reciprocal trade

He will urge that Congress pass a “Trump Reciprocal Trade Act,” giving the president authority to impose a reciprocal tariff on any country that imposes one on the U.S.

Britain has completed the majority of sections of a free trade agreement with India but will only sign off on the deal once happy that it is fair and reciprocal, trade department minister Greg Hands said on Wednesday.

He spoke at length about reciprocal trade deals and deregulation policies that spurred the economy during the Trump administration — arguing it provides a roadmap for the future — but he did not dwell on the former president or their rift.

Under international rules, designating a country a most favoured nation provides reciprocal trade privileges such as lower tariffs, taxes imposed at the border.

The ban is part of the overall Trump administration approach of seeking fair and reciprocal trade and other relations with China.