President Trump said that both mutual and sectoral definitions will enter into force on April 2, along with new duties on vehicles. He also emphasized that the customs tariff for American steel and aluminum will move forward without any exemptions.
Trump certain The mutual and sectoral definitions, starting from the beginning of next month, will target trading partners, including China and India. According to journalists on one air force, he excluded exemptions from the steel and aluminum tariffs. The proposed tariff measures aim to address trade imbalances by imposing duties equivalent to those who were imposed on American exports.
Trump previously said that his administration was preparing for what he called mutual definitions-which would reach imports from each country at a specific tariff rate based on an account that includes his own tariff barriers and non-governmental obstacles.
According to Bloomberg, notes indicated that Trump is planning to move forward with a more aggressive tariff system despite the initial moves “homogeneous financial markets and tense alliances”.
Trump says the definitions will apply to both friends and enemies without exemption
Yahoo Finance stated that President Trump’s tariff reinstalls US trade policy and reforms contracts of free trade agreements with friends and enemies alike. Trump said he would impose broad definitions on a large scale and a sector that begins early next month. He also told reporters on the Air Force one that both types of Foreign goods imported to the United States will be placed
According to Trump, April 2 will be a free day for the United States because the country “will return to some of the wealth that the presidents gave very fools because they had no idea what they were doing.”
The president also said he wanted to prepare major American industries, including cars, steel, aluminum, fine treatments and pharmaceutical preparations. However, whether the sectoral tariffs will be combined into the mutual tariff system or added to the mutual tariff system.
“They receive us, and we charge them. Then, in addition, on cars, on steel, on aluminum, we will have some additional definitions.”
The Trump administration imposed a 25 % tariff on all steel and aluminum imports on Wednesday, which affected Europe, along with Canada, Mexico and others. However, the president After that, he offered a one -month extension of the goods compatible with the trade deal in North America “USMCA” that was negotiated during his first term. Trump also said that Canadian energy and potash, the main fertilizer, will only strike a 10 % tax.
The European Union (the European Union) took revenge on the target fees on American goods starting in April, and Canada also responded to the retaliatory tariffs.
Trump’s promises of definitions will make America rich again
Trump promised to enter the “Golden Age of America” ​​through a set of customs tariffs, tax discounts, government regulations, and spending. He boasted that the momentum, spirit, pride, and confidence of America returned until a few weeks after his presidency. A new customs tariff on goods is one of the largest commercial partners in America, Mexico, Canada and China – countries that represent about 40 % of American exports and 42 % of imports – valid on the same day as the advertisement.
The president argued that the definitions were about making America rich and great again. He added that the measures were necessary to restore fairness in trade, restart manufacturing, create jobs, and help achieve geopolitical goals. Trump criticized countries such as the European Union, China, Brazil and India for imposing a higher tariff on American goods, and the current system was considered unfair.
However, Investing.com indicated that the imminent definitions have raised global concerns about the escalation of commercial tensions and possible reprisal measures of affected countries.
Trump talked about great gains from the customs tariff, saying that the revival of manufacturing of $ 1.7 trillion was underway, and he paved the way for large foreign investments that had not landed in the United States.
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