Trump announces reciprocal tariffs in Truth Social post amid trade policy overhaul [Video]

President Donald Trump wrote a lengthy Truth Social post about his trade policy overhaul on Saturday, emphasizing his plans to charge reciprocal tariffs to countries that the U.S. does business with.

In a post published Saturday afternoon, Trump explained how his reciprocal tariffs will work in a great amount of detail. In recent weeks, he has announced 25% tariffs on all aluminum and steel imports into the U.S., plus 25% tariffs on imports from Canada and Mexico and a 10% tariff on imports from China.

His recent move to implement reciprocal tariffs was decided “for purposes of Fairness,” Trump wrote.

“For purposes of this United States Policy, we will consider Countries that use the VAT [value-added tax] System, which is far more punitive than a Tariff, to be similar to that of a Tariff,” Trump wrote. “Sending merchandise, product, or anything by any other name through another Country, for purposes of unfairly harming America, will …