Trump signs a plan for reciprocal tariffs on US trading partners, ushering in economic uncertainty

WASHINGTON (AP) — President Donald Trump on Thursday rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike as he hopes to eliminate any trade imbalances. “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’s Republican administration has insisted that its new tariffs would level the playing field between U.S. manufacturers and foreign competitors, though these…