This is a bold move by President Trump to address the trade imbalance with China and other countries. While it remains to be seen how effective this policy will be in reducing the trade deficit, it certainly sends a strong message that the United States will not tolerate unfair trading practices. The use of a reciprocal tariff to achieve this goal is also an interesting approach as it could potentially lead to increased tariffs on Chinese imports, which would negatively impact both countries’ economies.
Read the full text of the order at the whitehouse.gov website.