Trump proposes reciprocal tariffs to address trade imbalances

US President Donald Trump has stated that he will be flexible with tariff policies, but any new tariffs will be "reciprocal." He made these comments during a recent press availability, as his administration prepares to introduce tariffs based on the policies of other countries. Starting April 2, tariffs will be adjusted according to the trading partner's tariff barriers, unfair trade practices, and exchange rates. Trump emphasized the importance of flexibility but insisted that the principle of reciprocity will guide the new tariffs. He expressed concerns about America's trade relationships, claiming the US has been unfairly treated. Trump mentioned that other countries, including South Korea, charge significantly higher tariffs than the US. He pointed out that South Korea’s average tariff is approximately 13.4%, compared to the US's 3.3%. Trump also noted that the US provides military support to South Korea, which he believes should be reciprocated. In response to whether he would offer tariff exemptions, he stated that granting exceptions would lead to demands from all partners. To avoid these tariffs, Trump suggested that companies should consider building their facilities in the United States. This strategy aims to encourage domestic manufacturing and reduce reliance on imports.