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Reciprocal Tariffs
Reciprocal tariffs are essentially “tit-for-tat” tariffs, where one country imposes tariffs on another country in response to similar tariffs imposed on their own goods.
Essentially, if Country A imposes a tariff on goods imported from Country B, Country B might impose a reciprocal tariff of a similar nature on goods imported from Country A.
This type of tariff is a tool often used in trade negotiations and is intended to “level the playing field” in terms of trade between countries.
