Investing.com -- President Donald Trump’s administration has planned reciprocal tariffs to be implemented on April 2. These tariffs will establish a single rate for each country, mirroring the tariffs and non-tariff measures that these countries have imposed on the United States. This information was shared by White House trade adviser Peter Navarro in a recent interview.

Navarro explained that the idea behind these tariffs is a "one number-one number" concept. This approach aims to reflect the overall unfairness embedded in the higher tariffs and non-tariff barriers that other nations impose on the U.S. He further added that the tariff actions will be conducted at the industry level and will also involve country-specific investigations.

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