US President Donald Trump said again on Tuesday that he will impose a ‘reciprocal tax’ on countries that abuse trade relations with US. He further promised to release more details in the coming week.
But, sources from White House denied any immediate action. Trump had earlier mentioned the plan during a White House meeting with a group of governors and local leaders who were invited to discuss the USD 1.5 trillion infrastructure proposal he sent to Congress on Monday.
“We cannot continue to be taken advantage of by other countries,” Trump said. He further added, “We cannot continue to let people come into our country and rob us blind, and charge us tremendous tariffs and taxes, and we charge them nothing. We cannot allow that to happen. We cannot allow it to happen.”
He also complained about the US losing ‘vast amounts of money’ in trade with China, Japan, South Korea and other countries.