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News brief

Reuters

Trump’s reciprocal tariff plan. U.S. President Donald Trump unveiled a roadmap on Feb. 13 for charging reciprocal tariffs on every country that puts duties on U.S. imports. The tariffs were not going into effect on Feb. 13 but could begin to be imposed within weeks as Mr. Trump’s trade and economic team study bilateral tariff and trade relationships, a White House official told reporters. The White House says the move will strengthen economic and national security. The Republican president’s latest round of market-rattling tariffs has ratcheted up fears of a widening global trade war and threatened to accelerate U.S. inflation.

Risk of a trade war rises as Trump boosts tariffs globally

News brief

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