“A 40 -Year -Old Mania” … a long fan with Trump and customs duties
Since the end of the 1970s, the great businessman US President Donald Trump has expressed his belief in the importance of customs duties on countries that use the United States on several occasions.
According to Washington’s report, before Trump’s recent planning seeds for customs duties, and in political work, for about 40 years ago.
Thanks to his long career in the real estate sector, Trump grew up with a view of belief in many of his wealthy foreign clients, to benefit others from his markets and exploit it. He blamed the American policy for allowing this robbery.
Now, Trump has been trying to test this integrity of his theory in the world, because a few days ago, in a state of disturbance in the world markets, he applied expensive customs duties on dozens of countries in a situation in the world, and raised a lot of concerns about the possibility of a global economic recession, thereby hindering for the dominance of 90 days.
Failure to understand world trade
Customs functions surprised many investors, many moved to sell their shares, one of the biggest market decline in the years. World leaders were also surprised, and 70 of them were called the White House to hold meetings with Trump or exempt from these fees.
Many American investors, companies and republican supporters of Trump also believe that the President does not understand how global trade is working, as it is “exploited”, as other countries get the US dollar, but at the same time Americans get the products they want.
“The President loses the confidence of business leaders around the world.”
The country is 100% behind the president in addressing the world’s tibial system, which is negative for the country. But, business depends on the game and faith trust. Precident @realdonalDtrump The tariff problem has been increased to the most important geographical politics …
– Bill Akman (ILL Billacman) April 6, 2025
He said: By imposing huge and non -confidential customs duties on our friends and enemies, we are in the process of destroying faith in our country as a commercial partner.
A 40 -YEAR -LD Mania
As a result, former US Treasury Secretary Larry Samurs on Sunday, “This week” at the event, in ABC News: “This is the moment of testing for president’s consultants.” He said: “Those who have intellectual integrity have realized that it will reflect the presidential siege that has lasted for 40 years, and is not a proven economic theory.”
However, the American president stressed that this phase would support its country and increase its financial position.
During an official dinner on Tuesday evening he told the Republicans at the House of Representatives: “We have to put America in the first place. Keep America in the first place.”
Trump said at the election meeting in Warren in Michigan in November 2024: “The most beautiful word in my dictionary is the customs dictionary. I think this is a very beautiful word. You will enrich our country.”
The White House spokesman Caroline Lewit, a few days ago, said that the new approach was “extreme change”, which was what Trump wanted.
“The President will focus on rebuilding the global economy and rebuilding the local economy,” she said. The politicians in this city have not seen the president who has actually prepared to take steps to implement such a change in modern history. ”
Trump’s first province
Trump’s first presidential state was also classified by customs duties, especially on China. But many obstacles, who attended eight years ago, advised many cabinet members who challenged his views and to take a different way, no longer existed and were replaced by people who had been mostly accepted with his view.
The White House officials also stressed that the conditions have changed, the US economy has become strong, and it can withstand the dilemma required by its plans, which economists suspect.
“Throughout his career, if we go back to interviews with President Trump in the 1970s, he is interested in this problem.”
“In the 1980s, he warned Japan about all our important industries at that time and warned for years without losing our auto industry.”
Trump’s focus on the international economy for decades
For some time, Trump was crystallized by the sales of housing units in the Trump Tower, as he wrote in his 1987 book “The Art of the Deal”. Buyers of many countries, including South America, Mexico and Japan, arrived when their economies were strong and the dollar was weak.
He wrote: «they rarely smiled, and they were very serious, they didn’t make fun of the business. Fortunately, they have a lot of money to spend, and they prefer real estate. ”
He continued: “Unfortunately, for decades they become very rich by cheating the United States with selfish trade policy. Our politicians could not understand it completely or face it.”
Trump says that these countries are “using the United States”, complaining that the American army is focusing on spending for military protection, “Japan spends money to build a strong and important economy with unprecedented surplus.”
He wrote: “They have led taxes on these rich countries, they have concluded our massive financial deficit, reduced our taxes, and called for the US economy to rise without the cost of paying their liberty to easily pay their defense prices.
At a meeting with the famous anchor Opra in 1988, Trump said: “If you go to Japan now, and you try to sell anything, opera. They will completely forget me, they come here, sell their cars and video recording equipment and destroy our companies.”
At that time, now, Trump did not blame foreign countries for exploiting favorable policies. Instead, he blamed the United States leaders for allowing him to happen.
He said at the 1989 aviation meeting: “Why are we so stupid? We are satisfied with these people, and the end result is that they do not respect us.
Trump also spoke in the past, not limited to opponents, but also “there are allies who use suitable diplomatic relations to make profits,” there are no friends in the world economy, but only competitors. “
