Trump threatens 'tax' on countries that exploit US trade

Friday, February 9, 2018, Vol. 42, No. 6

WASHINGTON (AP) — President Donald Trump says he's planning to announce a "reciprocal tax" on countries that take advantage of the United States on trade, with more details to be released later this week.

Trump is noting his plans for the so-called tax in a meeting with state and local leaders. He says they'll be hearing about it during the week and the coming months.

Trump is also addressing the ongoing negotiations over the North American Free Trade Agreement and says he's hopeful it will be successful.

The president is complaining that Canada doesn't treat the U.S. well.

Trump says the U.S. can no longer continue to be taken advantage by foreign countries. Trump is blaming "laziness" for trade deals he thinks are bad for America.