US President Trump Announces New ‘Reciprocal Tariff’ Policy to Ensure Fair Trade for America
Washington, D.C. – United States’ 47th President Donald Trump has announced a new trade policy aimed at ensuring fairness in global commerce by implementing a “Reciprocal Tariff” system. Under this approach, the United States would impose tariffs equal to those charged by other countries on American goods.
In a statement shared on social media, Trump emphasized that for too long, the U.S. has been treated unfairly in trade agreements, with both allies and adversaries imposing tariffs and trade barriers that disadvantage American workers and industries. His new policy aims to level the playing field by mirroring the tariffs imposed by other nations.
Key Points of the Policy:
- Countries that charge tariffs on U.S. goods will face identical tariffs on their exports to the U.S.
- The policy will also consider Value-Added Tax (VAT) systems, which Trump argues function similarly to tariffs in their impact on American trade.
- Efforts to circumvent tariffs by routing goods through third countries will not be tolerated.
- The U.S. will account for subsidies and nonmonetary trade barriers used by other nations to gain economic advantages over American businesses.
- There will be no tariffs on goods manufactured or built within the United States, encouraging domestic production.
Trump stated that his administration will work with key officials, including the Secretary of State, Secretary of Commerce, Secretary of the Treasury, and the U.S. Trade Representative, to implement the policy effectively. He believes this approach will restore fairness and prosperity to American trade, ensuring that foreign nations treat the U.S. fairly in economic dealings.
This announcement marks a strong stance on trade policy, one that Trump has long championed. It signals a potential shift in U.S. economic strategy if he returns to office, reinforcing his “America First” agenda.
