Trump floats idea of universal tariff but says US not ready for it yet

WASHINGTON (Reuters) – Republican U.S. President Donald Trump on Monday floated the idea of universal tariffs but said the United States was not yet ready for such a step.

© Reuters. U.S. President Donald Trump signs documents as he issues executive orders and pardons for January 6 defendants in the Oval Office at the White House on Inauguration Day in Washington, U.S., January 20, 2025.  REUTERS/Carlos Barria

“We’re not ready for that yet. We may put it … because essentially countries take advantage of the U.S.,” Trump told reporters at the White House.

“Well, you put a universal tariff on anybody doing business in the United States because they’re coming in and they’re stealing our wealth, they’re stealing our jobs, they’re stealing our companies, they’re hurting our companies. So you put a you put a tariff on to keep them from doing that,” Trump, who took office on Monday, added.

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