I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.”

Trump calls it unfair that some countries apply higher tariffs to specific American goods than the U.S. applies back. A new executive order seeks to change that.

President Donald Trump signed a memorandum Thursday laying the groundwork for implementing new tariffs on foreign countries with which the United States sees a negative trade balance. The White House had teased this specific tariff announcement for days,