Wyatt by Grantham-Phillips
Like the US President’s Trade Wars Donald Trump Continue to escalate, all eyes are Wednesday.
Trump has repeatedly called on April 2 “Freedom Day” Collect a number of tariffs or Taxes on import He says it will execute the United States from relying on foreign goods from other countries. To do this, he said Trump would apply “Mutual” tariffs To adapt to the tasks instructing other countries to US products.
However, it is not a lot of how these payments will be implemented. White House spokesman Caroline Leavitt, Trump, Monday Trump, opened a plans to place reciprocal tariffs on Wednesday, but the details were until the president.
Proof of Trump’ın just after starting the office in just months ago aggressive With tariff threats, while creating all the feeling of whip again, trading actions again. This week is possible that we will see more delays or confusion.
Trump claimed that the tariffs protected the US areas from unfair foreign competition and provide money for the federal government and demanding the concessions of other countries. However, economists stressed that extensive tariffs can be retreated in the rates offered by Trump.
Tariffs usually have a lot to lose in the consumer and worldwide institutions through higher prices and if their sales fall. Import taxes are combined with uncertainty around future commercial actions and possible retaliations Roailed Financial Markets and The consumer has lowered confidence During the assessment Most of the questions can be hired and delay investment.
Here’s what you need to know.
What will happen on April 2?
Details around Trump’s plans remain uncertain. Interaction tariffs, such as all the goods from each country, or perhaps, may be the tasks of product-product within something, or more widely “average”. Prices can reflect what other countries, as well as value taxes and households are of subsidies and subsidies.
White House Trade Advisor Peter Navarro “Fox News Sunday,” said the tariffs could collect $ 600 billion each year, which can also express 20% levels.
Trump, European Union, South Korea, Brazil and India, between other countries, talked about taxes through these payments. On Monday, Leavitt said that Trump’s consultants presented several proposals. He added that the president’s final decision, but no country has taken into account extensive exemptions from the tariffs.
Previously delayed import taxes have come into force very soon. Many delays of Trump for many goods from Canada and Mexico are set to eliminate in early April. Before this month, Trump Social Media Platform wrote about the truths The extension given to Mexico imported in the US-Mexican-Canada agreement lasts until April 2. However, since today, it has not been confirmed by a particular date.
Which of the Trump’s tariffs is about to start?
Trump said that 25% tariffs to all imports Any country from Venezuela oil or gasThe United States itself is included in Wednesday – along with new tariffs in South America.
Her 25% tariffs in automatic imports On Thursday, in full-imported cars in the middle of the night will be collected with taxes. Tariffs are preparing to expand to automatic parts applicable in the coming weeks.
The White House will earn $ 100 billion a year from these new tasks, but economists say this trading activity Update the global supply chain of the automotive industry and causes that Higher prices for consumers.
Which tariffs have already taken into force?
Trump applied 10% tariff Imports of all Chinese Starting February 4, then a dial 20% to increase after March 4. China and China, a number of revenge tariffs covering US goods, 15% of charcoal and liquefied natural gas products and 10% of crude oil riding into force Feb 10. China has launched up to 15% tariffs in the main US farm exports March 10.
Trump’s expanded steel and aluminum tariffs took effect in the beginning of this month. Both metals are already Taxed in 25% On board – by order of Trump to delete steel freedom and increase the collection of aluminum 2018 import tax previously applied influence March 12.
The two largest trading partners of America met with Canadian and Mexico and steep tariffs. At the beginning of this month, Trump applied a Partial, monthly delay her 25% Tariffs Postponement of taxes for goods in accordance with the 2020 US Mexican-Canadian agreement to the 2020 US-Mexican-Canada agreement in both countries – automatically related import.
However, other imports are still caught, as well as potash and 10% lower than 10% of Canadian energy products. In response to these tariffs, new steel and aluminum import taxes spread in a number of Canada meter Measures worth billions of dollars worth of US goods. Mexico, meanwhile, it has to be officially a new dial – it may hope to reduce the trade war, although the country Promised revenge before to Trump’s actions.
Can we expect additional tariffs on the road?
More tariffs than Trump are probably threatening import taxes to products such as president nail, spitPharmaceutical drugs and computer chips.
And many countries have promised credentials – if you do not apply them as Canada already. Trump said he would not hold talks with other countries after applying Tariffs on Wednesday, although there will be 25% tax in the cars.
In response to Trump’s steel and aluminum tariffs, the European Union Measures have been announced US goods worth 26 billion euros ($ 28 billion), but also American beef, poultry, bourbon, motorcycle, peanut butter and jeans. The 27-member blocked this revenge intended to distribute trade trading activities in two stages, Tuesday and April 13, but later he said cause to delay Until the middle of April without giving a certain date.
We will see more revenge ads this week, especially if Trump confirms more details of mutual tariffs on Wednesday, we will see more revenge ads.
