Reciprocal tariffs meaning: A reciprocal tariff is

A reciprocal tariff is a tax or trade restriction that one country places on another in response to similar actions taken by that country. The idea behind reciprocal tariffs is to create balance in trade between nations. The goal of reciprocal tariffs is to promote balanced trade between nations by offering bilateral low tariff agreements or using high tariffs as a countermeasure against disproportionate rates. Explore reciprocal tariffs under the World Trade Organization, their significance, and how they affect global trade relations and economic policies. Reciprocal tariffs refer to the US taxing the importing nation by the same tax rate with which they are taxing the US. This system would bring US tariffs on imports in line with other...