Reciprocal Trade and Tariffs

On February 13, 2025, President Donald Trump issued a memorandum titled "Reciprocal Trade and Tariffs," directing his administration to address the United States' trade deficit by implementing the "Fair and Reciprocal Plan." This plan aims to counter non-reciprocal trade practices by determining equivalent tariffs for trading partners, potentially altering trade dynamics significantly. The move could lead to increased tariffs on foreign goods, affecting international trade relations and potentially sparking legal and political debates over the fairness and impact of such measures on global trade and domestic industries.