<h1>President Announces New 'Reciprocal' Tariffs on Multiple Countries Despite Economic Warnings and Previous Policy Failures</h1> The president is set to announce 'reciprocal' tariffs on multiple countries, described by the White House as a historic move to boost US manufacturing. These follow recent 25% taxes on auto imports and levies against several countries. Economists warn the tariffs could trigger economic downturn, with Yale University estimating costs of $3,400-$4,200 per household. The administration claims manufacturers will increase domestic production and create jobs. Critics, including Democratic lawmakers, argue the strategy failed during the president's first term. Trading partners including Canada and the European Union are preparing countermeasures, with businesses reporting uncertainty has already disrupted planning and operations.