On Wednesday afternoon, President Donald Trump announced a set of new customs tariffs, including a global tariff for all imports, as it seeks to reshape the global economy and the economic errors against the United States. Here are three fast food.
Why do it matter
Trump and his allies repeated the phrase “promises made by promises and promises” during the first two months of his second term, as he dealt with reform after the reform – and no promise was greater than reducing costs and implementing a wide -ranging tariff.
Trump, his allies and the broader Republicans insisted that the president has an authorization to follow his agenda after controlling Republicans from the White House and both congressional councils.
What do you know
Trump stands in the garden of roses, accompanied by the leadership of the Republican Congress and members of the trade union, Trump has announced a experimental tariff for multiple countries and has reached a major investment to the United States about what he called “Tahrir’s Day”.
Blame the former presidents to allow other countries to “benefit” from the American worker and economy. Trump claimed that the Americans “support and maintain many countries and maintain and preserve them at work” and that his plan “finally puts America”.
“The trade deficit is no longer just an economic problem. It is a national emergency,” Trump said.
Trading after working hours in the United States witnessed that Dow Jones, S&P 500 and NASDAQ were all dropped after Trump’s announcement, although the president set his announcement for 4 pm East time to avoid the potential effect of his announcement.
Below is fast food from the various ads made by Trump on “Editing Day”.
Chip Somodevilla/Getty Images
Global definitions on all imports
Trump’s largest declaration in the garden of roses was a 10 percent global tariff plan for all imports of countries and high tariffs on dozens of others.
This may be, in addition to the other definitions announced in individual countries: Washington correspondent, the chief correspondent in Washington, Emon Jafar on X, previously on Twitter, wrote that the specified China tariff of 34 percent will be at the top of the previous 20 percent tariff imposed at the beginning of March.
Mutual definitions “type”
The issue was the most accomplished before the Rose Garden Declaration was anxious about the mutual tariff – that is, the United States will respond to countries that have been exposed to the United States with equal tariffs.
Trump did not carry out a similar tariff, but instead he carried out what he called “mutual” definitions, which means half of any specific tariff against the United States returned to the appropriate nation: this means that in the case of China, which the administration has claimed, it carried out a 67 percent tariff against the United States, Trump applied 34 percent against.
The definitions of the administration against the United States also include “currency manipulation and commercial checkpoints”, which means that definitional reciprocity is not against pure customs tariffs. The administration did not clarify how each final amount of the alleged definitions loaded against the United States
The image below recounts the definitions imposed on the United States and the “reduced mutual definitions” of the United States of 50 countries.
White House
The largest customs tariff in the list includes developing countries such as Laos, Botswana and Myanmar (which has suffered a devastating earthquake), Cambodia, Bangladesh, Sri Lanka, and Bangladesh – all of this suffers from a tariff greater than China, which has 34 percent of mutual cruelty. However, the total definitions in China will be greater than any of these other countries.
Trump has established his administration that these definitions will collect $ 6 trillion over 10 years, return money to the United States and taxpayers-even when Republicans began to say that “short-term pain” may be an inevitable part of the operation.
“The taxpayers have been stopped for more than 50 years,” Trump said. “But that will not happen anymore.”
Trillion
The main balance of raising these definitions on imports is a gamble that companies will search for their beach to the United States to avoid the cost of the associated price or the loss of risks to business as people stop buying high -prices products.
Trump has fought the list of companies – most of which are in technology or medicines – that have pledged to invest in the United States, build new production facilities and infrastructure, and demand trillions of investment collectively. Most of these pledges were announced individually, but Trump made the amazing group number.
For example, Apple said it will spend $ 500 billion to build new factories in the United States, and Meta pledged $ 500 billion to build infrastructure to follow up on artificial intelligence development (AI).
Trump named SoftBank, Openai and Oracle for its pledge of $ 500 billion – known as the “Stargate” – as well as “hundreds of billions” from NVIDIA and $ 200 billion from the TaiCC semiconductor.
Johnson & Johnson, Merck, General Electric, Honda, Nissan, Hyundai and more.
This article includes reporting from the Associated Press.