Comprehensive fees and targeted revenge

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Donald Trump announced a new tariff for US imports on Wednesday, as it took the global economy in a new era of commercial competition.

The measures, announced by the White House Park during what Trump called “Tahrir Day”, includes a basic global tax as well as The targeted mutual definitions.

Many economists are afraid to raise the fees Economic inflation In the largest economy in the world. But they may bear until Trump believes that his goals – including raising revenues and reviving manufacturing in the United States – have been fulfilled.

What are the measures?

• Asset line tariff From 10 percent on imports from all countries.

• Individual mutual tariff “ In 60 “worst criminals” – the countries in which the United States says it has the largest commercial deficit.

• The mutual definitions will range from 10 percent to 50 percent. The accurate tax depends on what the Economic House of Economists believes in the White House is the total definitions and barriers that are not transmitted to American goods. Half this level will be applied to imports from 60 countries.

How Trump did this and when will the definitions begin?

• The US President has published emergency powers to impose new definitions. The administration announced a state of national emergency “due to national security and economic security, gays resulting from the conditions that are reflected in the deficit in the trade of large and continuous annual American commodities.”

• The first definitions will be applied within days. US officials said that the main tariff of 10 percent will apply from 12.01 am on Saturday, April 5, while mutual definitions will be applied from 12.01 am on Thursday, April 9.

What countries have been beaten?

• A 20 percent tariff was imposed on the European Union, Trump’s long runner reflects what he says is “unfair commercial practices” of the mass.

• Trump said goods from China would strike with a 34 percent mutual tariff. Critically, This will be at the forefront on a 20 percent tariff. Taking the tax on imports from the second largest trading partner in the United States to at least 54 percent.

• UK commodities will face only 10 percent duties A small victory in London would raise the hopes of a rapid trade agreement with the United States.

• Japan gets a tariff of 24 percent, It hit a blow to one of the closest military allies in the United States.

• Some of the forces exported in Southeast Asia are hit by definitions of about 50 percent. Cambodia was given a mutual rate of 49 percent, followed by Laos, 48 ​​percent and Vietnam by 46 percent. Other countries, which include more than 40 percent, include 44 percent Langka, 44 percent, 47 percent, and Myanmar by 44 percent. Small French lands in St. Pierre and Miklon, off the Newfoundland coast in Canada, were subjected to a 50 percent tax.

Are there any exemptions?

• Mexico and Canada,, Which have been repeated targets of Trump’s attacks in recent weeks, will avoid mutual definitions. The duties of 25 percent for goods that are not compatible with the terms of the 2020 trade deal with the United States will remain.

• Cars – Type. The White House said that cars and auto parts, which have already reached 25 percent of tariffs, were announced last week, would spare an additional mutual tariff. Trump said the tax will be applied as of April 3.

• Alloys, energy and minerals are not present in the United States The mutual definitions will also be spared.

• Semiconductor, medicines, copper and wood It will not attract mutual definitions. But Trump has already announced investigations that could lead to definitions to copper and wood, and indicated that he would do the same for drugs and computer flakes.

How long will the definitions continue?

• The deals may be possible – but they depend on Trump. The executive order, which announced the new customs tariff, said that the president can “reduce or reduce the scope” in duties if “any commercial partner takes important steps to treat the arrangements for unprofitage and sufficiently consensus with the United States on economic and national security issues.”

• But US officials point out that they are focusing on applying definitions. “Certainly, countries are very interested in trying to know what they can do to get more mutual trade,” said a senior White House official at the White House. “At the present time, we are very focused on placing the tariff system in place.”

• Definitions can also rise. The executive warned that any revenge from countries to measures announced on Wednesday will face more fees from the United States.

What is the purpose of definitions?

• To reduce the American trade deficitWhich was a long target from Trump. Officials blamed the “huge” American and “chronic” trade deficit in eroding the capabilities of manufacturing, suppressing wages, and “transportation. Assets into foreign hands”.

• To force companies to transfer manufacturing to the United States. Trump hopes that companies will create a store in the country to avoid tariffs and create more jobs. “The goal is to restore American greatness and prosperity for American workers in their societies,” said an American official.

• “Correct unfair commercial practices.” White House officials said Trump was “unambiguous for decades about his commitment to correcting unfair commercial practices of our foreign trade partners, both friend and enemy alike.”

• Raising revenues to the United StatesTo help pay the price of deep tax cuts. While US officials did not cite this as a reason for definitions, they said that the fees would raise “hundreds of billions of dollars in any specific year”, or “trillion over a period of 10 years.”