Reciprocal tariffs refer to trade duties imposed by countries on each other's goods. They aim to promote fair trade and balance economic interests. Such tariffs can encourage exports and protect domestic industries. Countries may negotiate these tariffs during trade agreements. The concept is crucial in international trade relations and impacts economic policies significantly. Understanding reciprocal tariffs helps navigate global commerce effectively.
A year marked by volatile and selective use of trade policy instruments has reshaped the global trade landscape. The return of unilateralism, the weakening of multilateral institutions, and...
