Trump Floats Universal Tariffs
WASHINGTON (Reuters) - U.S. President Donald Trump proposed considering universal tariffs on Monday, acknowledging that the United States is not currently prepared for the move.
"We're not ready for that yet. We may put it ... because essentially countries take advantage of the U.S.," Trump stated during a meeting with reporters at the White House.
According to Trump, universal tariffs would deter foreign entities from exploiting American businesses and the economy. "You put a universal tariff on anybody doing business in the United States because they're coming in and they're stealing our wealth, they're stealing our jobs, they're stealing our companies, they're hurting our companies," he explained.