Retaliatory Tariffs
a.k.a. Counter-tariffs
Tariffs a country imposes in response to tariffs placed on its own goods.
In plain English
Tariffs a country imposes in response to tariffs placed on its own goods.
Retaliatory tariffs are the punch back. Country A taxes country B's steel, so B taxes A's whisky, soybeans or motorcycles, often products picked to hurt politically sensitive industries.
Each round raises costs and uncertainty, and a cycle of retaliation is how a trade war escalates. Currencies of export-heavy countries usually feel the hit first.
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