According to financial experts, the enormous customs lady for foreign products have even exceeded the worst fears by US President Donald Trump. A real slaughter took place on Thursday at the global stock exchanges. On Friday there is also a dark mood in the international markets. Of course American companies also suffer. Trump himself is satisfied with his “liberation” for the United States. His trade minister is also delighted (see video above).
“I think things are going very well,” the American president told media representatives on Thursday afternoon when he was apart from the White House to one of his golf clubs in Florida. “This is a big thing. Six to seven trillion dollars are now flowing to us. We have never seen anything like that. The markets, the stock market and the country will experience a flourish,” Trump praised himself on the highest tones.
The biggest shock since Corona Pandemic
Elsewhere you be booming for the biggest shock since Corona Pandemic. Crystalina Georgieva, head of the International Monetary Fund, warned a significant risk to the global economy. “We are still evaluating the macro -economic effects of the announced customs measures, but they are clearly a significant risk of global prospects in slow growth,” said Georgieva in her statement about the risks.
The World Trade Organization (WTO) fears a decrease in global goods by one percent. This corresponds to a correction of the latest prediction with four percentage points, said WTO boss Ngozi Okonjo-Iweala in Geneva. She said deeply worried. The situation could escalate with possible retribution for a customs war, which would then further influence trade.
It was clear in advance: the United States has a trade deficit for goods of $ 1200 billion compared to the rest of the world. Accordingly, all States must be affected accordingly to make imports in the US more expensive and therefore prefer US producers. The customs ik varies from ten to 50 percent for “unfriendly states” in particular. Trump set the number of 20 percent for the EU. 25 percent is due to imported cars and car parts.
Meet Europe as hard as the rates
The Vienna Economic Research Institute Wiiw has calculated how much Europe as a whole is being influenced: according to the study, the EU vehicles and their parts with 300 billion euros per year. In the case of an assumed customs -related fall from export to the US by 25 percent, the European economy loses around eight billion euros. Austria would therefore lose 0.21 percent of its total export. Slovakia and Croatia have even met about one percent, for Germany you expect 0.3 percent alone in the automotive sector.
Trump now forces Tikk-Sales?
The Washington government of course hopes that the customs club will move countless states to concessions. Trump was open to discussions about a customs reduction if good offers are made. With a view to China, the green light would also mean a discount for the sale of the short video service Tiktok. He would consider such a company, the president told journalists on board the Air Force One on Thursday. According to his words, a sale of Tikkok has been reached within reach, various investors are involved.
The number of bidders for Tiktok is increasing and closer to the most important date during Saturday. Due to a possible threat to national security, the American congress had passed a law with a large majority that obliges the Chinese tikok Mother Group to sell its American activities on January 19, 2025. Otherwise the platform will be blocked nationwide. Trump initially expanded this deadline until April 5.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
