The White House confirmed that US President Donald Trump will impose a new tariff this week, but it has not provided any details about the size and scope of the measures that sparked concerns about an intense global trade war.
Trump kept his competitors and allies alike to guess around who will target the amount, but he promised to be “very nice” when the definitions were announced on Wednesday, which was called “Tahrir’s Day”. In recent weeks, many customs tariffs have been presented, and then quickly changed them.
Global stocks remained volatile before the so -called “mutual definitions”, which Trump says is necessary to combat unfair commercial imbalances with countries targeting the United States.
White House press secretary Caroline Levit said on Tuesday that the Trump tariff would enter into force as soon as it was on Wednesday.
The Republican leader, a defender of customs tariffs for decades, said on Monday night that he had “settled” a plan, but he refused to reveal his details.
Trump only said that the customs tariff will be less than what other countries of the United States will ship, adding that “we have a kind of global commitment, perhaps.”
“We will be very nice, relatively, we will be very nice,” he said.
Trump is scheduled to hold a press conference, called “Make the wealthy America again”, at the White House at 4 pm local time (20:00 GMT) on Wednesday.
On Tuesday, Trump urged his Republican Republican co -Senate to vote against a measure to cancel the tariff policy against Canada, which he linked to Ventanil’s “emergency”.
“Republicans in the Senate must vote to preserve the national emergency in place,” Trump wrote to a position on his social media platform.
Republicans have a majority of the Senate, but Tim Kane – the Democratic that presented the proposed legislation – suggested that the bill has an opportunity to pass.
“There are still many ongoing discussions and many voices that are still playing,” Kane told reporters. “Often in the Senate, everything can be predicted somewhat. This is what is not particularly predictable.”
Kane also pushed back against Trump’s claim that the flow of drugs of drugs from Canada requires an emergency advertisement.
According to US government data, only 19.5 kg (43 lbs) of fentanel were seized on the Canadian border last year, compared to 9333 kg (21,900 pounds) on the border with Mexico.
The trade war waved on the horizon
Roselland Jordan of the island, which was reported by Washington, DC, said that the entire global economy could be exposed to what experts call a huge commercial war.
Jordan indicated that Trump said that it aims to restore American manufacturing, which decreased in the era of globalization, with free trade agreements such as the North America’s Free Trade Agreement (NAFTA) that transferred many industries to Mexico and Canada.
“In the end, much of this manufacturing abroad went to China, to Southeast Asia and India,” added Jordan.
“Now whether the United States will continue the 25 percent definitions it promised against Canada, Mexico and Europe, including the United Kingdom, it still should be seen.”
Trump’s strategy risk raising a series of reaction by major trading partners such as China, Canada and the European Union.
The neighbors of America Canada and Mexico were already preparing, but they wrestled with uncertainty.
Mexican President Claudia Shinbom said on Tuesday that there will be no “eye eye” approach where the new countries are coordinated for the new American import mathematics this week.
Canadian Prime Minister Mark Carney promised the definitions against American products that would have “maximum impact in the United States” and the minimum effects on Canadians.
On Tuesday, Carney’s office said it had received a call with Shinbaum to discuss “the importance of building on the strong relationship of trade and investment between [their] Two countries.
If enact, the definitions will deal with a huge economic blow to both countries, which are in a free trade agreement with the United States, the United States, Mexico-Canada (USMCA) agreement-a modified version of Nava that Trump negotiated in 2020.
The threat in the trade war increased political excitement, as it was scheduled to dominate how to deal with Trump, who also called on the United States to include the United States, which angered its northern neighbor.
“We have the ability to pay”
North America tensions have exceeded. The European Union, which Trump accused of trying to “SCR **” the United States, said on Tuesday that he is still hoping to negotiate a solution – but “all tools are on the table” to take revenge if necessary.
“We have the largest unified market in the world, we have the power to negotiate, and we have the ability to retreat,” said European Commission President Ursula von der Layin on Tuesday.
“The people of Europe must know that we will always work to promote and defend our interests and values, and we will always defend Europe.”
For his part, UK Prime Minister Kiir Starmer spoke with Trump about “productive negotiations” towards a trade deal in the United Kingdom.
Vietnam said on Tuesday that she would duties on a group of goods to go to the Trump tariff.
The Wall Street Journal reported that the US President’s advisers had imposed a 20 percent global tariff to hit almost all trading partners in the United States, while the White House suggested on Monday that they might be “specific to the country.”
Trump, who started his second term in his post in January, claimed that the definitions will lead a “new birth” to the United States as a giant in manufacturing and prevent them from “collapse”.
Volatile
Wall Street was immersed on Tuesday, but European and Asian stock markets rose as investors waited nervously to the advertisement. Safe gold did not touch a new record.
American stocks on the S&P 500 and NASDAQ indicators are now four worse since 2022. American manufacturing decreased again in March amid uncertainty.
Trump’s threatening definitions pushed other goals to encourage themselves. China, South Korea and Japan have formed a rare weekend alliance, as it agreed to strengthen free trade between them.
Trump has already imposed a set of definitions on the main economic competitors since his return to the White House.
Last week, a 25 percent tariff was announced on all car imports, while a 25 percent tariff on steel and aluminum from all over the world entered into force in mid -March.
In March, China was exposed to an additional 20 percent tariff for all goods, which led to retaliatory duties of Beijing. The European Union is special measures to start in mid -April.
However, Trump has delayed definitions of all goods from Canada and Mexico.
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