US President Donald Trump has announced the implementation of reciprocal tariffs, set to take effect on April 2 reinforcing his administration’s stance on trade policy and criticising the European Union, China, Brazil, India, and South Korea for high tariffs.

In his inaugural address to a joint session of Congress, he said, whatever they tax us, we tax them. Trump said other countries have used tariffs against us for decades, and now it is our turn to start using them against those other countries. He said, on average, the European Union, China, Brazil, India, Mexico, Canada, and countless other nations charge us tremendously higher tariffs than we charge them; it is very unfair.