US President Donald Trump continues to sharpen his course in trade policy and, as announced, publish them. The Republican signed a corresponding regulation on Thursday. However, this has no real consequences for the time being.
Customs on vehicles must “come” soon, Trump told journalists. The retribution rates were intended to repair equal opportunities. It’s about “fairness”. Other countries can lower or abolish their rates. It would not be accepted to send goods by other country to prevent rates, added Trump.
Trump had recently ordered rates for steel and aluminum. The European Union has announced a response to this. “Immediate rates at the expense of the EU will not continue to lead to decisive and proportional countermeasures,” said EU President Ursula von der Leyen last Tuesday. How the measures will be concrete remained open for the time being.
In principle, mutual, driven mutual rates means that the United States have raised rates, where you currently ask for less than your trading partners. In the past, Trump had emphasized that they wanted to correct the store weight with these rates and accused other countries of the unfair treatments of the United States.
Now nothing is happening for the time being
The new rates will not take effect immediately. Instead, the responsible authorities have 180 days to identify the affected states and, based on this, to impose country -specific rates, said as a high -ranking consultant Trump.
The countries are taken for the first time with the highest trade deficit. The countries involved are invited to negotiate with US President Trump to prevent American rates. However, rates were able to enter into force before the deadline, the adviser said. The authorities would work at “Trump Tempo”.
The Trump consultant emphasized that it does not matter whether the planned rates are not or are strategic competitors such as China or allies such as the European Union or Japan or Korea.
Return the rates
However, the high -lying government representative also emphasized that they are also irritated in Washington by VAT, which is also subject to auto -import from the US. This varies depending on the EU member state-in Austria, it is 20 percent.
Experts assume that the United States would be the most difficult to make the vast compensatory rates actually come into effect – and not be averted in advance.
American companies are likely to change the higher costs for consumers-this this is surprising. Nevertheless, Trump always trusts rates. He also uses the punishment as a way of pressure to achieve political success in negotiations with other countries.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
