US President Donald Trump has signed the executive decree on imposing mutual duties on allies and opponents tonight in order to balance inequalities in trade. “If they impose us duties or taxes (US products), we will impose exactly the same duties or taxes (on imported products in the US), it is so simple,” Trump said, adding that often that often “US Allies behave worse than our enemies” in the commercial sector. Speaking to reporters at the Oval Office, Trump said other countries could reduce their duties or even abolish them. The value added tax imposed by some countries will also be considered a duty and will not be accepted to be sent through third country to avoid duties, he added. Referring to the European Union, he said it has a VAT of 20% “and other measures” affecting US companies, putting Apple as an example. He also argued that airlines […]
Source: News Beast
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