The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.

President Donald Trump took another step forward on his plan to put reciprocal tariffs on U.S. trading partners Thursday by signing a memo directing his staff come up with solutions in 180 days. "On Trade,

Though Congress holds power over regulating commerce with foreign nations, it has incrementally delegated significant authority to the president, giving him broad discretion to take trade actions.