US officials have recently weighed whether to simplify the task of devising new tariff rates for hundreds of US trading partners by instead sorting nations into one of three tariff tiers, according to sources cited by the WSJ.

Trump has repeatedly said reciprocal tariffs would mean “what they charge us, we charge them" but that's a good talking point but difficult in practice because trade is often unbalanced and includes products that don't travel both ways.

Source: Forex Live