Three large unknown people before the announcement of the “liberation day” of the president

Donald Trump says customs duties are coming. That message was from the American president consistent.

But what are the definitions and when? Import taxes have become very thick and fast since he took office so that it is difficult to follow.

Trump has already raised duties on Chinese imports, as well as steel, aluminum and some commodities from Canada and Mexico. The higher effects are scheduled to enter cars this week.

We are now waiting for Trump to reveal the details of his plan for a broader group of definitions, which his team spent in the past few weeks in development.

The White House is called “Liberation Day”. So what do we learn on Wednesday?

The White House did not say how high the customs tariffs, although analysts have been offered different prices by analysts.

On the campaign trail last year, Trump supported a 10 % tariff on all imports coming to the United States, sometimes indicating that this is 20 %-even 60 % on imports from China.

Once his position is reached, he presented the idea of ​​”mutual” definitions, indicating that the rates may vary according to the country according to the country.

He said in February a short time ago Officials ordered the development of such a plan.

The White House immediately complicated the image immediately, noting that their recommendations will reflect not only customs tariffs but also other policies that they believe are unfair to American companies, such as VAT (VAT).

This has led to a stampede, as political companies and leaders are trying to identify the extent of a new tax that their products may face; And how everything that was announced on Wednesday will interact with other duties, such as those in steel and aluminum, which has already began to be executed by Trump.

European officials, for example, are preparing for a two -number tariff for their exports. Trump said earlier this year that he intends to hit goods from the mass with the necessity of importing 25 %.

The Trump administration has not confirmed the countries that will be hit, although it was late on Wednesday’s announcement as a sweeping.

On Sunday, the president said that the new definitions could apply to “all countries”, indicating a possible return to the comprehensive tariff that it supported in the campaign.

Amal has decreased in some countries, such as the United Kingdom, which she believed might float under the radar, although many of them still eventually hope to work on a kind of deal.

But it is still unclear To what extent will the customs tariffs be applied globally or more targeted.

Last month, US Treasury Secretary Scott Payett said that efforts focus on “dirty 15” – 15 % of countries that represent the largest part of trade with the United States and impose a tariff or other bases that put US companies in inappropriate position.

The American Trade Representative Office, as it is ready to formulate the recommendations, has identified the countries that were “especially interested”.

They were Argentina, Australia, Brazil, Canada, China, European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, UK and Vietnam.

Trump kept himself with some of his most severe criticisms of historical allies and major commercial partners, such as Canada and the European Union.

“The friend was often worse than the enemy,” announced last week.

Customs duties are taxes on imports. So the big question is, who will pay?

Technically, there is a simple answer: The American companies that bring to goods are companies that will face the bill, especially if the White House begins to impose definitions “immediately”, as a spokeswoman Caroline Levitte proposed on Tuesday.

But the more definitions, the more companies are looking for ways to compensate for these costs, either by changing suppliers, and paying business partners to share the burden – or by raising prices for Americans.

Many companies said they are already preparing for this step. But it is a risky game because if companies raise prices too much, buyers will simply stay away.

These dynamics raised the risk of economic recession in the United States – and outside its borders, as many companies depend on American sales.

Trump says companies looking to avoid definitions can simply do their business in the United States, but this is not an immediate or easy solution, due to the high costs of employing and establishing factories.

The introduction of currency fluctuations and revenge by other countries in this mix, is likely to prove the repercussions of Trump’s attempt to reset the world trade balances difficult to predict for a long time after Wednesday’s announcement.