Trump says that the new customs tariff will strike all countries

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President Donald Trump says the new definitions are scheduled to be announced this week will hit all countries, not only those that have the largest commercial imbalances with the United States.

The comments are preparing to reveal a huge list of import taxes on Wednesday, while he called “Liberation Day” in America.

The measures on the customs duties that Washington have already imposed on aluminum, steel and vehicles will come, in addition to increasing fees on all goods from China.

The stock markets in Asia fell in early trade on Monday, as investors are concerned about the impact of definitions on the global economy.

“You start with all countries,” Trump told reporters in the Air Force.

“Basically all the countries we are talking about.”

But he said that his administration would be “more generous” and “kindness” than the countries that were in the United States.

The president’s latest comments came, although last week indicates that he may restore customs tariff plans.

White House Economy Adviser Kevin Haysit recently told Fox Business Channel that the customs tariff will focus on 10 to 15 countries that have the worst commercial deficit with the United States, but it did not call it.

Trump sees the customs tariff as a way to protect the American economy from unfair competition and the hardship of bargaining for better trading conditions for America.

During the weekend, Trump’s advisers repeated his view that the planned definitions may collect trillion dollars and help create job opportunities in the United States.

The best trade consultant, Beit Navarro, pointed to huge revenues that he said the definitions will be raised.

Navarro said that the tax on all car imports may collect 100 billion dollars (77.3 billion pounds) on a $ 240 billion trade. He added that all the planned definitions may collect $ 600 billion, about five of the total number of goods in the United States.

Last week, the White House facts paper suggested that a 10 % tariff on each import could create approximately 3 million American jobs.

But concerns about trade war are troublesome markets and create fears of stagnation in the United States.

On Monday morning in Asia, the Japanese Nikkei 225 was 4 % lower, Hang Seng fell in Hong Kong by 1.6 %, and KOSPI was in South Korea 2.5 % lower.

All this raises the risks to all countries trying to conclude deals with the United States on their commercial policies, Including the United Kingdom.

But other judicial states, such as the European Union and Canada, have already said they were preparing a set of reprisal trade measures.

Separately, Trump said that an agreement with the Chinese owner Tikhak to sell the application will be agreed upon before the deadline on Saturday.

The deadline set on April 5 in January to obtain a short video platform to find a non -Chinese buyer or face a ban in the United States on national security.

This month was scheduled to comply with a law approved under the Biden Administration.



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