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Earlier this week, President Trump hinted at the idea of enacting a&nbsp;reciprocal tax that would function as a tariff on imports from other countries that tax U.S. imports.&nbsp;A recent <a href="http://www.foxbusiness.com/markets/2018/02/14/trumps-reciprocal-tax-what-it-is-and-how-it-could-affect.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fox-business-what-is-trumps-reciprocal-tax-and-how-it-could-affect-you-2705584" target="_blank" rel="nofollow" target="_blank">Fox Business</a> article outlined the president&#39;s comments about the tax and how it could&nbsp;affect&nbsp;U.S. businesses.&nbsp;

&quot;Implementing such a tariff could have several negative effects, including making U.S. imports more expensive and reducing competition&quot;, according to Christine McDaniel, senior research fellow at George Mason University&rsquo;s Mercatus Center. &quot;For businesses that rely heavily on imports, increased costs could be passed along to the consumer.&quot;

White House officials downplayed Trump&#39;s comments stating that nothing formal was currently in the works. However, franchisors that focus heavily on imported&nbsp;goods should continue to be mindful of Trump&#39;s focus on fair trade and how it can impact their&nbsp;business.&nbsp;

<a href="http://www.foxbusiness.com/markets/2018/02/14/trumps-reciprocal-tax-what-it-is-and-how-it-could-affect.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fox-business-what-is-trumps-reciprocal-tax-and-how-it-could-affect-you-2705584" target="_blank" rel="nofollow" target="_blank">Click here</a> to read the full article.&nbsp;&nbsp;

Fox Business: What is Trump's reciprocal tax and how it could affect you?

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The president's new trade tax could impact businesses that rely on imports. 

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Fox Business: What is Trump's reciprocal tax and how it could affect you?

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