President Donald Trump threatened anew Monday to impose a \u201creciprocal tax\u201d on countries that he says abuse their trade relationships with the US, promising to release more details this week.<\/p>\n
But White House aides said no immediate action was expected.<\/p>\n
Trump mentioned the plan during a White House meeting with a group of governors and local leaders who were invited to discuss the $1.5 trillion infrastructure proposal he sent to Congress on Monday.<\/p>\n
Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.<\/p>\n
The President also addressed ongoing negotiations over the North American Free Trade Agreement and complained that Canada, which is a party to that trade pact along with Mexico and the US, doesn\u2019t treat the US well. He also complained about Mexico\u2019s treatment of the US.<\/p>\n
\u201cWe cannot continue to be taken advantage of by other countries,\u201d Trump said. \u201cWe 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.\u201d<\/p>\n
He also complained about the US losing \u201cvast amounts of money\u201d in trade with China, Japan, South Korea and other countries.<\/p>\n
\u201cThey understand where I\u2019m coming from,\u201d Trump said, adding that he\u2019s talked with all of those country and \u201cthey understand it.\u201d<\/p>\n
\u201cIt\u2019s a little tough for them, because they\u2019ve gotten away with murder for 25 years,\u201d he said. \u201cBut we\u2019re going to be changing policy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
President Donald Trump threatened anew Monday to impose a \u201creciprocal tax\u201d on countries that he says abuse their trade relationships with the US, promising to release more details this week. But White House aides said no immediate action was expected. Trump mentioned the plan during a White House meeting with a group of governors and […]<\/p>\n","protected":false},"author":1,"featured_media":21824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-21823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=21823"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21823\/revisions"}],"predecessor-version":[{"id":21825,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21823\/revisions\/21825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/21824"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=21823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=21823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=21823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}