US President Donald Trump announced on Wednesday to promote his election campaign to the United States with the intention of initiating a “golden age” to sign an administrative order for “mutual customs fees” around the world, but it may cause a decline in the global economy.
In his describing “Tahrir Day,” Trump said in a speech in the White House garden, “Within a few minutes I will sign a historic administration, which imposes mutual habits in the world.”
He added, “Mutual maps mean: what they are doing with us. It is so easy to be easier than that,” this is one of the most important days in American history. “
Trump will be charged from his country’s China and charges 34% of the EU’s most important trading partners, the EU.
He emphasized that in many countries will be charged minimum customs duties, other countries will pay higher fees, 31%for Switzerland, 24%for Japan and 26%for India.
In his long speech, the Republican president declared his decision to be the “Economic Independence of the United States” and its “Independence Day”.
The billionaire of the Republican Party launched a violent attack on all business partners of his country, considering that they had exploited it economically for decades, by imposing excessive customs duty on themselves.
It fears that new fees will be a heavy burden on the world economy. By 2024, the US imported about $ 3300 billion.
Talking about his business partners, especially Mexico and Canada, “We support many countries and maintain their continued performance and their continued work. Why are we doing this? Ie, when do we say that you are working for you?”
“Business deficit is no longer an economic issue, but it has become a national emergency,” Trump added.
Trump raised a flat showing new customs duties imposed on most countries. The maps of the sketch were 10 to 50 %.
Based on some exceptions and the Trump -educated schedule, the average customs duties imposed on most of the United States have reached half of these countries.
The table showed that there were some exceptions imposed on equal rates imposed by the US states.
“The charges are not fully awaited … they are somewhat opposite.”
The rates of new customs obligations offered by Trump varies from one country to another and from 10 to 50 %.
After Trump started his speech, the US dollar fell 1% against the euro.
In a statement on Wednesday on Irish Radio, the European Central Bank, Christine Lacard, will announce “Trump will not be for the benefit of the world economy, but for the benefit of the customs duties or those who respond to customs duties.
“The costs of trade war are not accepted by one party, but their costs may become very much on both sides,” German government spokesman Stephen Hipstraid said. (Agencies)
