The Trump Administration has issued a memorandum on the introduction of the "Fair and Reciprocal Plan", which is meant to reduce the trade deficit and ensure fairness in international trade. This includes the introduction of reciprocal tariffs that will be determined with respect to each foreign trading partner. The determination will involve examining non-reciprocal trade relationships with all U.S. trading partners, including any:
- Tariffs imposed on U.S. products;
- Unfair, discriminatory, …