Trump threatens 'more than reciprocity' against trade barriers
US President Donald Trump warned other countries that the U.S. would retaliate if they placed trade barriers and tariffs on U.S. exports.
"The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A.," Trump wrote on his Twitter page. He added that trade must be fair and no longer a one way street.
Trump's tweet comes days after he threatened to impose a 20% tariff on all European cars entering the U.S.
Trump has escalated his rhetoric on trade toward other countries, including U.S. allies, in recent weeks, vowing to take care of farmers and manufacturers who have grown increasingly concerned about the tit-for-tat tariff battle between the U.S. and its allies, the Hill reported.
Last week, Trump followed through on his promise to punish China for its trade practices, announcing he would impose tariffs on $50 billion worth of Chinese goods.