Trump announces ‘mutual’ tariffs in the world

President Trump has prepared a plan for new tariffs in the global scale on Thursday, an ambitious action and probably likely to departure of angry talks.

The President got acquainted with the new tariff levels, taking into account a number of trade barriers and other economic approaches adopted by America’s trade partners. This covers the president’s taxes, which are charged by other countries, as well as foreign products, foreign exchange rates and other behaviors.

The president said that the United States should take another step from the United States to take advantage of the United States about trade. However, he said that the last target was to force companies to return the United States.

“If you build your product in the United States, there are no tariffs,” he said during the records in the Oval office.

HOWARD Lutnick, the Secretary of Trade Secretary, said the events could be ready until April 2. Jamieson Greer will control the plan for a trade representative and other consultants.

The decision to reconsider the tariffs accused of imported goods for imported goods will demonstrate a dramatic overhaul of the global trading system. For decades, the United States has set tariff levels through negotiations in international commercial bodies as a world trade organization.

The establishment of new accounts – is more likely to be higher than what the United States accusations today – this system will only break in favor of someone identified by US officials and its criteria effectively.

Timothy Brightbill, a lawyer in Wiley, a movement towards the interaction-based tariff system “The main change in the US trade policy and more than 75 years – since the creation of the current multilateral trading system,” in 1947.

Chad Bown, the head of the Peterson Institute of Economics, said that Mr. Trump’s tariffs will violate the WTO rules in two ways. Applying various tariffs to different countries will violate the obligation of WTO members not to discriminate against each other. The United States increases the maximum extent that negotiations with other members who will break the rules of trade.

“Unilaterally, US import tariffs, products, country’s country, the country’s country, the country’s largest blow, still growing up to the trading system based on the rules, said Mr. Bown.

The activity is likely to be sent to the United States with the governments that are expanded to the United States. If other countries choose to increase their tariffs in revenge, there can also trade wars on many fronts.

White House official, who has no permission to talk for Attributia, said he would be given the opportunity to negotiate with journalists on Thursday, and other countries will be able to negotiate.

About each country will be affected, but the movement can lead to especially important results for India, Japan and the European Union. Mr. Trump and his workers have repeatedly noted the European value tax on tariffs.

Peter Navarro, the presidential adviser for trade, called VAT’s VAT’s VAT “Such Summer Children”, which is allowed to export Germany to the United States several times.

“President Trump doesn’t want to endure it,” said Navarro. “Trump exhibition and interaction plan will put an end to this exploitation of American workers.”

This Requires the European Union In most commodity and services, a standard value tax rate varies by the country, and 22 percent of the country Among the European Peoples. The tax is applied in each stage in a supply chain and the cost is usually paid by the latest consumer.

The United States A traitor among advanced economies In the absence of an added value tax to products such as cars.

Mr. Trump’s proposal represents a significant reverse in a long time in trade policy to reduce international barriers. While the former presidents often negotiate tariffs with foreign countries, these agreements were usually lowered under non-higher. No president did not accept US tariffs to increase US tariffs in accordance with the prices of Mr. Trump.

The reciprocal tariff plan is the most recent action to punish the same allies and enemies with a similar trade campaign by Mr. Trump. On Monday, the President announced an announcement that applied 25 percent tariffs in all foreign steel and aluminum. Mr. Trump will also meet to discuss cars, pharmaceutical, chips and other goods in the next four weeks of advisers.

Mr. Trump acknowledged that the reciprocal tariff plan could increase prices. This is the reason for consumers tend to pay a higher price when taxes in a higher proportion. However, the president said that any increase will be short and the plan will result in more work. “Prices can go for a short time, but prices will fall below.”

He said in a long time, “To make our country fortune.”

In the last week, Mr. Trump’s daily tariff threats have shaken diplomatic and economic ties. US has applied An additional 10 percent tariff Last week came from China on all products and in hours of putting Sweeping tariffs Canada and Mexico that brings us tariff rates To a level that has not seen since the 1940s.

President Canada and Mexico criticized the United States on drugs and migrant crossings, but agreed to leave tariffs 30 days after the countries offered him some concessions.

Reciprocal tariffs will probably expand Mr. Trump’s trade struggle to further countries. The president is seen using a strategy to make the strategy to sharpen the obstacles to imports or use strategy as a goal to make concessions from countries that open foreign markets.

Attention to the use of the legal body of the legal body of the legification, the White House official said that the president could take several times depending on the President’s national security, including the 232nd part; 301 sections related to unfair trade; and the international emergency economic forces operate.

Official Mr. Trump said that the “Universal” tariff was later exploited to reduce the US trade deficit, but later the president has then excluded the “Universal” tariff.

Mr. Trump, proposals for 2024 to interact with proposals and tariff rates applied to American products in the first period.

He often pointed out as the proof of the country’s low tariff speeds. The United States has 3 percent, lower than other countries, but still there is a medium-level rate rate in accordance with Canada, England and the European Union. In a global scale, rich countries tend to have higher tariff rates to protect less advanced industries and residential areas, less tariff rates.

However, Mr. Trump criticized other countries for the accusation of higher tariffs for higher US assessments from the United States. For example, he assessed the 10 percent of the European Union to American cars against the 2.5 percent tariff for cars sold in the other direction.

The United States has identified tariff rates for lower import of some trading partners, because for decades, US officials believed the benefits of free trade. Low tariffs believed that US consumers and factories will allow cheap product import to the raw materials for raw materials and to burn the American economy.

Mr. Trump’s views differ. The assessment of the American tariff assesses is equal to the restoration of US production and claims that higher tariffs are important to reduce trade. Some economists are not satisfiedTo argue that any effect of the actions in the currency may lead to trade failure.

Economists and historians also say that the various tariffs for each other are not the evidence of discrimination. On the contrary, when the World Trade Organization adopts maximum tariff rates in negotiations, each government reflects the priorities they accept the most tariff rates.

These negotiations allow the governments to fight higher tariff ratios on products, which are more likely to import.

Manak, a trade specialist in the Foreign Relations Specialist, said that the tariff rates are “reflected the specific country’s specific political economy”. For example, US officials discussed double-digit tariffs in the Wool Cossack and shoes to protect American manufacturers.

Other countries also protect industries, but they want to keep the tariffs down, “consumers and manufacturers have the opportunity to get a wide selection of the competitive price.”

Prof. Economy at Dartmouth College. When trade talks began in 1947, the tariffs of the countries began to cut tariffs. In the 1960s, many countries agreed to reduce all tariffs, but there was no effort to equalize certain products.

“In this case, not mutual interactions ‘not about the same amount’, ‘not’ we are not ‘we do not’ Let us equate our tariffs based on product

Increasing the US tariffs to the WTO, will disrupt the liabilities of the trade group, and other WTO members will be able to protest this campaign. However, the WTO, which is responsible for resolving such disputes, was a panel Effective Neutered In the first Trump leadership that the United States refuses to appoint a member again. Biden’s leadership continued this policy.

Jeanna smivek Contributing report.