President Donald Trump has resolved to charge equal tariffs to any nation that has been imposing Value Added Taxes V.A.T to the United States of America U.S.A.
The U.S head of State said in his statement of Tuesday February 18 that, for the purposes of fairness, he will charge a ‘reciprocal tariff’ so that whatever countries charge the United States of America, they also get to be charged.
“We will charge them – No more, no less! For purposes of this United States Policy, we will consider countries that use the V.A.T System, which is far more punitive than a Tariff, to be similar to that of a Tariff,” he announced.
In addition, he announced that he will make provision for subsidies provided by countries in order to take economic advantage of the United States.
“Likewise, provisions will be made for Nonmonetary 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 U.S. businesses operate”.
President Trump observed that no other country can complain and, in some cases, if a country feels that the United States would be getting too high a Tariff, all they have to do is reduce or terminate their Tariff against the U.S.
He noted that for many years, the U.S. had been treated unfairly by other countries, both friend and foe in all matters just because those nations thought the U.S has money for all and money to waste.
Trump stated that America had helped many thankless countries throughout the years, at great financial cost. And is now time that these countries remember this, and treat the U.S utmost fairness.
In that regard, President Trump, immediately, instructed his Secretary of State, Secretary of Commerce, Secretary of the Treasury, and United States Trade Representative (USTR) to do all work necessary to deliver reciprocity to the local system of trade.
