Trump Doubles Down on Reciprocal Tax After Meeting Tariff Pledge
- President says import tax is going to happen ‘at some point’
- White House official said last month no formal plan in works
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President Donald Trump warned he planned to proceed with a so-called reciprocal tax on imports as he followed through on his call to impose stiff tariffs on imported steel and aluminum.
“We’re going to be doing a reciprocal tax program at some point,” Trump said Thursday, citing an example he’s used in the past -- that if China imposes a 25 percent duty on products imported from the U.S., then the U.S. should institute a 25 percent levy on products from China. “We’re going to be at those same numbers,” said Trump.