The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden.

Trump calls it unfair that some countries apply higher tariffs to specific American goods than the U.S. applies back. A new executive order seeks to change that.

On today’s Big Take Asia podcast, why a second trade war between the US under Trump and China under Xi could look very different from the first

"I’ve decided for purposes of fairness that I will charge a reciprocal tariff," Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.” Trump's Republican administration has insisted that its new tariffs would equalize the ability of U.

President Donald Trump doubled down on his extraordinary push for more balanced trade, ordering on Thursday that agencies should investigate plans for new reciprocal tariffs that could boost America’s revenue — but could also ignite a global trade war and add to America’s rebounding inflation problem.

President Donald Trump said today our trading partners impose unfair tariffs on American goods. He is now planning to set up reciprocal tariffs on other countries.