President says US will impose ‘reciprocal’ duties but no new specific tariffs are announced

Summary

Trump announced plans for “reciprocal” tariffs on countries imposing duties on US goods but did not introduce specific measures.

He ordered a Commerce Department review, due in April, to address trade “imbalances.” Trump acknowledged short-term price increases but claimed tariffs would boost US jobs.

He also suggested 100% tariffs on BRICS nations if they undermine the US dollar.

Economists warn tariffs could fuel inflation, which remains at 3%.