What are reciprocal tariffs and how is Donald Trump using them?

President Donald Trump has made reciprocal tariffs a cornerstone of his trade policy, framing them as part of his broader “America First” agenda. On April 2, 2025, Trump officially unveiled his reciprocal tariff plan, calling it a necessary step to combat what he describes as decades of unfair trade practices by foreign nations. He declared the day “Liberation Day for American Trade,” signaling his administration’s commitment to leveling the playing field for U.S. businesses.