Reciprocal tariffs meaning: The goal of reciprocal

The goal of reciprocal tariffs is to promote balanced trade between nations by offering bilateral low tariff agreements or using high tariffs as a countermeasure against disproportionate rates. Explore reciprocal tariffs under the World Trade Organization, their significance, and how they affect global trade relations and economic policies. What is a reciprocal tariff? Trump's approach to "reciprocal" trade is a tit-for-tat strategy to rectify trade imbalances by imposing higher tariffs. What are reciprocal tariffs? Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the ...