President Donald Trump on Wednesday imposed sweeping new tariffs on all imported goods and unveiled a detailed list of reciprocal duties targeting more than 60 countries, asserting that the move ... A reciprocal tariff is a tax or trade limit that one country imposes on another as a reaction to similar measures from that country. The purpose of reciprocal tariffs is to maintain fairness in trade between countries. The US Supreme Court will decide if President Trump exceeded powers under the IEEPA in imposing reciprocal tariffs . The case could impact trade deals with India, the EU, Japan, and others, affecting global trade dynamics. View the latest U.S. tariff rates by country under Trump’s April 2025 reciprocal tariff policy. See which countries face higher import duties and how rates compare.