Trump set to impose reciprocal tariffs in bold move — here are the possible risks, rewards

1. Trump plans reciprocal tariffs to counter foreign tariffs against US goods. 2. New tariffs expected to escalate trade tensions, potentially causing a tariff war. 3. China to implement retaliatory tariffs on a variety of US exports this week. 4. Targeted tariffs could impact US industries like steel, agriculture, and auto. 5. Proposed tariffs may increase domestic inflation, affecting market sentiment and spending.