North American Free Trade Agreement

Trump threatens 'tax' on countries that exploit US trade

President Donald Trump threatened anew Monday to impose a "reciprocal tax" on countries that he says abuse their trade relationships with the U.S., promising to release more details this week.

But White House aides said no immediate action was expected.

Trump mentioned the plan during a White House meeting with a group of governors and local leaders who were invited to discuss the $1.5 trillion infrastructure proposal he sent to Congress on Monday.

Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.

The president also addressed ongoing...

48°