Trump Pushes for Reciprocal Tariffs, Escalating Global Trade Tensions

The U.S. president seeks to impose equivalent tariffs on countries taxing American goods, raising fears of inflation and economic retaliation.

Donald Trump announced plans for 'reciprocal tariffs,' matching foreign tariffs imposed on U.S. exports to their own imports into the U.S.
The policy aims to address trade disparities and reduce the U.S. trade deficit, which exceeded $1 trillion in 2024.
Economists warn that the tariffs could increase consumer prices in the U.S., potentially fueling inflation and impacting household budgets.
The European Union and other trade partners, including Canada and India, have signaled they may respond with retaliatory measures.
Analysts suggest the move could destabilize decades of international trade norms upheld by organizations like the WTO.