Trump Is Promising Reciprocal Tariffs. What Are They?: QuickTake

Describing April 2 as “Liberation Day” when he’ll unleash “the big one,” President Donald Trump seems intent on reshaping the US’s major trading partnerships with a toolbox of reciprocal tariffs.

As the deadline approaches, it’s still not clear how far he’ll go in overturning the current rules-based system of global commerce. The uncertainty has shaken financial markets, prompted economists to cut their US growth forecasts and forced central bankers to factor in the potential inflationary impact of higher import costs.

Trump’s Trade War and the Economic Impact: Tariff Tracker

There are signs that Trump may not carry out ...