President Donald Trump on Thursday announced a plan for “mutual” tariffs on countries that limit taxes or markets to American goods. (X/margo martin)
President Donald Trump On Thursday, signed a plan for the United States to seek “cross” tariffs against countries that tax or restrict markets for American goods.
Trump said he did not expect any exemption or ignorance of the plan, which could be applied to the opposition and allies.
“In the case of business, I have decided for the goals of fairness, that I charge a mutual tariff – meaning any countries that accuse the United States of America, we will charge them no longer and not less. In other words , They pay us taxes or we charge exactly the same tax or tariff. ” White House
President Donald Trump will sign a set of executive orders at the White House office on Monday. (Andrew Harnic / Giti Images)
“Almost in all cases, they charge us more than we charge, but those days are over,” Trump added.
A source familiar with the programs told Fox Business that the Trump Presidential Memorandum of Understanding ordered the US trade representative to investigate and investigate all business partners. The representative of the commercial agreement is identified where there is Noticeable defect That is unfair to the United States
What are the tariffs, how do they work and who pays for them?
A White House official said that the nominee for Howard Luthenik and the US Trade Representative is submitting a report that provides details of tariffs to the country. Luthenik said the studies ended by April 1.
The official said the Rus Vough Management and Budget Manager at the time was 180 days to evaluate a report that assesses any financial impacts.
The trucks pass through the blue water bridge at the US Border crossing with the United States in SNA, Ontario. (Jeff Robbins / AFP through / Getty Images)
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According to the source, the note states that Brazil tax with 18 % of the US ethanol, while the United States has imported ethanol only 2.5 % of Brazil.
Critics say tariffs can raise US consumer prices. Trump White House views tariffs as a tool for leverage in economic and foreign policy negotiations and restore companies to the United States
Howard Luttenik, President Donald Trump's nominee for business secretary. (Kayla Bartkowski)
Trump said on Thursday that prices may rise in the short term, but in the long run, “it turns us into wealth.”
“Many” CEOs love the idea of tariffs despite concerns about Wall Street about the impact of business, “he said.
Trump insisted that companies can prevent tariffs by carrying out operations to the United States
“I tell you what is going on,” he said. “These jobs are going dramatically. We want to have good jobs, have jobs for everyone. That's what should be done many years ago.”
Fox Business' Hillary Vaughn has been involved in this report.