But White House aides said no immediate action was expected.
Trump mentioned the plan during a White House meeting with a group of governors and local leaders who were invited to discuss the USD 1.5 trillion infrastructure proposal he sent to Congress yesterday.
Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.
"We cannot continue to be taken advantage of by other countries," Trump said. "We cannot continue to let people come into our country and rob us blind, and charge us tremendous tariffs and taxes, and we charge them nothing. We cannot allow that to happen. We cannot allow it to happen."
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He also complained about the US losing "vast amounts of money" in trade with China, Japan, South Korea and other countries.
"It's a little tough for them, because they've gotten away with murder for 25 years," he said. "But we're going to be changing policy.
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