Donald Trump is escalating from the World Trade War with a distinction of a comprehensive tariff

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Donald Trump launched an attack on the global trade order, and imposed a set of customs tariffs on American imports in a move that sent financial markets to reap and deepen fears of the health of the global economy.

In the measures he described as a “liberation” means American economyThe president said on Wednesday that the 10 percent tax will be applied to almost all US imports as of April 5.

Trump also revealed “mutual” sweeping definitions on the goods from a group of the largest trade partners in America.

The American customs tariff on China, the world’s largest source of commodity, will rise to more than 54 percent after Trump imposed an additional 34 percent on the highest 20 percent of the fees he placed in the Asian nation this year.

The European Union will face a total tariff of up to 20 percent, while imports from Japan – one of Washington’s nearest allies – will face a 24 % tariff.

The average of America Definitions Banx Wall Street said on Wednesday evening that it would be up to the highest levels in decades. The mutual customs duties are scheduled to enter April 9.

Speaking to a pink garden packed at the White House on Wednesday, Trump said that his measures would collect money to pay the costs of tax cuts and stir a recovery in local manufacturing.

He said: “In the face of the continuous economic war, the United States is no longer able to continue the policy of unilateral economic surrender.”

“We have to take care of our people, and we will prevent our people first.”

Trump’s advertisement sent us the futures contracts, as the contracts of the S& P 500 index follow by 3.3 percent and those that follow NASDAQ 100 by reducing 4.2 percent on Thursday morning in Asia.

S & P 500 has already it has Nearly 5 percent decreased In the first three months of the year regarding fears that Trump’s tariff will slow economic growth and get rid of a new seizure of high inflation.

Investors and analysts said the definitions will be perceived throughout American companies. “This is close to the worst cases that the market is afraid,” said Ajay Rajadiaksha, the international head of research at Barclays. “This will cause damage.”

Michael Ferrolly, the chief US economy in JPMorgan, said the definitions will significantly increase inflation and consumer spending. He said, “This effect alone may take the economy close to the slipping of the recession,” he said.

Republican Parliament Speaker Mike Johnson Fox Business told Wednesday that the customs tariff will always be “irritation of gates.”

He said he was confident that the markets would eventually target as the definitions were forced to “come to the table” and cut their fees on American goods.

Japanese Topix fell 3.3 percent on Thursday, while the yen jumped, often for investors, by about 1 percent against the dollar.

Gold rose 0.7 percent to a new record of $ 3,150 an ounce. The US and Japanese government ties – which are among the world’s origins in the world – have also increased, which led the returns to a decrease.

Trump’s announcement will escalate the commercial frictions that have been built since its victory in the November elections on a popular agenda of economic protectionism.

Analysts said that the American commercial partners will have a little option for Trump’s measures, which raises the possibility of an economically harmful global war.

“The Day of Revenge” “on liberation day” said.

“The governments will look weak if they do not retreat,” although Bolini said he expected them to “leave the door open” to negotiate. He added that the broad customs tariff increases the chances of American recession.

Some elements will be exempted from mutual definitions, according to the White House, including energy and minerals that are not available in the United States, as well as alloys and some of Trump’s already goods.

These include steel, aluminum, cars and imports that Trump indicated that it will apply a separate set of definitions, including copper, medicines, computer chips and wood.

Mexico and Canada – Trump’s commercial partners have been repeatedly attacked in recent weeks – related to global tariffs. The goods will remain from the two countries that are the commercial deal for the year 2020, which it signed with the United States is exempt from the definitions.

“It is bad news for the world, especially the countries that got a tariff, but it is good news for Mexico,” said Gabriella Siller, head of financial and economic research at the Banco base. “Mexico may end in winning the market share despite Trump’s protection speech.”

Introduced by Amy Williams, James Politi, Steve Chavez and Alex Rogers in Washington, Harriet Klifelt in New York, Ian Smith in London and Christine Murray in Mexico City