Trump unveils slew of reciprocal tariffs on US trading partners

Investing.com - President Trump on Thursday signed an executive order on a slew of reciprocal tariffs on U.S. trading partners to match the levies and rates imposed by other nations on imported U.S. goods, though stopped short of imposing them immediately.

The order directs the Commerce Department and U.S. trade representative to furnish reports on how bring U.S. tariff rates to match those imposed by other nations on imported U.S. goods.

While Trump had teed up the news that tariffs would be announced today, some had fear that the measures could go into effect immediately.

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