President Donald Trump cannot stop the contradiction of himselfHis tariff plans.
He says he is on the way to lowering many new commercial deals within a few weeks – but he also suggested this“Physically impossible”To hold all the necessary meetings.
Trump said that he would simply put new tariff prices that will be negotiated internally within the United States government within the next few weeks – although he did this already on April 2.“Editing Day,”anyThe global economy is trembling.
The Republican President says he is actively negotiating with the Chinese government on the customs tariff – while the Chinese Treasury Secretary and the United States, Scott Bessin, saidThe conversations have not started yet.
What should one believe? The sure bet is that uncertainty will continue in ways that employers and consumers alike expecting harm to the economy and that letting foreign leaders scratch their heads at a confusion.
And the consequences of all these definitions are enormous disturbances.
Trump statusThe 145 % definitionsIn China, which leads to revenge for the 125 % definitions on the United States – which mainly leads to a trade war between the world’s largest economists with the possibility of fetchingrecession.
Trump’s commercial deals with himself
The president told Time magazine in an interview issued on Friday that 20 %, 30 %, or 50 % tariffs annually from now will be a “complete victory”, although the financial market’s panic led toTemporary import taxes temporarily to 10 % for 90 daysWhile conversations occur.
“The deal is a deal I chose,” Trump said in the interview. “What I do is that I will do, at a certain stage of the non -distant future, I will put a fair price for the definitions of different countries.”
If this is confusing the country’s commercial partners, this sows anxiety at home.
Beige book in the Federal ReserveOn Wednesday, a group of tales from American companies that prepared eight times a year, on Wednesday, informed a significant increase in uncertainty between American companies that caused the retreat of employment and investment in new projects. The word “uncertainty” appeared 80 times, compared to 45 in early March and only 14 in January.
behind The idea that Trump plans to maintain the level of some customs tariffs, ministers in the world and CEOs of companies who gathered this week in WashingtonInternational Monetary Fund ConferenceHe said in special discussions that the Trump administration did not provide any real clarity of its objectives to objective conversations.
“There is no coherent strategy at the present time about what the definitions are supposed to achieve.” “My talks with the ministers and governors this week at the International Monetary Fund meetings were not fully understood what the White House wants, nor who should negotiate with him.”
Other countries are trying to hold talks
Swiss President Karen Keeler Street said in an interview with the broadcaster SRF, which was released on Friday, after a meeting with Bessant that Switzerland would be one of the 15 countries that the United States plans to conduct “distinct” negotiations. But she said that a memorandum of understanding should be reached to make talks to start officially.
She was at least happy with the knowledge of what to talk to, saying, “We were also appointed as a specific person in contact. This is not easy in the American administration.”
Countries publish various negotiating tactics.
South Korean officials, who met their counterparts in the United States this week, say they specifically asked for the definitions to be raised with the aim of working towards an agreement by July. The European Union has pushed the customs tariffs to zero for both parties, although Trump objects to European countries that receive a value -added tax, which is similar to a sales tax that he says hurts American goods.
Trump continues to be optimistic that the deals that have been negotiated with other countries will happen despite his allegations that he will put his own deals and lack of clarity on how to move forward in the process.
“I agree with Japan,” Trump told reporters on Friday. “We are very close to the deal.”
As part of a deal with Japan, the Trump administration has publicly called on the Japanese government to change car safety standards that focus more on pedestrian safety. But the wheels of the guidance on the cars sold in Japan on the right side, while American car manufacturers have put the steering wheels on the left.
“I don’t think the left driving cars are selling in Japan,” Prime Minister Shigro Ishiba said in a parliamentary session this week.
“We want to make sure that we are not seen as unfair,” Ishia said, indicating the possibility of reviewing the safety standards of Japanese car.
It is likely that the highest prices and deficiency
As Trump continues to make conflicting data on the definitions, companies are actively looking at high prices, lowering sales and possibly nude shelves in stores due to fewer shipments from China.
“In the three weeks that have passed on, the ocean container reservations from China to the United States decreased by more than 60 % of the industry,” said Ryan Petersen, CEO of Flexport, a supply chain company.
Consumers get email notifications and social media from retailers that will include lamps, furniture and other household items now with tariff fees.
On Wednesday, Dash in Avena reported a test to see if people will buy a made American product costing more than import. The shower -made shower head is $ 129, but to manufacture the same product at the local level, it will take the price to $ 239.
When customers on the website were granted on the web’s option between the head of the shower made in the United States of America or one cheaper made in Asia, there were 584 $ 129 bought in the abroad and not one sale of the locally produced shower.
Ramon Van Mir, the founder of Avina, concluded in his written analysis: “If politics and ingenuity makers want to rebuild the American industry, they need to deal with this fact: idealism does not always escape contact at a price.”
This story was originally shown on Fortune.com
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