Tariffs have long been utilized as tools in international trade to protect domestic industries, retaliate against unfair practices, and address trade imbalances. President Donald Trump's "Fair and Reciprocal Plan," announced on February 13, 2025, exemplifies these applications by introducing tariffs with reciprocal, protective, and punitive elements.
Reciprocal Tariffs: Striving for Fairness in Trade
Reciprocal tariffs aim…
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