President Donald Trump announced reciprocal tariffs targeting countries with large trade deficits or high tariffs on US goods, breaking from free trade principles. The tariffs will hit 57 countries, including China, with rates ranging from 11-50 percent, with additional 10 percent tariffs on other trading partners. Trump cited the need for balance and reciprocity, claiming the US has been taken advantage of in trade for decades and asserting that his actions will correct this imbalance.
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