Trump Says Value-Added Taxes Will Be Considered Tariffs: What To Know About His Reciprocal Tariff Plan—And Its Inflation Impact

New York Post

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Trump plans to impose new US tariffs on countries with value-added taxes

President Trump on Saturday announced that value-added tax systems in other countries will be treated like tariffs — and included in his new plan to impose US levies to match.

Political Wire

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Trump Pledges to Treat Value Added Tax Like a Tariff

“President Trump said Saturday the U.S. will treat value added tax systems the same as tariffs, for purposes of helping to calculate the reciprocal levies on other countries he ordered earlier this week,” Axios reports. “At least 175 countries globally have a VAT, per the Organisation for Economic Co-operation and Development, meaning it could impact the math on any reciprocal tariff for most nations around the world.” “The impact could be most …

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Trump Says Value-Added Taxes Will Be Considered Tariffs: What To Know About His Reciprocal Tariff Plan—And Its Inflation Impact

Trump signed a memo Thursday instructing his top trade advisors to "quickly" analyze reciprocal tariffs.

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What are reciprocal tariffs? On Thursday (February 13), US President Trump signed a memorandum on the "Fair and Reciprocal Trade Plan" advocating reciprocal tariffs to restore fair trade.