'Canada does not treat us right': Trump threatens new global tax - GistBuz

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Monday, February 12, 2018

'Canada does not treat us right': Trump threatens new global tax

U.S. President Donald Trump is complaining about Canadian trade practices while threatening a tax on international imports, indicating Monday that the idea of some form of border fee remains alive.

He made the remarks at the White House while unveiling a long-awaited infrastructure plan. During a lengthy session with reporters, he complained about countries considered allies of the U.S.

"Canada does not treat us right in terms of the farming and the crossing the borders," said Trump, according to a release from the White House press pool.

"We cannot continue to be taken advantage of by other countries."

It's unclear what he was referring to, although he has complained in the past about Canada's dairy controls and softwood lumber. Administration officials have also expressed anger over Canada's wide-ranging attack at the World Trade Organization on the U.S. system for imposing duties.

He did promise more clarity soon on a new tax threat as early as this week.

"We are going to charge countries outside of our country — countries that take advantage of the United States," Trump said.

"Some of them are so-called allies but they are not allies on trade... So we're going to be doing very much a reciprocal tax and you'll be hearing about that during the week and the coming months."

It's unclear what type of tax he's referring to. Earlier this year, the administration dropped the idea of a border-adjustment tax in its since-passed fiscal reform, because of widespread opposition on Capitol Hill.



from CBC | Top Stories News http://ift.tt/2Bq6ano
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