On the afternoon of April 2nd, the Trump administration announced its long-awaited “Reciprocal Tariffs” plan, marking a fundamental shift in U.S. trade policy and one of the most significant policy changes since the establishment of the current multilateral trading system in 1947. What are “Reciprocal Tariffs”? “Reciprocal Tariffs,” or “Reciprocal Tariffs” in English, refers to tariffs that are set at levels equivalent to those imposed by other countries on the U.S. The term “reciprocal” emphasizes the matching of tariff rates rather than mutual benefits through negotiation, which is the focus of traditional reciprocal tariffs. Why Implement “Reciprocal Tariffs”? The Trump administration has stated that the purpose of implementing “Reciprocal Tariffs”…