President Donald Trump speaks to reporters in the Oval Office of the White House, where he signed an executive order, on Thursday, Feb. 13. (AP/Ben Curtis)
Most countries use a VAT system, including the United Kingdom, China and Mexico. Trump added that he will make provisions "for subsidies provided by Countries in order to take Economic advantage of the United States."
"Likewise, provisions will be made for Nonmonetary Tariffs and Trade Barriers that some Countries charge in order to keep our product out of their domain or, if they do not even let U.S. businesses operate," the president added. "We are able to accurately determine the cost of these Nonmonetary Trade Barriers."
"It is fair to all, no other Country can complain and, in some cases, if a Country feels that the United States would be getting too high a Tariff, all they have to do is reduce or terminate their Tariff against us. There are no Tariffs if you manufacture or build your product in the United States."
THIRD JUDGE BLOCKS TRUMP BIRTHRIGHT CITIZENSHIP ORDER
President Donald Trump speaks during the National Prayer Breakfast at Washington Hilton, Thursday, Feb. 6, 2025, in Washington. (AP Photo/Evan Vucci)
"They can build a factory here, a plant or whatever it may be, here," Trump said Thursday afternoon from the Oval Office. "And that includes the medical, that includes cars, that includes chips and semiconductors. That includes everything. If you build here, you have no tariffs whatsoever. And I think that's what's going to happen. I think our country is going to be flooded with jobs."
Fox News Digital's Emma Colton contributed to this report.
Andrea Margolis is a writer for Fox News Digital and Fox Business. Readers can send story tips to andrea.margolis@fox.com.
https://www.foxnews.com/politics/trump-details-his-reciprocal-tariff-plans-asks-foreign-countries-treat-us-fairly-deliver-reciprocity