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White House Downplays Trump’s Threat of a ‘Reciprocal Tax’

Posted February 13, 2018

Under Economic Issues, International Trade Issues

(Canadian Press)

The White House is downplaying a threat from President Donald Trump to impose a new import tax, following hard-to-follow comments that had some trade-watchers befuddled about what he might be planning.

“There is nothing formal in the works right now,” a senior administration official said Tuesday.

“He was simply reiterating the same sentiments he’s been saying about reciprocal trade for years.”

The president confused many trade analysts Monday with remarks about a new tax.

Trump said there would be details in the coming days about something he called a “reciprocal tax” on imports — and he complained about the trade practices of Canada, China and other countries in making the threat. Click here to read more.