Trump signs plan to increase tariffs on trading partners

President Donald Trump speaks to reporters after signing an executive order in the Oval Office Picture: Ben Curtis/AP

President Donald Trump has rolled out his plan to increase US tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike.

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