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President of the United States Donald Trump has signed a plan that unfolds increased import duties for every trading partner who taxes us, stating that he does this to bring a sense of “justice” to trade.
Sitting at the Oval Office on Thursday, Trump has identified tariffs as reciprocal, which means that the United States will automatically raise its own import taxes to match existing levels in other countries.
“During the trade, I decided for the purposes of justice that I would charge a reciprocal tariff, which means that which countries blame the United States of America, we will charge them. No more, no less, “he said.
“In almost all cases, they charge us much more than we charge them,” he added. “But these days are over.”
While experts have expressed fears that Trump's rates may come out Global trade war This would lead to rising prices, Trump has long regarded trade as a matter of winners and loser – and he claims that the United States was “very unfair” treated by its allies abroad.
Its strong relying on tariffs is also seen as a deviation from the long -standing bilateral consensus to expand the free trade agreements with other countries.
Tariffs are not expected to start on Thursday immediately, as this will require different tax increases according to the rates in different countries, a process that may take weeks.
Also on Thursday, he threatened the 10-GI block known as the Brics-Namoed with its founders Brazil, Russia, India and China-with “100 % tariff at least” if the group continues with hypothetical plans to create a common common common Currency.
It is not such a currency in the work, although BRICS leaders sailed in the past.
However, Trump has settled on a session in a session with questions and answers with reporters, accusing the BRICS leaders of wanting to “play games with the dollar.”
“If a trade passes, it will be at least a 100 % tariff,” Trump said.
The US President often uses tariffs as a means of forcing other countries to act in accordance with his priorities.
This includes suggested tariffs against Mexico and CanadaTwo of the largest and closest trading partners in the United States. In November, shortly after re-election, Trump announced that he was planning to impose a 25 percent tariffs on both sides to force them to tighten security at the US border.
Economists and politicians have warned of the crippling effects that these tariffs could have on the economies of all participating countries.
“I want to talk directly to the Americans,” said Canadian Prime Minister Justin Trudeau on February 1st.
“Tariffs against Canada will put your jobs at risk, potentially excluding US installations for automotive installations and other manufacturing facilities. They will increase the cost of you, including food in food stores and pump gas. “
Shortly after, a statement, both Mexico and Canada, made deals with the Trump team to delay the tariffs by March, in exchange for discounts such as an increase in the number of Mexican forces of the National Guard at the South Border of the United States.
Still, Trudeau and other critics called the prospect of a violation of the free trade agreements they have reached, including the United States Agreement Mexico-Canada, which was agreed during Trump's first term.
Also, during the first term of Trump, the Congress voted to expand constant normal trade relations with China.
This decision and free trade agreements were generally criticized by politicians such as senator Bernie Sanders, who claim that these policies facilitate companies to relocate factories to countries with lower salaries and reduce the rights to unite and protect the environment.
Although Trump is also critical of free trade deals, he declined to pursue typically left -wing priorities such as the promotion of collective negotiation Rights for workers.
Tariffs can also be used to protect internal sectors from foreign competition, but economists have said the strategy is more characteristic of countries working to overthrow internal industries.
They also warned that after a few decades of economic integration between the Allies, the sudden imposition of steep tariffs could lead to a serious turmoil As well as increased prices for consumers.
The Trump campaign in a life costs campaign, and since then he has warned that there may be some “pain” for consumers as a result of tariffs.