The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.

President Donald Trump called for "reciprocal tariffs" on nations that impose tariffs on the United States.

Trump's reciprocal tariffs would match the higher duty rates charged by other countries. They would also aim to counteract trade barriers such as burdensome regulations, value-added taxes, government subsidies and exchange rate policies that can erect barriers to the flow of U.