Welcome back to Live Now from Fox. We do have some breaking news to take you out to right now as it pertains to President Donald Trump and tariffs. We are just getting a Truth Social post in here from the president. I’m going to pull it up for you right now as he is saying that he will implement these reciprocal tariffs. Here’s that quote on your screen and this is just some of it. This is a very long statement from the president that I am going to read you that does go beyond the two paragraphs you see here so this is directly from.
President Trump on Truth Social says 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. For purposes of this United States policy, we will consider countries that use the VAT system, which is far more punitive than a tariff, to be similar to that of a tariff… Sending merchandise products or anything by any other name through another country for purposes of unfairly harming America will not be accepted in addition.
We will make provision for subsidies provided by countries in order to take economic advantage of the United States. 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,,, do not even let us businesses operate. We are able to accurately determine the cost of these non-monetary trade barriers. It is fair to all no other country can complain and in some cases,,, if a country feels that the United States would be getting too high a.
to charge reciprocal tariffs to countries who charge the U.S
tariff, all they have to do is reduce or terminate their tariff against us. There are no tariffs if you manufacture or build your product in the United States. The president does continue here. We do have one more paragraph to read you. He says For many years the US has been treated unfairly by other countries, both friend and foe. This system will immediately bring fairness and prosperity back into the previously complex and unfair system of trade. America has helped many countries throughout the years at great financial.
cost It is now time that these countries remember this and treat us fairly,,, a level playing field for American workers. I have instructed my secretary of state Secretary of Commerce Secretary of the Treasury and United States trade representative to do all work necessary to deliver reciprocity to our system of trade all of this coming after president Trump said on Thursday uh he rolled out his plan to increase us tariffs to match the tax rates that other countries charge on Imports possibly triggering a broader economic confrontation with.
allies and Rivals as he’s hoping to eliminate any trade imbalances so again,, this breaking news that we are just bringing you here into our Newsroom, president Trump saying he will Implement reciprocal tariffs and that was via that truth social post that we did just read to you. Anything more on this, we will bring you here on live now from Fox.
