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Termed “reciprocal tariffs,” this approach is often framed as a means to achieve “fairness” and rectify perceived imbalances in bilateral trade relationships. A reciprocal tariff is a tax or trade restriction that one country places on another in response to similar actions taken by that country. The idea behind reciprocal tariffs is to create balance in trade between nations. What Is the Meaning of a Reciprocal Tariff? A tariff is a tax on goods that are brought into a country from abroad making imported products more expensive. A reciprocal tariff is a tax a country uses to respond to how another country treats its exports. Explore reciprocal tariffs under the World Trade Organization, their significance, and how they affect global trade relations and economic policies.
