‘Level playground for American workers’: Trump’s outline Plan for Reciprocal Tariff – Times of India

US President Donald Trump repeated his stand on Tuesday Mutual tariff And said that policy will ensure fairness in trade.
In a social media post on Truth Social, Trump said that the countries using VAT (value added Tax) Countries with tariffs will be treated. Additionally, the US will also address trade barriers that prevents its goods from entering other countries or make it difficult for the country’s businesses to operate there.
“On business, I have decided, for the purposes of fairness, that I will mean a mutual tariff, whatever countries charge on the United States, we will pay a fee on them – no other, no less! For the purposes of the United States policy, we will consider countries that use the VAT system that is far more punitive than tariffs, similar to a tariff, “said Trump.
“In addition, we will make provisions for subsidy provided by countries to avail the United States economic benefits,” he said.
Trump has also mentioned while addressing subsidy, non-monetary tariffs and business obstacles that prevent American products or businesses from entering foreign markets.
“Similarly, provisions will be made for non -immonator tariffs and business obstacles that some countries charge to keep our product out of their domain or, if they do not operate us business. Business obstacles,” said the US President.
Trump also said that if a country feels Tariff us There are too many, it can reduce or eliminate its own tariffs against the US. He also clarified that no tariff would be implemented on goods produced in the US.
“This is appropriate for all, no other country can complain and in some cases, if a country feels that the United States is getting too much tariff, then they just have to do so that their tariffs against us Will have to reduce or eliminate. If you build or build your product in the United States, there is no tariff, “he said.
Trump claimed that the policy aims to create a fair, level playground for American workers, which reverse unfair treatment from other countries. He claimed that officials, including the Secretary of State and US trade representatives, would work to implement this system of fairness.
“For many years, the US has been misunderstood by both other countries, friends and enemy. This system will immediately bring back fairness and prosperity to a complex and improper system. America helped many countries in many countries in many countries Of, in great, in great, in great, great, in great, great, great, great, great, in great, in great, great financial cost, “Tram said.
“Now is the time that these countries remember it, and treat us properly – a level sports ground for American workers. USTR is instructed to provide mutuality in our business system!
President Donald Trump signed an order on 13 February, in which he directed his administration to propose a “mutual tariff” on American business partners, a step that could significantly affect global trade. Tariffs expected by April, tariffs imposed on American goods by foreign nations and go aim to match or offset other trade obstacles.
“Mutual” tariffs usually refer to policies, ensuring that countries apply uniform levy to each other, which aim for fairness in business relationships. Historically, mutuality in business means often a mutual lack of business obstacles to facilitate economic growth and global integration. For example, the American mutual trade agreement Act 1934, for example, marked a change away from American protectionism, making the US and its business partners interacted on a low tariff on each other’s products.