Not just Trump. Defenders of free trade in the US are dying out, Americans will not let go of duties
14. May 2025 at 14:13
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Closing is supported by Republicans.
The text originally came out on the web hn.cz
US President Donald Trump In April he increased duties to import to the United States to the highest level in more than a hundred years. It even exceeded the level of the thirties of the last century, from the age of the Great Economic Crisis.
Subsequently, Washington suspended the validity of a part of the duties for 90 days and left mainly the 10 % Customs tariff for virtually all imports. And the suspension is recently concerned with tariffs in China, agreed by American and Chinese negotiators in Geneva. However, the 10 % corporate duty is increasing the current customs wall they had around the US.
« The current business policy with aggression and form significantly deviates from anything that the US has applied over the last decades. Trumps Atak for free trade is unprecedented in this context, quite openly ignores the basic rules of international trade that, by the way, Americans have largely written. HN Michal Parízek, an expert on international trade from the Institute of Political Science Studies of the Faculty of Social Sciences of the University of Karlova.
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