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Trump Threatens "Reciprocal Tax" On Imported Goods

US President Trump, who has already raised taxes on the US consumer once this year, is vowing to do so again. On Monday, the president suggested a reciprocal tax on imported goods (details were not forthcoming). Generally, such taxes tend to hit lower income consumers more than higher income consumers. The Wall Street Journal reported that Trump's blueprint surprised his top aides, who were quick to note that no formal plans have been drawn up yet.
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