Politics - CBSNews.com
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In a move that could upend American foreign relations across the globe, President Trump announced Wednesday that he is instituting what he described as "reciprocal tariffs" on dozens of U.S. trading partners.
Beginning April 5, all imports to the U.S. will be subject to a baseline tariff of 10%. Then, starting April 9, about 90 countries that, according to the Trump administration currently impose import taxes on U.S. goods, will also be hit by an additional reciprocal tax.
For example, imports from Egypt, the U.K., Ecuador and the United Arab...
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