The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.

These customized levies, expected to be finalized by April, are designed to rebalance trade relationships and target unfair practices, including subsidies, regulations, and exchange rate manipulation.

President Trump on Thursday signed a presidential memorandum proposing reciprocal tariffs that he maintains will crack down on unfair and discriminatory tariffs from both adversaries and allies.