Former US President Donald Trump has announced a reciprocal tariff policy, aiming to impose the same trade duties that other nations levy on American goods. The strategy seeks to counter unfair trade practices,

WASHINGTON — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.

The president’s plan for reciprocal tariffs sounds good in theory. But there was a reason the United States abandoned the approach a century ago. The gains would be few and the costs enormous.

President Trump detailed his proposed trade policy overhaul in an extensive Truth Social post on reciprocal tariffs targeted at the U.S.'s trading partners.

While a sales tax is paid in full by the consumer at the point of sale, a value-added tax is collected as the product moves through the supply chain. To borrow an example from The

President Donald Trump unleashing a new era of reciprocal tariffs. Simply put, charging trading partners at the same rate they are charging US

President Donald Trump has upended worlds of business and foreign relations with a series of tariff announcements during his first month in office, promising big moves that will reset trade negotiations on the world stage.