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. “Very simply, it’s if they charge us, we charge them,” the President said on Sunday during a flight on Air Force One.

Reciprocal tariffs are levies that a nation imposes on imports from another nation, equal to the tax rate that the other nation imposes on its goods. The principle is to create a system in which "if they charge us,