In starting a process to impose reciprocal tariffs on American trading partners, the White House is sowing uncertainty and risking inflation.

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.

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

The UK government debuted a new plan to protect jobs in the country’s steel industry just days after US President Donald Trump threatened to introduce 25% tariffs on imports of steel and aluminum from all countries.

President Donald Trump’s unilateral tariffs on all steel and aluminum imports expands upon his first-term efforts to “regrow” the industries.

US President Donald Trump’s planned tariffs on imports of UK steel will cause damage on both sides of the Atlantic, Business Secretary Jonathan Reynolds said. The Government has promised a package of up to £2.

President Donald Trump imposed a 25% tariff on all steel and aluminum imports into the US. Trump made it very clear that there will be no exceptions, if, ands, or buts. Trump has talked about this tariff for a while,