President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal U.S. tariffs that will match other countries' higher import taxes, trade and legal experts say.

Trump calls it unfair that some countries apply higher tariffs to specific American goods than the U.S. applies back. A new executive order seeks to change that.

President Donald J. Trump has unveiled a sweeping new trade initiative aimed at leveling the playing field for American businesses and workers. The “Fair and Reciprocal Plan,” announced on February 13, directs federal agencies to develop a comprehensive strategy to address longstanding trade imbalances and counter non-reciprocal trading practices.