Useful information
Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
Today, President Donald Trump It expanded in its fair and reciprocal commercial policy that aims to create a leveling playing field for US workers and companies, and hopefully will deal with the many unfair commercial practices worldwide that are directed to the United States.
He is using a simple metric: if we gravels, we are going to tax you. But, if your tax on us lowers, we will gladly reduce our tax on you.
Actually, President Trump sees this as a path to free trade.
And taxes are really tariffs. Then, a place that the president pointed out was the European Union for his value added tax of almost 20% (VAT), which, yes, functions as a rate.
In addition, they have rates in all areas that are much higher than ours. In that score, President Trump highlighted 10% of the European automatic rate, which is four times 2.5% of the United States. That is at the top of 20% VAT. Of course, that is obviously unfair.
And there are examples from all over the country in abundance: India has six times the tariff rates we make, Mexico three times, China almost five times, Brazil six times.
President Donald Trump signs new executive orders on reciprocal tariffs of the Oval office.
The world trade system has broken for more than 25 years. And most countries have taken advantage of the United States by aiming their commercial barriers.
There is no international court to fix it. The World Trade Organization is a bust and is also corrupt, in bed with China.
Then, President Trump will try to solve this by applying a reference point of reciprocal rates. It looks like a fairly direct metric.
At this point, we don’t know exactly how far the policy will come. Nor do we know how much tariff income will enter. These are important questions even without answer.
In today’s press, Trump used a very moderate and discreet approach.
He was really not attacking anyone, and focused most of his comments on how the industrial heart and our entire economy will become larger and more productive as a result of their playground at a gaming level based on reciprocity.
The economist of the Heritage Foundation Ex Antoni, the former president of the World Bank, David Malpass, and Senator Kevin Cramer, RS.D., evaluate the reciprocal commercial policy of President Donald Trump about ‘Kudlow’.
The stock market increased almost 400 points in the news. Measures will not be taken until April 1, after a review led by Secretary of Commerce Howard Lutnick.
The reporters continue to bother President Trump on inflation rates. But they are wrong.
Foreign exporters will have the largest load, because they will be forced to reduce their prices to sell in the United States. In addition, the export country currency will fall, while the US dollar will increase.
And, if the European Union, or whoever, reduces its tariffs, our consumer prices will decrease.
That’s all against inflation.
Said all this, firmly support commercial reciprocity. It is a noble mission.
Next, I would really like to see the president start talking tax cuts, jobs, medium -class salaries and rapid economic growth.
Let’s not forget the growth message.
