This was announced by the US president, stating that Washington loses “enormous amount of money” due to its unequal relations
This Monday, the president of the United States, Donald Trump, announced that he would promote a “reciprocal tax” to countries that tax American products, including allies of Washington.
It should be noted that what the president said comes at a key moment in the renegotiation of the North American Free Trade Agreement (NAFTA), which has been in effect since 1994 between Canada, Mexico and the United States.
“We are going to impose charges on the countries that […] take advantage of the United States, some of them are called allies, but they are not commercial allies,” the president said. “We will impose a reciprocal tax, and they will hear about it during the week and during the next months,” he added.
These statements were made during a meeting with local and state leaders on ways to repair the country’s infrastructure.
Last year, Donald Trump withdrew the United States from the Trans-Pacific Economic Cooperation Agreement (TPP), a treaty signed in February 2016 by 12 countries that represent 40% of the world economy.