President Trump Announces Reciprocal Tariff Policy to Address Trade Deficits

President Trump has unveiled a reciprocal tariff policy, stating that the U.S. will impose tariffs on trading partners equivalent to those charged on U.S. goods. This strategy aims to create a level playing field for American workers and businesses by addressing perceived unfair trade practices from countries like India, China, and members of the European Union. While the administration posits that this approach could lead to job growth and economic benefits, critics warn of potential inflationary pressures and negative impacts on the U.S. economy. They highlight concerns regarding retaliatory tariffs from affected countries and overall long-term economic consequences.