Trump calls US citizens to persevere in view of his customs policy-Diepresse.com
« It will not be easy, but the end result will be historical, » writes US President Donald Trump on his online platform Truth Social. However, the critical voices are increasing.
US President Donald Trump has called for the population of his country to persevere due to the massive turbulence due to his customs policy. « Stay strong, it will not be easy, but the end result will be historical, » Trump wrote on Saturday on his online platform Truth Social. His government brings jobs and companies back to the country like never before, and there is already investments in trillion value.
Trump had imposed tariffs on imports from most countries in the world on Wednesday. A general minimum rate of ten percent came into force on Saturday, higher tariffs for dozens of states will be effective in a second step on Wednesday.
Trump’s aggressive customs policy has fueled the fear of a major trade war with serious consequences for companies and consumers worldwide. The fears of a new significant increase in consumer prices and a weakening of their own economy up to the recession are also growing within the United States. In the past few days, the stock exchange courses have fallen around the globe.
More and more concerned voices are being loud
Trump and his government represent this as temporary turbulence, from which the US economy will ultimately emerge strengthened. « This is an economic revolution and we will win, » said the Republican on Saturday at Truth Social. Trump claims to strengthen the domestic economy with the tariffs and bring more production into the country.
However, individual concerns are now being loud even within Trump’s own party. The Republican Senator Ted Cruz warned that the new tariffs could « cost jobs and hurt America ». If the United States plunges into a recession as a result of Trump’s customs policy, the congress intermediate elections would « probably a bloodbath » for the Republicans in the coming year, Cruz – actually a Trump loyalist – said in his podcast.
« California is not Washington, DC »
The opposition Democrats, who had been paralyzed for a long time after Trump’s election victory in November and his took office in January, use the tariffs for increased attacks against the president. The leader of the Democrats in the Senate, Chuck Schumer, said on Friday evening in a parliamentary debate that the tariffs were « one of the stupidest things that President Trump has ever done as president – and that means something ».
California governor Gavin Newsom announced that his state wanted to avoid tariffs. « California is not Washington DC, » said the Democrat in a video message.
The customs duties of ten percent added on Saturday add up to existing tariffs. Strategically important goods such as medicines and semiconductors are excluded for the United States. Also not affected by the new taxes are steel, aluminum and cars, for which the Trump government already apply to 25 percent.
Trump: « China has been hit much harder than the USA »
From Wednesday, 60 trading partners, including the EU, Japan and China, will be occupied with even higher tariffs. A general 20 percent serve applies to imports from the European Union.
For Chinese imports, additional tariffs of 34 percent should even come into force, which then adds 54 percent with previous surcharges on China. In his part, Beijing already announced additional tariffs of 34 percent against the United States.
Trump wrote Truth on Truth: « China has been hit much harder than the United States. » China and « many other nations » had « badly » treated the USA, but that is over now. In view of the US trade deficit, Trump accuses the international trading partners of « pulling over the table ». (APA/AFP)
