Trump’s rates only took a few minutes
President Donald Trump has announced that he will postpone the imposition of the new tariff scheme for 90 days. The US will do this in relationships with countries that have not increased US imports, which reaction to customs taxes announced by Donald Trump on April 2.
The announcement was made by Donald Trump a few minutes after the mutual rates announced on April 2 had entered into force.
Exception is China, which announced 84% rates for American products. « Given the lack of respect that China has shown to world markets, I increase the fare applied to China by 125%, with immediate effect, » Trump wrote on the X. « At one point, let’s hope that China will realize that the days when the US has robbed and other countries are no longer acceptable. »
But what will happen to the EU and Canada, who announced a tariff response to the US a few hours before Donald Trump’s announcement? Will President Trump consider that the EU has responded or just threw a word in the wind?
American markets exploded after the announcement made by Donald Trump, registering a spectacular 7-9%increase.
Trump wrote on X: “Given that more than 75 governments contacted the United States, including the departments of trade, treasury and US trade representative, to negotiate a solution to trade, commercial barriers, rates, currency handling and non -monetary rates, taking into account that these countries, not in any way A kind to the USA, we authorized a 90 -day break and a substantial reduction in mutual tariffs during this period, at 10%, with immediate effect.
On Wednesday, the EU decided to impose dollars’ 22 billion in the amount of American products – from Harley motorcycles, to soy, tobacco, fruits. Not a few publications in Europe have shown that it is not recommended for the EU to respond. With a commercial surplus of 200 billion euros annually with the United States, the EU is much more vulnerable in a commercial war with the US, it has more to lose. « Then we know that Donald Trump does not like to be threatened. He could increase the rates by 10, 20, maybe even 100%, as he did with China when he tried the same tactic that is considered. The result would be much worse for European companies than now. »
« Europe’s most intelligent movement would be to reassure this conflict. The EU could ignore Trump’s rates and try to help European companies go over this time. Moreover, it could even try to cancel the US products, such as 10% for cars. This would give Trump. It can be the only way to get out of this mess, ”writes spectator.
