What is the Fair and Reciprocal Plan and why is it being implemented to restructure international trade?

The Fair and Reciprocal Plan represents a comprehensive restructuring of the international trading system aimed at addressing unfair global trade practices that have harmed American interests. According to Peter Navarro, foreign countries have been "cheating" the U.S. by stealing jobs and factories, while using disadvantageous tariff structures that hurt American products and damage the defense industrial base. This plan implements reciprocal tariffs to ensure fair competition and protect national security, marking a significant shift in Washington's trade policy toward creating a more balanced and equitable trading relationship with other nations.