“Prices could go up”: Trump approves country-by-country reciprocal tariff scheme

News Snapshot:

President Donald Trump signed a presidential memorandum on Thursday tasking advisors with setting individual tariff rates for each country that exports goods to the United States. Trump said that he's taking an eye-for-an-eye approach to international trade, saying the U.S. will now reciprocate tariffs on any country that imposes duties on American goods. “I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump told reporters in the Oval Office. “They charge us a tax or tariff and we charge them the exact same.” The president ran for office on a promise to make everyday goods more...