Trump to sign order for reciprocal tariffs ‘soon’

Tit for tat: An employee at a steel plant in Tlaxcala, Mexico. Trump’s move will result in tariffs on every country that imposes duties on US goods. — Reuters

WASHINGTON: US president Donald Trump says he will impose reciprocal tariffs soon on every country that charges duties on US imports, in a move that ratchets up fears of a widening global trade war and threatens to accelerate US inflation.

“I may do it later on or I may do it tomorrow morning, but we’ll be signing reciprocal tariffs,” Trump told reporters at the White House yesterday.