Taxes on imports could soon go up, as President Donald Trump signed a measure to have tariff rates match what other countries charge. “We had a very unfair system to us,” Trump said in the Oval Office.

President Trump on Thursday signed a presidential memorandum proposing reciprocal tariffs that he maintains will crack down on unfair and discriminatory tariffs from both adversaries and allies. The reciprocal tariffs will be customized for each foreign trading partner,