Trump planning more tariffs against any country with its own tariffs on U.S. goods [Video]

U.S. President Donald Trump on Thursday asked his staff to come up with a plan to impose new tariffs on trading partners around the world that have economic practices he and his staff see as putting American trade at an “unfair” disadvantage.

The president ordered his economics team to study all of the country’s trading partners and come up with a plan to counteract trade barriers that slow down the flow of U.S. products to foreign markets. Those barriers include other countries’ existing tariffs on American imports, but trade regulations, sales taxes and exchange rates could also count.

The administration is planning to impose more tariffs — called reciprocal tariffs — on foreign countries to match the rates they charge on U.S. imports.

“We had a very unfair system to us … Everybody took advantage of the United States,” Trump told reporters in the Oval Office.

“Whatever countries charge the …