US President Donald Trump says he is doing so in order to bring “fairness” to commerce by signing plans for increasing import tariffs on all trading partners who impose taxes on US imports.
Trump sat in an elliptical office on Thursday and explained that tariffs were interaction. This means that the United States will automatically raise its own income tax according to the existing level of other countries.
“In trade, I made a decision for fairness to claim mutual tariffs. It’s no longer, ”he said.
“In almost all cases, they claim much more than we claim,” he added. “But that time is over.”
Experts have raised concerns that Trump’s tariffs can begin a global trade war that will increase prices, but Trump has long regarded trade as a winner and loser. Overseas allies.
His great dependence on tariffs was also believed to be out of the long -term agreement on the expansion of free trade agreements with other countries.
Thursday’s tariffs are expected to begin immediately because they need to set up other tax hikes according to the charges of other countries.
Also on Thursday, he threatened a block of 10 countries known as BRICS, a founding member of Brazil, Russia, India and China. call.
Even though the BRICS leaders have made the possibility of the past, such a call does not work.
Nevertheless, Trump fell into the outlook in the questions and answers sessions with journalists.
Trump said, “If the transaction progresses, it will be at least 100 %tariffs.
The US president often used tariffs as a means of force another country to act according to his priority.
This includes the proposed tariffs on Mexico and Canada, two of the largest trading partners in the United States. Immediately after the re -election in November, Trump announced that it plans to impose 25 %tariffs on both countries to strengthen security along the US border.
Both economists and politicians warned of the impact on all countries related to tariffs.
Canadian Prime Minister Justin Trudeau said on February 1, “I want to talk directly with Americans.”
“Tares on Canada will be dangerous and can potentially close US automotive assembly plants and other manufacturing facilities. They will increase costs, including food from groceries and gas of pumps. ”
Immediately after the statement, Mexico and Canada dealed with the Trump team to delay tariffs by March, with concessions such as the increase in the number of Mexican defense troops on the southern border of the United States.
Nevertheless, Trudeau and other critics urged the prospect of tariffs of the free trade agreement, including the US-Mexico-Canadian contract, which was negotiated during the first term of Trump.
Also, during Trump’s first term, Congress voted to expand its permanent normal trade relationship with China.
The decision and the free trade agreement were generally criticized by politicians such as Senator Bernie Sanders, which allowed companies to relocate factories more easily to countries with low wages and reduce union rights and environmental protection. It was.
Trump was also critical of free trade transactions, but he generally did not pursue left -wing priorities, such as promoting collective bargaining rights for workers.
Targets can also be used to protect the domestic sector in foreign competition, but economists say that the strategy of the country is more common to start the domestic industry.
They also warned that after decades of economic integration among allies, the sudden imposition of steep tariffs could lead to serious economic turmoil and increased prices of consumers.
Trump has campaigned to lower the cost of living and warned consumers that “pain” as a result of tariffs.
