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President Donald Trump wrote a lengthy Truth Social post about his trade policy overhaul on Saturday, emphasizing his plans to charge reciprocal tariffs to countries that the U.S. does business with.
In a post published Saturday afternoon, Trump explained how his reciprocal tariffs will work in a great amount of detail. In recent weeks, he has announced 25% tariffs on all aluminum and steel imports into the U.S., plus 25% tariffs on imports from Canada and Mexico and a 10% tariff on imports from China.
His recent move to implement reciprocal tariffs was decided “for purposes of Fairness,” Trump wrote.
“For purposes of this United States Policy, we will consider Countries that use the VAT [value-added tax] System, which is far more punitive than a Tariff, to be similar to that of a Tariff,” Trump wrote. “Sending merchandise, product, or anything by any other name through another Country, for purposes of unfairly harming America, will not be accepted.”
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President Donald Trump speaks to reporters in the Oval Office of the White House, where he signed an executive order, on Thursday, Feb. 13. (AP/Ben Curtis)
Most countries use a VAT system, including the United Kingdom, China and Mexico. Trump added that he will make provisions “for subsidies provided by Countries in order to take Economic advantage of the United States.”
“Likewise, provisions will be made for Nonmonetary Tariffs and Trade Barriers that some Countries charge in order to keep our product out of their domain or, if they do not even let U.S. businesses operate,” the president added. “We are able to accurately determine the cost of these Nonmonetary Trade Barriers.”
“It is fair to all, no other Country can complain and, in some cases, if a Country feels that the United States would be getting too high a Tariff, all they have to do is reduce or terminate their Tariff against us. There are no Tariffs if you manufacture or build your product…
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