The United States surrounded the tariff wall from midnight last night. Badly called “mutual” tariffs, Donald Trump’s wild import taxes have come into force for Donald Trump to punish his country with trade deficit countries. Its application has a way in the global trade floating line and Threatens to keep the American economy in a recession y, With her, to the world. Most of the imports are 20% for the European Union’s products and less than 104% of China, which also increases previous rates already in effect.
Trump has destroyed billions of dollars with his trade war, whose consequences are not well accounted for. Asian bags were re -opened on Wednesday, verifying that the new fees had entered. Oil and other raw materials also come strong. The White House said on Wednesday that the United States president is now ready to negotiate with each country to reach “ritual” agreements. “These countries kissed my ass,” he said later.
Investors a We have been relieved every time we talk about negotiations And the idea of ​​prevalence is cold when climbing. This Tuesday, Wall Street opened, but messages about the conversations and deals multiplied by Trump administration. However, as the day grows, the inevitable taxes and the White House repeating the White House, which will be 104% from Wednesday, White House, They disappointed investors and the market was closed. The trade war is developing and their losses are already feeling.
Trump’s trade process has a mixture of grievances, paddyism and opportunism. To some extent, the growth of the global economy has somewhat irrelevant belief that the United States has been harmed, which is rich and jealous of the world, however, inequality levels are emphasized, encouraging the discomfort of the wide layers of the population. On the other hand, there is a feeling that the tariffs will use them as a tool of negotiation and giving them the power to obtain financial and non -financial concessions.
That is true The United States trade deficit is triggered. Imports have been accelerated in the last section of 2024, to some extent Trump impose tariffs. The United States has purchased goods outside $ 3.29 billion, with a import record from Mexico, and exported 2.08 billion worth of goods. The trade deficit was $ 1,212 billion, compared to 1,062 billion 2023 and 1,173 billion 2022, the gap in the commodity trade has identified the previous record.
Trump’s defensive drive is partially illustrating the imbalance, which criticizes the high tariffs imposed by other countries on US products, as well as tariff obstacles. However, as Trump promised, mutual tariffs were not applied, but they were unilaterally counted depending on the commercial imbalance.
Last week last week, the last semester of baptizing as Trump as “Liberation Day”, The President taught a sign with high tariffs of major business partners: European Union (20%); China (34%); Japan (24%); Vietnam (46%); Taiwan (32%); India (26%); South Korea (25%); Thailand (36%); Switzerland (31%); Indonesia (32%); Among them are Brazil and the United Kingdom (10%). China’s tariff has replaced another 20% because Fentanil precedents are exported from that country. As China answered 34% of the tariff, Trump on Tuesday approved the other decree with an additional 50% of the other decree. Therefore, this midnight in terms of most Chinese imports is 104%of tariffs. In addition, Republican President Beijing has increased to 30% to 90% tariffs, for the transport of $ 800 companies such as the exemption stopped Tem and Sheen.
In search of contracts
Trump He reiterated Tuesday in an action at the White House You will be willing to discuss agreements. The President spoke of achieving $ 2,000 million with tariffs, without clear how he wants to achieve that goal or now he is collecting. “We’re going very well,” after he fell again, he removed over five billion dollars in a period of less than a week.
“We are doing very well. I call them custom deals. They are not made in the series. They are custom -Mager deals. Currently, Japan is flying here to enter into a deal. South Korea is flying here to enter a contract, some are flying here, and others are flying here.” The President said about minors, Another professions seek to improve Trump in the United States by providing facilities for coal use for electricity generation.
The only problem is that the President assured that he had not enough staff to negotiate. He talked about using a large private legal company, including some, they threatened custom decree, to make their lives impossible if they did not print ritual commitments. “We probably do it. Let us use them,” he said. “We have many countries that we want to make deals. Two years ago, or three years, or five years, they smiled at us. Now everyone is signing, but the treatment is not yet signed.
“It’s great, but we are thinking about that $ 2,000 million a day. It is a lot of money, it is a lot of money, even in the coal business, it is a lot of money. And the United States will be very rich again, you will see it very soon.”
“We have more than 70 conversations, with so many countries, everyone wants to enter. Our problem is that we cannot see much (countries) so fast, but we should do it, as they know, as they know, tariffs against us.
Trump, however, continues to start contradictory messages, perhaps the weakening of his negotiations is weakening by looking for an agreement after the loss of the economy. Therefore, a few hours later, in the beneficial gala of the Republican Congress members of the House of Representatives, he said that it was other countries seeking agreements: “We do not have to contract with them. We are happy, we have won $ 2,000 million a day, but they want to enter into a deal with us.”
Depending on the laughs and applause of his Republican fellow wearing Taxedo and bow tie, he fell straight to him: “I tell you that these countries are calling us, kissing my ass.
In addition, he insisted that he would soon impose more tariffs on the import of CE shadow products and announce weeks. “We are going to announce an important tariff on CE shadow products,” he said without giving details of the planned tax. “After we did it, they run to our country, because we are a big market. Above all, we are the biggest market.”
This type of arbitrary behavior, position changes, accepted and suspected actions and unexpected hinchic script turns increased uncertainty and braking costs and investments, clearly.
“If I don’t become president, I think this country has problems for this country as never before,” Trump said on Tuesday that it has grown in inheritance of the developing economy, which has grown at a good speed, has been able to control inflation, historically less unemployment and now trump’s financial and trade.
The tariffs came into force after Peter Navaro, one of the world’s richest and a close friend of Trump, and Peter Navaro, one of the protectiveism and the ideology of Trump’s adviser on trade matters. It is “real fool”, “darker than brick sack.” Navaro is one of those who express against the negotiations.
With the maintenance of $ 1.9 billion in the world, the world’s most important -income active manager, Trump invites investors to quickly abandon the illusion of tariff concessions. The current advertisements are facing the skeptical strategy and will soon be relieved, Pimco says, “Totions are challenged to be here.” The director of its public policies, Libby Contril, believes that you do not need to become an illusion and that the tariffs are not “posture”, Trump has taught at least on high tariffs since 1987, and his team strongly believes. Although Pimco Trump expects certain types of transactions, “investors should think more in terms of weeks, not weeks.”
The Chief Economist David Kohl of Julius Bear, “negotiations on trade agreements are complicated and have additional revenge and tariffs, but finally ended in contracts with less commercial barriers than what was announced last week.” “However, enormous uncertainty creates barriers to global growth,” he said.
