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Trump ultimatum highlights: Does the world enter the new customs crisis?

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Trump ultimatum highlights: Does the world enter the new customs crisis?
Photo: Official White House Photo / Daniel Torok

The 90-day deadline, which the President of the United States Donald Trump set up other countries to assemble trade agreements with the United States or the risk of a significantly larger tariff is only a few days.

What will happen after 00:01 in the eastern weather now on 9. July, no one can even guess.

“Liberation Day”

The role cannot be higher, given that the entire global economy is warned, conveys CNN.

The second April, the date that Trump called “Day of Liberation,” revealed new, “reciprocal” customs rates for key American trade partners, with some lenses and up to 50 percent.

Together, these rates were the most that the United States was charging as the goods in more than a century.

Economists quickly warned about a recession that affects not only certain countries, but the whole world.

When Customs entered into force on 9th April, the sale of shares on Wall Street, forced Trump to publish the countries to hold the USA, saying the investors “became a little nervous, a little scared.”

Since then, almost all goods that the US imports undergo a minimum customs customs from a substance.

The shares, in the meantime, not only recovered all these losses, but have set several new record levels.

And inflation barely moved. However, if the customs start growing and inflation back again, these gains could be deleted quickly.

Multi-month meetings

After multi-month meetings with foreign governments and countless claims that several trade partners in the threshold of concluding the agreement were published only three.

One of them, with Vietnam, has not yet been finalized and there is little detail.

Nevertheless, the Trump Administration announces that a series of agreements are coming.

At the same time, Trump threatened to send letters to countries that do not sign agreements, in which they will tell them at which the rate will be taxed in the United States.

In the eve 9. July, Trump Administration officials threatened to be easily returned to April customs rates or perhaps even higher names.

They also mentioned the possibility of prolonging the countries for countries that “negotiate in good faith”, without defining what it means or which includes.

It is not clear where the attitude is Trump, which will have the final word.

“We can extend them, we could shorten them. I would like to shorten. I would just like to send letters to all: ‘Congratulations, you pay 25%’.

Good or not?

We will look at the earth to treat us – are they good, are they not very good – for some countries we don’t care, we will simply send a larger number, “Trump said recently.

Said to start sending letters in the coming days.

“Customs will move from perhaps 60% or 70% to 10% and 20%,” Trump said.

For many countries, such rates would inflict an even greater economic kick compared to the rates that Trump announced in April.

But countries could have the opportunity to negotiate, given that Trump said that most new rates will not take effect until 1. Augusta.

(Vijesti.ba)


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