Trump Says He Will Announce Reciprocal Tariff Approach Early Next Week
President Donald Trump, speaking to reporters during a Feb. 7 press conference with Japan's Prime Minister, said that he would probably announce, either Monday or Tuesday, Feb. 10 or Feb. 11, "reciprocal tariffs where a country pays so much or charges us so much and we do the same, so very reciprocal because I think that's the only fair way to do it, that way nobody's hurt. They charge us, we charge them."
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He said that would be his approach, rather than a flat tariff against all countries.
It's unknown how long it would take the International Trade Commission to calculate the tariff rate for every country the U.S. imports from for all products.