What are reciprocal tariffs, and what do they mean for the crypto industry?

What are reciprocal tariffs? Reciprocal tariffs might sound like textbook trade jargon, but the idea is pretty straightforward: If one country slaps tariffs on your goods, you hit back with the same. Think of it as a tit-for-tat strategy in global trade — a way for governments to say, “If you’re charging our exporters 20%, we’re doing the same to yours. ”The roots of this concept go back to the 1930s, when the US passed the Reciprocal Trade Agreements Act. The goal back then was to break down trade barriers through mutual deals, not trade wars source: https://cointelegraph.com/explained/what-are-reciprocal-tariffs-and-what-do-they-mean-for-the-crypto-industry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound