President Trump Signs Fair and Reciprocal Trade Policy Against Nations Imposing High Tariffs on American Goods

By The Blog Source

A memorandum issued by President Donald Trump on Thursday calls on his government to adopt a "fair and reciprocal" trade policy, guaranteeing that countries that impose hefty tariffs on American exports will be treated equally. Trump promised to retaliate against trade policies that adversely hurt American firms in a statement on Truth Social, declaring that the days of the United States being economically victimized are done.

President Trump wrote on Truth Social, "For the sake of fairness, I will impose a RECIPROCAL Tariff, which means that whatever countries tax the United States of America, we will charge them—no more, no less!" Value-Added Tax (VAT) systems, which are common in Europe, will be seen as trade barriers like tariffs. Trump says they are "far more punitive" and are used to hurt American products.

Trade loopholes, such as nations sending goods through third-party countries to avoid tariffs, would be targeted by the administration. President Trump issued a warning, saying, "It will not be tolerated to send goods, merchandise, or anything else by any other name through another country in order to unfairly hurt America."

President Trump's reciprocal tariff plan aims to eliminate one-sided trade agreements that he claims have hurt American businesses and workers. By imposing comparable duties on foreign nations, Trump is making it plain that if a country charges the United States hefty tariffs, they would face the same in exchange.

President Trump notably targeted countries that manipulate Value-Added Tax (VAT) systems, claiming that these tariffs serve as disguised trade barriers designed to punish US exports while shielding foreign companies. He stated, "For the purposes of our United States policy, we will regard countries that use the VAT system, which is significantly more punishing than a tariff, to be akin to tariffs."

President Trump's administration is enforcing non-monetary trade restrictions, like laws intended to prevent American companies from engaging in fair competition abroad, in addition to traditional tariffs. "Provisions will be made for nonmonetary tariffs and trade barriers that certain countries levy in order to keep our product out of their domain or, if they do not even let U.S. enterprises operate," he underlined.

President Trump also cautioned against nations trying to circumvent tariffs by exporting goods through third-party countries. "It will not be tolerated to send goods, merchandise, or anything else under any other name through another country in order to unfairly harm America," he declared.

Trump's backers contend that ensuring fair trade justifies any temporary disruption, despite the fact that several industry associations and investors fear that tariffs could raise prices for American consumers. Jamie Dimon, the CEO of JPMorgan, defended the strategy by saying, "If it is a little inflationary but it is good for national security, so be it." I mean, forget about it.

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