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Trump signs sweeping reciprocal tariff
plan, says more coming

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Posted By: Dreadnought, 2/13/2025 3:03:29 PM

President Donald Trump on Thursday signed a presidential memorandum laying out his plan to impose "reciprocal tariffs" on foreign nations. "They charge us a tax or tariff and we charge them," Trump said during a press event in Oval Office. The president said that under the plan, the U.S. will treat other countries' non-tariff policies as unfair trade practices that warrant tariffs in response. Those include value-added taxes, or VATs, and other practices that the office of the U.S. trade representative deems to be unfair trade limitations. He also suggested that additional tariffs, including on auto imports,

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Reply 1 - Posted by: DVC 2/13/2025 3:26:03 PM (No. 1895731)
Until now "free trade" meant other countries applied tariffs on our goods, but we didn't have tariffs on their goods. That was "USA suckers", not free trade. Trump will have the same both ways. WAY better.
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Reply 2 - Posted by: DVC 2/13/2025 4:50:04 PM (No. 1895800)
There is a report that the US producers paid $360 billion in tariffs, and the US government collected $50 billion in tariffs. That is WAY, WAY far from anything remotely like "free trade".
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