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Donald Trump announced a drastic plan to impose “mutual” tariffs on America’s biggest trading partner on Thursday, telling greater disruption for the global economy.
On the broadside of US allies and enemies, Trump will come up with new tariffs on a “country-by-count” basis in retaliation for taxes, regulations and subsidies deemed unfair by Washington. I’ve given you instructions.
White House officials and Trump warned that trading partners Brazil, India, Japan, Canada and the EU are at risk of new tariffs.
But officials said the administration will first look into countries with the largest trade deficits, including Mexico and China, before imposing new taxes.
“I have decided to charge mutual duties for a fair purpose. “Although almost every case they charge far more than we charge them, That day is over.”
Trump’s mutual tariff plans, which could be imposed on April 2, accelerate efforts in capitals around the world to begin negotiations with Washington to prevent Levis implementation .
His latest tariff plan moved to change the geopolitical landscape with a new push to end the war in Ukraine with a call to Russian President Vladimir Putin and Ukrainian President Voldimi Zelensky 1 It was revealed in the week.
When he hosted India’s prime minister, Narendra Modi, Trump criticized the traditional US allies for appearing to be spreading olive branches to strategic enemies such as China and Russia. Trump invited Russia to rejoin the G7 group of wealthy countries after being suspended indefinitely over the annexation of Crimea in 2014.
“That’s not a question of whether you like Russia or not,” Trump told reporters in his oval office. “You only talk about Russia, they should sit at the table. Putin wants to come back.”
Trump rattles European allies by setting up a direct meeting between Washington and Moscow to mediate peace in Ukraine. Pete Hegses. The US Secretary of Defense had already rejected Ukrainian ambitions to re-join and reclaim all the territory Russia had before annexing Crimea.
Trump said he would include Kiev in negotiations with Putin to end the war. However, he added that he will hold additional talks with China and Russia over defense spending to lower the US $8500 billion defence budget.
He thought the US and China had a “very good relationship” and said, “I think China is a very important player in the world. [Beijing] It can help us to take over this war between Ukraine and Russia. ”
Trump’s comments contrast in stark contrast to those created on Thursday by his top US military commanders in the Indo-Pacific, known as the “new axis of dictatorship.”
The president had particularly sharp words about the EU, describing his long-term US allies as “very troublesome.” He criticized Bullock for his VAT system, digital services tax, and for his efforts to cut down on the court’s high-tech American companies.
“The European Union is very tough for our company,” Trump said. “They sued Apple, they sued Google, they sued Facebook, they sued many other companies, they’re American companies. The court system over there isn’t much good for us.”
During a meeting at the White House, Trump welcomed Modi as a “very special man” and talked about the “special bond” between India and the United States.
However, he also criticized New Delhi for being a high tariff and announced measures to increase US oil, gas and defence sales to India with the aim of reducing the deficit exceeding $35 billion last year. I did.
Trump said he and Modi will “start negotiations to address the long-term disparities that they would have been caring for over the past four years,” with the aim of signing a trade deal.
White House officials said different legal powers could be used to enforce taxation such as Section 301 of the Trade Act and the International Emergency Economic Force Act to avoid Congress.
Trump said he intends to issue more tariffs on cars, tips and drugs “up” and “over the width.” He has already applied a 10% tax on all Chinese imports, but a 25% tariff on all steel and aluminum imports is expected to take effect next month.
Additional Reports from John Reed of Delhi
