Donald Trump declares that customs duties are sweeping against a “friend and enemy” with a minimum of 10 %
It is the day of liberation – it is increasing a day of the definitions that President Donald Trump pledges to “make America rich again.”
Trump announced on Wednesday that the mutual definitions are sweeping the trade partners in the United States, to be appointed in about half of what other countries receive America. In a letter from the White House Park, Trump announced 10 % of the United States, also, also in a letter from the White House Park.
“They do this to us, and we do it for them,” Trump said during his tax announcement.
While the president gave his speech, he designed a dense mark with plans, and has participated in specific examples: imposing 67 % taxes on the United States – the number of Trump explains the manipulation of the currency – so the United States will impose taxes on China by 34 %. Trump said the total total fees of the European Union against the United States amounted to 39 %, so the United States will strike about 20 %. The United States will impose 25 % on South Korea, 24 % on Japan and 32 % in Taiwan.
“None of our companies is allowed to go to other countries,” he said. “I say that, a friend and enemy, and in many cases the friend is worse than the enemy.”
Trump reaffirmed that he would put a 25 % tariff on cars and external parts, in the middle of the night effective. “We support many countries,” the president said, “Blaming the trade deficit of the US debt problem. “We no longer take it anymore.”
Even before Trump’s victory on election day, some economists to caution The definitions he promised to the path of the inflated campaign may be. Since then, the S&P has not been pushed since then, and the threat of a global trade war. Correction area And the consumer with fat FeelingsBut start Rose calls From Big Banks and others in the world of financing. The central bank is kept in waiting and seeing, too, when it comes to interest rates.
Fear surrounding the fees is that when companies face an additional tax on imported goods, they tend to transfer these costs to consumers. The Americans are still suffering from exorbitant prices after inflation has increased in the rise of four decades in nearly three years. The federal reserve sees itself the inflation caused by the customs tariff, even if it may be Transitional. If spending on business and consumers decreases as a result of high prices, this may slow economic activity and even join stagnation – a mixture of stagnant growth and high inflation. One research tank recently The definitions are called “A recipe to make Americans worse.”
This story was originally shown on Fortune.com
