Trump threatens ‘tax’ on countries that exploit US trade

Trump threatens 'tax' on countries that exploit US trade

Trump threatens 'tax' on countries that exploit US trade
President Donald Trump speaks in the State Dining Room of the White House in Washington, Monday, Feb. 12, 2018, during a meeting with state and local officials about infrastructure. (AP Photo/Carolyn Kaster)

WASHINGTON/February 13, 2018(AP)(STL.News) —President Donald Trump threatened anew Monday to impose a “reciprocal tax” on countries that he says abuse their trade relationships with the U.S., promising to release more details this week.

But White House aides said no immediate action was expected.

Trump mentioned the plan during a White House meeting with a group of governors and local leaders who were invited to discuss the $1.5 trillion infrastructure proposal he sent to Congress on Monday.

Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.

The president also addressed ongoing negotiations over the North American Free Trade Agreement and complained that Canada, which is a party to that trade pact along with Mexico and the U.S., doesn’t treat the U.S. well. He also complained about Mexico’s treatment of the U.S.

“We cannot continue to be taken advantage of by other countries,” Trump said. “We cannot continue to let people come into our country and rob us blind, and charge us tremendous tariffs and taxes, and we charge them nothing. We cannot allow that to happen. We cannot allow it to happen.”

He also complained about the U.S. losing “vast amounts of money” in trade with China, Japan, South Korea and other countries.

“They understand where I’m coming from,” Trump said, adding that he’s talked with all of those country and “they understand it.”

“It’s a little tough for them, because they’ve gotten away with murder for 25 years,” he said. “But we’re going to be changing policy.”

ByJAKE PEARSONbyAssociated Press, published on STL.NEWS by St. Louis Media, LLC (US)

STL.News
About STL.News3564 Articles
STL.News is owned and operated by St Louis Media, LLC. We publish International and national through a license agreement with Associated Press (AP). Our local news is provided by local professional writers with a journalism background. Our content is distributed to the major search engines and top-rated social sites. Additionally, we distribute press releases using AP, Google News, Google Newsstand, Bing News, Apple News, News360.com and our massive social media network expanding to more than 50 social sites.