President Donald Trump on Thursday signed a presidential memorandum laying out his plan to impose “reciprocal tariffs” on foreign nations.

“They charge us a tax or tariff and we charge them,” Trump said in a press event in Oval Office.

The president said that under the plan, the U.S. will treat other countries’ non-tariff policies as unfair fair trade practices that warrant tariffs in response.

Those include value-added taxes, or VATs, and other practices that the office of the U.S. trade representative deems to be unfair trade limitations.... Read More: CNBC