Trump eyes $1 trillion from reciprocal tariffs, risks sowing uncertainty & widening trade conflict…..See More

US President Donald Trump has turned to tariffs yet again as a solution to purported decline of American economy.

Trump on Thursday signed an executive order to impose ‘reciprocal tariffs’. A senior White House official told Washington Examiner that he is looking forward to generating $1 trillion in revenue from these tariffs.

As he signed the order, Trump said that countries “charge us a tax or tariff and we charge them the exact same tax or tariff — very simple”.

“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 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. In almost all cases they are charging us vastly more than we charge them, but those days are over,” said Trump at White House.