to reduce trade imbalances and protect American industries by ensuring that if a country imposes tariffs on American products, the United States will impose the same tariff rates on imports from that country.

Although the reciprocal tariffs are primarily intended to promote fairer trade, Trump's approach could increase global trade tensions and raise costs for American consumers and businesses.

This new decision by Trump may respond to some potential tariffs expected to be imposed by certain countries, such as foreign subsidies, taxes, and regulations. Japan, the European Union, and China could face higher American tariffs under this approach.