The US Supreme Harf is officially valid for dozens of nations

Washington President Trump has officially started imposing higher taxes on dozens of countries on Thursday, just as economic repercussions of the threats of tariffs that lasted for months began for months in causing clear damage to the American economy.

The White House said that starting at midnight US time directly, the goods began from more than 60 countries and the European Union in the face of customs tariffs by 10 % or higher. Taxes are imposed on products from the European Union, Japan and South Korea by 15 %, while taxes are imposed from Taiwan, Vietnam and Bangladesh by 20 %. Mr. Trump also expects places like the European Union, Japan and South Korea hundreds of billions of dollars in the United States will invest

He immediately took to his social platform to create the fees, saying: “It is midnight !!! Billion dollars from the definitions now flows to the United States of America!”

About an hour ago, published, “The mutual definitions are exposed in the middle of the night tonight! Billions of dollars, to a large extent from the countries that have benefited from the United States for many years, you will laugh along the way, you will start flowing to the United States of America. The only thing that can stop America’s bone will be the radical left court that wants to see our country!”

On Wednesday afternoon, Mr. Trump said: “I think growth will be unprecedented,” adding that the United States “takes hundreds of billions of dollars from definitions.” But he said that he could not provide a specific personality for revenue because “we do not even know what is the final number” with regard to tariff rates.

Despite the uncertainty, the White House Trump is sure that the appearance of its wide tariff will provide clearly about the path of the largest economy in the world. Now that companies understand the trend to which the United States is heading, the administration believes it can intensify new investments and employ jump in ways that can balance the American economy as a manufacturing power.

But so far, there are signs of wounds that have caused themselves to America as both companies and consumers for the impact of new taxes. What the data showed is an American economy that changed in April with the preliminary tariff of the president, the event that led to the market drama, the negotiating period and the final decision of Mr. Trump to start his global tariff on Thursday.

After April, economic reports showed that employment began to stop, inflationary pressures sneaked up and home values in the main markets began to decline.

“The least productive economy requires fewer workers,” Silvia said in an analysis. “But there is more than that, as high tariff prices reduce the real wages of workers. The economy has become less productive, and companies cannot pay the same real wages as before. The procedures have consequences.”

However, the final transformations of the definitions are unknown and can play for months, if not years. Many economists say that the risks are that the American economy is steadily eroding rather than immediately collapsing.

“We all want to be made for television where this explosion is – it’s not like this,” said Brad Jensen, a professor at Georgetown University. “You will be great sand in gears and slowing things.”

Mr. Trump promoted definitions as a way to reduce the ongoing trade deficit. But the importers sought to avoid taxes by importing more goods before taxes intervened. As a result, the trade balance of $ 582.7 billion in the first half of the year was 38 % higher than 2024. The total construction spending decreased by 2.9 % during the past year, and the factory functions that Mr. Trump had promised so far has losses in jobs so far.

The period before Thursday is appropriate for the nature of Slapdash for the definitions of Mr. Trump, which was presented differently, rapidly, delayed, increased, imposed on a speech and redistributed it in a feverish manner.

This process has been disturbed to the extent that officials of the main trade partners were not clear at the beginning of the week whether the definitions will start Thursday or Friday. The language of July 31, to delay the beginning of the definitions from August 1, said that the higher tax rates will start in seven days.

On Wednesday morning, Kevin Haysit, director of the National Economic Council of the White House, was asked whether the new definitions began in midnight Thursday, and said that journalists should verify the US Trade Representative Office.

Mr. Trump announced Additional fees are imposed by 25 % on India Wednesday because it buys Russian oil, which reaches the total import taxes in India to 50 %. Indian Foreign Ministry The new duties are called “Unjustified, unreasonable.”

Swiss officials planned to hold an “extraordinary” meeting on Thursday after a Washington delegation returned after an attempt to go to a 39 % tariff for Swiss products, The government said in the X Publishing. A Swiss source, Karen Keeler, said that Washington left empty -handed on Wednesday.

Mr. Trump said that import taxes are still It comes to pharmaceutical drugs And declare 100 % tariffs on computer chipsThis means that the American economy can remain in the place of hanging animation because it awaits the effects.

The President’s use of the 1977 law to declare an economic emergency to impose definitions The appeal is also stabbed. The imminent judgment from last week’s session could cause the United States’ Appeal Court until Mr. Trump finds other legal justifications if the judges say that he exceeded his authority.

Even the people who worked with Mr. Trump during his first term are skeptical that things will go smoothly for the economy, such as Paul Ryan, former Republican House Speaker, who has emerged as Trump’s critic.

“There is no kind of logical basis for this other than the president who wants to raise tariffs based on his whims and opinions,” Ryan told CNBC on Wednesday. “I think the fluctuating water in the future because I think it will face some legal challenges.”

However, the stock market was strong during the recent tariff drama, as the S& P 500 index increased by more than 25 % of its lowest level in April. Market recovery and Income tax discounts in Mr. Trump tax measures It was signed in the law on July 4, and the White House has given confidence that economic growth must accelerate in the coming months.

As of now, the president says he is still expecting an economic boom while waiting for the rest of the world and American voters nervously.

“There is one person who can be more than that about the uncertainty he creates, and this is Donald Trump,” said Rachel West, an older colleague at The Security Contenn who worked in the White House. “The rest of the Americans are already paying the price of uncertainty.”