President Trump rolls out reciprocal tariffs, raising concerns for U.S. businesses
President Donald Trump has unveiled his long-anticipated plan for reciprocal tariffs, imposing a minimum 10% tariff on imports from trading partners worldwide.
(NBC)- President Donald Trump has unveiled his long-anticipated plan for reciprocal tariffs, imposing a minimum 10% tariff on imports from trading partners worldwide, with even higher rates for dozens of countries. The new tariffs are designed to match the taxes that these countries charge on U.S. exports, a move the White House argues is necessary to balance trade. “That means…