Donald Trump has fulfilled his threats. The US president arrived on Wednesday statistics “War War”. A global 10% has announced for all imports from your country and this is applicable A specific 20% rate for all the products you receive from the EU.
The old continent is not only affected by its announcement, which also refers to an increase in trade rates for the remaining large partners: United Kingdom, China, Japan, Taiwan, South Korea or Malaysia. The US president has warned that all vehicles importing their country should be paid 25%until midnight.
With an intervention in the White House gardens at the end of Wall Street, Trump has promised to remember that the US industry will be remembered as a “rebuilding” day, in which the fate of the United States is back in its hands, in which the United States will be rich again. “For decades our country has been stolen by distant countries (…) Foreign leaders have stolen our work, took our companies and destroyed our American dream,” he said. “They have defrauded us for over 50 years.”
Trump did not provide details of the new rates beyond the definitive statistics, a brief description and how they were calculated. According to the Chancellor, Washington has taken a particular of the fees they are applying for, and at those rates, the country, the country, other obstacles for trade for the United States, and its coins.
That instruction led him to fix him An additional 34% rate for China . Even his largest partner in the Middle East, Israel was not saved, It imposes a 17%fee, and the Benjamin Netyahu government announced a few hours before the removal of some of the customs tax maintained in US products.
These specific fees for every country or economic camp like the European Union They will begin to use until April 9, According to official sources of EFE quoting. Prior to this, this Saturday, April 5, 10% global fee would be implemented for all products that reach US soil.
The announcement, which was held on the “Liberation Day” of the White House tenant, has entered 25% of all cars from Wednesday to Thursday and reacted to new taxes from abroad to midnight. It produces it After the uprising of established rates, 25%, steel and aluminum.
Their administration considers these proportions to those “unreasonable” procedures, which uses their business partners, and that it is a “unfair” line for US products, or as a obstacle to trade for their country.
The ultimate goal of these activities is to support US production Use the currency in imports- to increase income (finance your tax cuts or management with scissors of management) and commercial partners for your country.
Almost historical business deficit
In fact, the president stressed that his policy was concentrated and responded to the lack of business that was created by his allies after decades’ robbery. That hole between the importation and export of the US last year is 17% Up to $ 918.4 billion (848,994 million in current transfer). It is really, The second is the highest in all its history. The imbalance in trade balance increased significantly with the EU: $ 12.9% to 235.6 billion (about 217,795 million euros).
Trump, who did not agree with questions from the press after his speech in the White House’s Rosaleta, has finished his speech, which will be “a day to remember in the coming years, and he is right, one of the most important days in the history of our country.”
And Mexico and Canada?
According to the White House report after the appearance, the US will give A relief to Mexico and Canada By extending the suspension of a deficiency month for the free trade contract T-Macal covered products.
Trump announced it Applies to “higher line decrease” In the history of the country for more than 65 years, for more than 65 years, without reducing the products imposed on social security or medical health programs, for young people with disabilities -for low income citizens.
