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U.S. President Donald Trump has announced a new trade policy aimed at ensuring fairness and eliminating unfair trade practices by imposing reciprocal tariffs that match the duties other countries place on American goods.

Trump emphasized that the new policy would account for government subsidies, taxes such as Value Added Tax (VAT), and non-monetary trade barriers that hinder U.S. products. He stated that the goal is to create a level playing field for American businesses and workers.

He also clarified that no tariffs would be imposed on goods manufactured within the U.S. and urged other nations to reduce or eliminate tariffs on American products if they wish to lower tariffs imposed on them. Trump has directed key officials to take the necessary steps to implement this new trade strategy.