By notifying what you have called “Mutual charges”Trump has fulfilled the main promise of his campaign, according to the White House, by raising US taxes on foreign goods to reduce the gap with fees, Other countries are unjustly imposed To US products.
The highest proportions of Trump’s They will attack foreign companies that sell more goods to the United States In buyers. But economists do not share the excitement of Trump’s fees, especially because they are imported tax This is usually an impact on consumer. However, mutual fees attract other countries to the desk and reduce their own import taxes.
Will the accumulated fees go to the Public Income Fund?
Fees imports, collected When foreign goods cross the US border By the Customs Institute and Border Protection. Last year, about $ 80,000 million (72,000 million euros) this money goes to the US treasure Central government expenses. Congress has the power to determine how money is spent.
Trump, who is often supported by the Republican legislators who control the Senate and the US Representatives, wants to use the payment revenue Financial tax cuts This, according to the researchers, will benefit the rich.
In particular, they like Extend authorized line cuts In Trump’s first decree, it often expires at the end of 2025. The Non -Particon Studies Central Tax Foundation in Washington has decided to expand Trump’s financial cuts from 2025 to 2034 to 4.5 billion (4.1 billion euros) from 2025 to 2034.
Trump You want to increase the charges To compensate for lower tax collection. Another group of experts said the Finance Policy Center would provide an extension of tax cuts 2017 Continuous financial relief to Americans At all income levels, “But household families will get more beneficial.”
When will prices upload as a result of payment policy?
Depends on how companies respond to the United States and abroad, but Consumers can see how the prices usually rise After one or two months Imposing fees. In the case of some products from Mexico, prices can rise very quickly after the fees have been implemented.
Some US retailers and other importers They can absorb a portion of the price of feesAnd foreign exporters can reduce their prices to compensate for additional fees. But for many companies, the rates announced on Wednesday, 20%of the importation of Europe from Europe, will be the biggest to swallow them alone.
Can also use fees such as companies Apologies to raise prices. When Trump slapped laundry machines in 2018, subsequent studies showed that retailers raised the prices of both washing machines and dryers, although there were no new charges in dryers.
A major question in the coming months Something like this happens again. Economists worry that consumerThe largest inflation in the four decades, who lived in the back, is more habits for rising prices than before infection.
But there are also signs of Americans, Inspiring by an increase in the cost of livingThey are not ready to accept prices and simply reduce their purchases. It may prevent companies to raise prices.
What is the limit of the administration’s power to use fees?
US Constitution offers Congress The power to install fees. But for many years, the Congress has entrusted those powers through different laws. These laws refer to the circumstances that can impose White House charges, which are usually limited to cases Imports threaten national security Or seriously harmful to a particular profession.
In the past, the presidents usually imposed fees only after the public audience has done If some imports are filled with these criteria. Trump followed those measures by imposing fees on his first decree.
However, in his second post, Trump tried Use emergency powers established in the Act of 1977 To further temporarily impose fees. For example, Trump has said In Fenton that flows from Canada and Mexico It creates a national emergency and has used that excuses to impose 25% fees for goods from both countries.
The Congress may try to cancel the emergency announced by a president, and Virginia’s Democratic Senator Tim Cain proposed to make it accurately about Canada. This law can be recognized by Senate, but probably Representatives will fail in the congregation. Other bills in Congress have many possibilities to limit the power of the president to establish fees and recognize.
AdvertisementWhat charges other countries apply to US products?
US charges are usually lower than other countries. According to the World Trade Organization, the US medium -paced, actually weighing to reflect the actually marketed products, Only 2.2%, 2.7% of the EU, 3% of China and India 12%.
Other countries tend to do more than the United States Protect their farmers with higher fees. According to the trade of agricultural products, weighing US fees, for example, 4%, Compared to 8.4% of the EU12.6%in Japan, 13.1%in China and 65%in India.
WTO statistics do not calculate Trump’s latest taxes or import fees Among countries that have signed their own free trade agreementsThe US, the agreement between Mexico and Canada, allows many products to overcome the US tax -free borders.
However, the administration Trump used his own calculations to achieve huge fees For them, other economies impose on the US. For example, the White House said on Wednesday that useful EU charges in the United States are equivalent to 39%of the World Trade Organization’s statistics. According to the White House, China charges are equal to 67%.
AdvertisementPrevious American administrations They have agreed to fees describing that Trump is now unreasonable. They were the result of a long negotiation between 1986 and 1994, called ‘Ronda Uruguay’, which ended in a business contract signed by 123 countries, which created the site World trading organization For almost four decades.
