President Donald Trump signed a memorandum on “reciprocal trade and tariffs” in the Oval Office Thursday, calling on his Cabinet members to draw up a plan to respond to foreign tariffs on American goods.
“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,” said Trump in the Oval Office.
“No more, no less. In other words, they charge us a tax or tariff, and we charge them the exact same tax or tariff. Very simple.”
