US President Donald Trump promises rates for all imports of agriculture. “From 2 April, rates will be collected on external products. Have fun!
“To the large farmers of the United States: Get ready to produce many agricultural products that have to be sold in the United States,” he wrote on his online language tube Truth Social.
Unclear whether rates should apply worldwide
It was open whether the rates should apply to imports from all countries worldwide – or whether there are exceptions to certain trading partners. Trump regularly uses customs limit threats as negotiating tactics to force concessions.
The Republican had announced several rates in recent weeks – but some of them were suspended again.
Time and again announcements of rates
Trump, at the beginning of February, was only a few hours before the criminal rates of 25 percent on goods from Mexico and Canada, who were threatened to enter into force, to the concessions of the neighbors, especially when it comes to border protection. For this he used the trade restrictions for at least 30 days. However, rates for goods from China were imposed. For mutual rates for goods from different countries, he also mentioned the date 2 April in the past.
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.
