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.
- Trump Wants to Impose a ’Reciprocal Tax’ on Trade Partners (Reuters)
- Trump Doesn’t Understand Deficits and Trade, and Canada Will Pay a Price (National Post)