US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home.Trump has announced a broad range of tariffs targeting some of the biggest US trading partners since taking office, arguing that they would help tackle unfair practices -- and in some cases using the threats to influence policy.He has referred to tariffs as a way to raise revenue, remedy trade imbalances and pressure countries to act on US concerns.
Source: Al Monitor
Full Article: President Trump says US 'reciprocal tariffs' to be announced Thursday
