- President Donald Trump announced the long -awaited mutual definitions On the trading partners in America on Wednesday. The United States will impose a tariff in about half of what other countries do, with a tax of at least 10 %. “We support many countries,” the president said. “We no longer take it anymore.”
It is one 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. Trump said in a speech by the White House garden that the United States will impose a 10 % less tariff, too.
“They are doing it to us, and we do it for them,” Trump said Trump during the event.
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 reached a free rise in nearly four 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
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