SHARE


Photo

The White House had already taken action to impose tariffs on imported washing machines before President Trump raised the possibility of a “reciprocal tax” on trading partners.

Credit
Luke Sharrett/Bloomberg

WASHINGTON — President Trump said on Monday that the United States would soon announce a “reciprocal tax” on countries that take advantage of the United States on trade, including trading partners he described as “so-called allies.”

“They’ll send in their product, and we won’t charge them anything,” the president said during a meeting with mayors and governors to discuss his proposal for rebuilding American infrastructure. “And we send them our product — same product as they’re sending us — and they’ll charge us 50 and 75 percent tax, and that’s very unfair.”

Though the president said more information would be forthcoming as soon as…



…rest of the post