Washington: US President Donald Trump has unveiled the US foreign policy based on fairness and reciprocal tariffs, taking a pledge to bring a level-playing field for American workers.
Taking to X, Trump said, “On Trade, I have decided, for purposes of Fairness, that I will charge a RECIPROCAL Tariff meaning, whatever Countries charge the United States of America, we will charge them – No more, no less!"
As part of his revamped protectionist trade policy, Trump said his administration would consider countries using the VAT system, which he said was far more punitive than a tariff, to be similar to that of a tariff. “Sending merchandise, product, or anything by any other name through another Country, for purposes of unfairly harming America, will not be accepted," he said.
Furthermore, he will also make a provision for subsidies provided by countries in order to take “economic advantage" of the US, along with provisions for non-monetary tariffs and trade barriers some countries charge to “keep our product out of their domain".
“Likewise, provisions will be made for Non-monetary Tariffs and Trade Barriers that some countries charge in order to keep our product out of their domain or, if they do not even let US. businesses operate. We are able to accurately determine the cost of these Non-monetary Trade Barriers," he said on X.
The US President called the system “fair to all" and said if a country feels that the US is charging too high a tariff, all they would have to do is to reduce or terminate their tariff against America. “There are no Tariffs if you manufacture or build your product in the United States," he said.
