Trump puts reciprocal tariffs on allies, rivals: China 34%, India 26%, EU 20% – Economic Times Video

U.S. President Donald Trump said Wednesday (April 2) that he imposed reciprocity tariffs on other countries’ responsibilities on U.S. goods, a move that inspired a trade war he launched when he returned to the White House. “Reciprocity. It means they do it to us, and we do it to them,” Trump said. “Very simple. It won’t be simpler than that.” A comprehensive responsibility will create new obstacles around the world’s largest consumer economy, thus reversing the trade liberalization that has shaped the global order for decades. Trade partners are expected to respond with their own countermeasures, with everything from bicycles to wines likely to result in higher prices.

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