President Trump is scheduled to reveal the most expanded definitions so far on Wednesday afternoon, when it was separated from the potential fees on countries around the world, including the largest commercial partners in America.
Mr. Trump has promised for several months to impose what he calls “mutual” definitions, which the president says will correct the “unfair” trade years in which other countries were “mixing” America.
Mr. Trump said on Monday.
Exactly how he plans to structure the new definitions is not yet clear. The White House press secretary on Tuesday afternoon said that Mr. Trump has decided to perform a work operation and that the new customs duties will enter into force immediately, but he and his commercial advisers continue to divide the details.
The president talked about the surrender of a new tariff for countries on the definitions they put on American products, as well as other commercial practices that Trump’s team sees unfair.
Mr. Trump also considered a 20 percent flat tariff for all commercial partners. Such a tax will aim to achieve revenues to compensate for the tax cuts that hope to pay Congress.
Each of the Al -Nahjan will be a major escalation towards a commercial war that seems to be a longing for unleashing. Governments worldwide are preparing to respond if the president raises definitions, raising the possibility of a turbulent economic battle to increase costs as Mr. Trump tries to force supply chains to the United States.
The president has greatly rejected the concerns that his definition – a tax on imports – could raise the prices of US consumers and companies or immediate revenge would harm farmers and other exporters.
Mr. Trump has already imposed several main slides of definitions, including those that apply widely to imports from China, Canada and Mexico. It has also announced definitions of imported cars and auto parts, which are scheduled to enter into force on Thursday.
Canadian and Chinese governments have already averaged by Mr. Trump’s tariff with their drawings. Governments in Europe and Mexico said elsewhere that they are waiting to see Wednesday measures before announcing their own responses. European officials discussed the status of commercial barriers on services, using a Mall This was developed in 2021. This tool can allow Europe to impose restrictions or sanctions on companies such as Google, Meta or even American banks.
Mr. Trump is scheduled to announce his identification movements at 4 pm at a ceremony in the Pink White House park. On Tuesday, Caroline Levit, the White House press secretary, said the definitions will be launched immediately.
“We are focusing on restoring the golden age in America and making America a super -manufacturing power,” said Ms. Levitte.
Mr. Trump argues that the customs tariff will encourage companies to transfer factories to the United States, and he praised investment advertisements from Chipmakers, auto manufacturers and others.
But economists say that since the definitions raise the prices of imported products and manufacturing inputs, they can slow the economy. The possibility of tariffs of definitions led to the neglect of disturbances in the stock markets and among major companies, which often depend on international supply chains of spare parts and products.
Trump administration officials have also insisted that foreign companies pay the cost of customs duties for the privilege of selling in the American market, but both CEOs say importers are likely to pass some of the costs of tariffs for consumers instead.
In a recent note, analysts in Goldman Sach said that high definition expectations caused inflation expectations at the end of the year, which led to a decrease in the forecast of economic growth for 2025 and raised their expectations for unemployment this year.
They said they have now put a recession in the next 12 months by 35 percent, an increase of 20 percent. They added that the change reflects “our low growth line, the recent severe deterioration in family and business confidence, and data from White House officials indicating a greater willingness to tolerate the economic weakness in the short term in the pursuit of their policies.”
“If manufacturers have to pay more for their inputs, we are likely to see prices on production as well,” said Satyam Bandai, the chief American economist and Canada at the S& PLOBAL RORTINGS. He added that it was “building an inflationary pressure.”
Many industries have also retracted the tariff plans. Michael Hanson, the first executive vice president of the retail leadership Association, who represents the main retailers, said in a statement on Tuesday that the Americans “depend on President Trump to help make life more expensive,” Michael Hanson, the first executive vice president of the retail leadership Association, who represents the main retailers, said in a statement on Tuesday.
He said that the Americans “are concerned about the tariff of influencing their pocket books.” “Retail traders strongly urge the president to double the policies that he is going through from his first mandate that work and give up policies that create uncertainty for American companies and families.”
Mr. Trump and his supporters acknowledged that there may be some pain for the economy and consumers, while reorganizing global supply chains. Senator John Kennedy, a Republican of Louisiana, said on Tuesday that he understood what Mr. Trump was trying to accomplish in the use of definitions as a country to restore manufacturing and investment functions to the United States. He said this would be “positive” in the long run.
“Things in the short term too,” Mr. Kennedy added during an interview with Fox Business. “I mean, it is only. Anyone tells you that he knows what the short -term influence of these definitions that will be taught at home was taught by Sharp day. They make it. They do not know, because we have not seen a tariff in modern history to this extent.”
Tony Rumb The reports contributed