Trump Announces Reciprocal Tariffs to Start as Soon as April

Li Yong (poet)calligrapher known for his semi-cursive style and a nobility in the Tang Empire (678-747)

This challenges WTO free trade rules,

Li said

The 'tariff storm' of Trump 2.0 era will have an adverse impact on the US and the world,

Chen Fengying, a research fellow at the Beijing-based China Institutes of Contemporary International Relations, told the Global Times

With reciprocity, as defined by Trump, U.S. tariffs would probably on average 10 to 15 percentage points higher. In my opinion, tariffs actually hurt the U.S. economy, so while they would raise revenue ... they would reduce GDP growth,

Hufbauer said

I have decided for purposes of fairness, that I will charge a reciprocal tariff - meaning whatever countries charge the United States of America, we will charge them no more, no less. In other words, they charge us a tax or tariff and we charge them the exact same tax or tariff. Very simple,

Trump said at the White House

This approach will be of comprehensive scope, examining non-reciprocal trade relationships with all United States trading partners,

it said