Washington – President Trump announced that global customs duties sweep on Wednesday – a risk -buried step that will attract manufacture to the United States, but experts have warned against increasing the global economy.
In a speech in the garden of roses, Trump said that the United States will start applying a 10 % basic tariff for goods imported from all foreign countries. He said that there are dozens of countries that said that the goods made by America unfairly will face an additional tariff, as China has slapped another tariff by 34 %, the European Union is a 20 % tariff, and India is a 26 % tariff.
Trump has announced the increase in import taxes in the United States on foreign goods to levels that have not been seen since World War II, and raised the ghost of a global trade war.
Trump said the new definitions represent a turning point worldwide and the United States. He said that Wednesday, which was called “Tahrir’s Day”, “will remember it forever as the day when the American industry was born again, the day when the fate of America was recovered, and the day we started to make America rich again.”
The President made his remarks after the closure of stock markets. But futures in the United States fell moments after Trump left the theater, and to examine potential turmoil at a time when countries impose a new tariff on each other.
“Our country and taxpayers have been stopped for more than 50 years, but that will not happen anymore,” Trump said. “This is one of the most important days, in my opinion, in American history. It is our declaration of economic independence.”
Countries all over the world accused – “both a friend and an enemy” – of “looting, rape and looting” the United States.
Trump has repeatedly indicated “mutual tariff”, but some definitions are not completely mutual. The White House said, for example, that if any country imposed a 50 % tariff on the United States, it was hit with a 25 % tariff. But the White House numbers cannot be verified immediately.
The new definitions, in addition to a 25 % tariff, are displayed on all foreign cars announced by Trump last week, and it is scheduled to enter this Thursday morning.
White House journalist Caroline Levitte said that the exact nature of definitions was mysterious until the last minute, with Trump’s meeting with economic advisers late on Tuesday afternoon to finish details.
Trump has been defending the customs tariffs since the campaign’s course, and he is expressing the idea that foreign countries “mixed” the United States for decades.
But the majority of American adults – 58 % – agree that the customs tariff will harm the national economy, according to the College of Law in Marcite on Wednesday. Democrats are more convinced of Republicans – 89 % of Democrats and 58 % of independents said that definitions will harm the economy, compared to 52 % of Republicans who believe that definitions will help.
“One crop away from bankruptcy”
In a winding speech that touched on Ukraine and Russia, and his Christ with the media and the Middle East, Trump also blamed his former opponent, former President Biden, for not protecting the United States economically.
“I blame former presidents and former leaders for not doing their work,” Trump said. “Allow this.”
Saying that the definitions will be included in the “Golden Age of America”, Trump stressed that the definitions will provoke stronger competition and reduce consumer prices. The president at Garden Rose Garden, a frequent location for important presidential economic advertisements, spoke to the crowd, including many members of the United Auto Labor Union in difficult hats.
“The customs tariff is a tool in the toolbox” to encourage more companies to the United States. Fayne and Ediden supported the elections last year, after Democraticed history by standing with amazing car colleagues.
Trump threw the Maga hat to the car’s car specialists, and said a mantle towards them, that they would benefit from the manufacture of “a return to our country.”
“They no longer vote for the Democrats,” Trump said, as the crowd chanted.
However, while many prominent Republicans attended the speech, others kept the Capitol Hill with their distance, and they warned against the head of the dire consequences of farmers and manufacturers in their regions who could quickly conclude work on the new policy.
“Anyone says there may be little pain before we get the right things to speak with farmers who are one crop away from bankruptcy,” Republican Senator Tom Telese of North Carolina told reporters on Tuesday. “Therefore, we must be fragile to this implementation. Otherwise, we can harm the unable to farmers.”
The closest partners affected
In a big victory over Canada and Mexico, on Wednesday it seemed that both countries had survived the definitions of the country that Trump announced, although both countries will be subject to other types of definitions from the previous procedures.
Trump began his presidency with a tax bombing against foreign imports from Canada and Mexico, claiming that these countries were responsible for the Vintagan crisis in the United States. Then the president stopped the customs tariff and restored it, but White House officials said on Wednesday that although Canada was exempt from today’s announcement, the customs tariff by 25 % on some Canadian goods and 10 % on others will continue.
Canadian Prime Minister Mark Carney said: “He wants to break us so that America can possess us,” Canadian Prime Minister Mark Carney said. In Wednesday video. “This will never happen. We responded to the latest definitions is fighting, is protection and construction.”
The leaders around the world were ready for weeks before Trump’s announcement. The anxiety was especially sharp in Mexico, which trades with the United States more than any other country.
Last year, Mexico exported more than $ 500 billion of goods – including vehicles, computers, oil and gas – to its northern neighbor. Meanwhile, she imported $ 334 billion of US -made goods.
Since then, Mexican companies have kept new investments.
Mexican President Claudia Xinbom has pursued a cautious approach, seeking to distinguish Trump. Unlike Canada, the customs tariff did not slap American imports when Trump imposed on customs duties for a period of time on Mexican goods.
On Wednesday, before Trump’s announcement, Shinbom said that Mexico will respond on Thursday with a “comprehensive program” to meet the new definitions, but he suggested that Mexico would not respond to its own tariff. She said: “It is not a matter” if it imposes a tariff on me, then I impose a tariff on you. “
At the local level, the Democrats have constantly detonated Trump’s tariff agenda as harmful to Americans, who are likely to face higher prices on daily imported goods. Representative Robert Garcia (Dang Beach) described definitions as “horrific for the economy”, especially for its boycott, which depends on trade that comes constantly through the port of Long Beach and Los Angeles. “One person does not think it is a good idea,” Garcia said.
“This will be transferred to the ordinary Americans, and it will be really troubled, especially for cities such as Los Angeles and Long Beach,” said Garcia.
Benho and Willner from Washington and Lingcom told Mexico City.