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U.S. Import Tax in the Near Future?

Official says import tax is off the table, contradicting Trump.

By Jennifer Epstein | Updated on February 13, 2018

The Trump administration has no formal proposal on the table for a so-called reciprocal tax on imports, according to a U.S. official who sought to clarify whether a levy that risks escalating tensions with key trading partners would be enacted.

The clarification came Monday after President Donald Trump had said earlier in the day that his administration was planning to enact a levy on imports from other countries at the same rates those countries impose on U.S. products.

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