On Monday, President Donald Trump suggested that he could temporarily exempt some Car manufacturers of the definitions previously imposed on the sector, to give car makers time to control their supply chains.
“I am looking for something to help some car companies with him,” Trump told reporters who gathered in the oval office.
The Republican President said that car manufacturers need time to transfer production from Canada, Mexico and other places, “They need a little time because they will make them here, but they need a little time. So I am talking about things like this.”
The statement hinted to another round of repercussions on the customs tariff, as the Trump attack of import taxes led to the panic of financial markets and raised deep concerns by Wall Street economists about a possible stagnation.
US President Donald Trump announced the possibility of additional introductory exemptions on some of the auto parts that were conducted in Canada after ambiguity about the customs tariffs on electronic imports from China. Trump said on Monday that it is expected to target more customs tariffs and semi -conductors.
When Trump announced the tariff of 25 percent cars on March 27, he described them as “permanent”. His solid lines in trade have become increasingly unclear as he sought to reduce the potential economic and political trembling of his policies.
Last week, after the sale of the bond market on interest rates on US debt, Trump announced that for 90 days, a broader tariff will be placed against dozens of countries in the 10 percent baseline to give time for negotiations.
Meanwhile, Trump increased import taxes on China to 145 percent, to temporarily exempt the electronics exempt from some of these customs tariffs by charging these goods at a rate of 20 percent.
“I don’t change my opinion, but I am flexible,” Trump said on Monday.
Trump’s flexibility has also fueled a feeling of certainty and confusion about his final intentions and goals. The S& P 500 stock index rose slightly in trading on Monday afternoon, but it still decreased by about nine percent this year. The interest rates on US Treasury notes were also raised for 10 years, about 4.4 percent.
“Whiplash was so great that he might have to” obtain a stent of a neck. “
Tannenbau warned in an analysis: “The damage to consumers, businesses and confidence in the market may be irreversible.”
The US President also said that he spoke with the CEO of Apple Tim Cook and “Help” recently. Several Apple products, including the famous iPhone, are assembled in China.
Apple did not respond to the Monday’s request to comment on the latest fluctuations in the Trump management pendulum.
Even if the exemptions granted on electronics last week turned to short -term, the temporary exemption gives Apple to breathe space to find out ways to reduce the impact of the trade war on iPhone sales in the United States
This possibility helped raise the Apple share by about three percent during the trading on Monday afternoon. However, the stock has abandoned an increase earlier in seven percent as investors tackled the possibility that the iPhone has been marginalized through more customs tariffs on Chinese Chinese products in the coming weeks.
https://i.cbc.ca/1.7506442.1744244556!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_1180/donald-trump.JPG?im=Resize%3D620
Source link