US Declaration of Economic Independence, EU and the Council in Fear

« For decades, our country has been stealing and robbing nearby and distant countries, both friends and enemies, » the US President announced the ambitious criminal customs to the whole world and especially the great violators Donald Trump. “We had American dreams that we no longer hear about. Our country and our taxpayers have been eliminated for over fifty years. But this will be gone. ”Today we are getting up for American workers and puting America first, he added.

The countries of the European Union will hit twenty percent of the criminal customs duties, and the Republican champion claimed that he was still good at it and other countries. According to him, according to him, US products with customs and non -core trade obstacles charge an additional 39 percent of the price, it will halve it itself. However, it is not yet clear to connoisseurs whether the 20 -percent criminal customs duties on the entire EU exports in the US are the final number or will have to be added. The basic ten percent criminal customs duties will come into force on Saturday, higher reciprocal next Wednesday. Already at midnight after East American time, 25 percent customs duties on all automotive imports in the United States will take effect.

Even worse than the EU will go to China, which is 67 percent customs for US products for 34 percent on all US exports, and will also punish countries as Vietnam and Cambodia, which, according to Republican belief, are only a platform for exporting Chinese products in the US. Similar to opponents, he punished partners as Japan and South Korea, with 31 percent of criminal customs, he punished Switzerland in Europe, with ten percent of Britain, which has a trade deficit with the US, and so on from the long list he presented in the White House Rose Garden.

The Republican Administration estimates that non -Carine obstacles are even worse than customs to US trading, including currency manipulation, export subsidies, administrative and technical obstacles and theft of intellectual property. « Tomorrow a different period, the regulation after World War II no longer corresponds to our times and economic position, » the Republican president’s high economic advisers said. The idea in the background is to treat other countries, as the US treats, this is supposed to be a new golden rule for the new golden period of the US industry and prosperity.

Trump showed a list of criminal customs duties on foreign exports in the US. Photo: Brendan Smialowski/AFP

« This country went on an unbearable path and President Trump was the only president with a sufficiently solid spine to rise to the allies and opponents, and said: We must balance the rules of the game! » The US Stock Exchange closed their doors before Trump’s announcement, which did not prevent the announcement of the steep falls of stock market values. Many are also afraid of the international economy we have known in the past decades, as well as the increase in American prices for countless products. This is supposed to be felt by US consumers on their wallets.

Trump and his allies, however, believe that shocks will only be short -term, in the middle and long run, customs are supposed to help the US economy and all of society. They are intended to strengthen the production of everything from cars onwards, and American workers are expected to get a job instead of foreigners who now create many products for the US market. Republican Washington expects many countries to offer customs duties for US products.

Production of Volkswagen cars in Emdno, how much will it have to move to the US now? Photo: Fabian Bimmer/AFP

And indeed, Israel has already offered to announce all customs duties on US products in the belief that this will strengthen competitiveness and alliance between the two countries. Even the Prime Minister of the Canadian province of Ontario came with the same offer Doug Fordwhich had previously threatened the United States with destruction. Trump, however, by connecting Canada as 51. The United States of the United States. He now wants to cooperate to create « two richest and safe countries in the world. » If there are no more such offers, Trump’s White House is supposed to receive funds for tax reduction, perhaps even to abolish personal income tax. According to Trump’s advisor Petra Navarra The US Treasury will earn around $ 700 billion a year, of which hundred billion is from customs for foreign cars.

Trump also celebrates a number of direct investment offers from the hundreds of billions of Taiwanese manufacturer of the most advanced TSMC semiconductors up to $ 21 billion in the South Korean car manufacturer Hyundai and many more. Customs are also supposed to help American farmers. Some of the agricultural products they are importing now are indeed tied to the climate, and many others directly undermine US farmers and require state aid for them. Part of the high agricultural subsidies is now that farmers do not plant or cultivate livestock and if so on. According to the current administration in crisis or war, the United States will not have enough food for its population, but also not enough production for other urgent supplies. How they depend on China was shown by the lack of the most urgent things at the beginning of the Covida-19 pandemic.

European Central Bank President Christine Lagarde has warned against the consequences of US criminal duties. Photo: Daniel Roland/AFP

According to Bloomberg Chinese authorities, they have been holding permits to invest their companies in the US for weeks and are considering other counterparts. One of Trump’s biggest targets is the European Union, which led by high trade surpluses with Germany, led by the United States and charges higher customs for many US products than vice versa. President of the European Central Bank Christine Lagarde She has previously warned Trump’s administration against the negative economic consequences for the global economy, including those who have high customs. “It will be upset by the trade council we know.” She also warned against reducing economic growth and increasing inflation. « Europe has not triggered this confrontation, » she noted, adding that they would, if necessary, respond with countermeasures.