Trump launches mutual definitions amid fears of economic turmoil Donald Trump News

President of the United States Donald Trump A plan to spread the increasing import duties of each commercial partner imposes taxes on the imports of the United States, noting that he was doing this because of the “fairness” sense of trade.

Trump sits in the Oval Office on Thursday, describing definitions as mutual, which means that the United States will automatically raise its import taxes to suit the existing levels in other countries.

“In trade, I decided for fairness to receive a mutual tariff, and this means everything that the countries receive the United States of America, and we will receive them. No more, no less.”

He added: “In almost all cases, they ship us greatly more than we receive them.” “But those days are over.”

While experts raised fears that Trump’s tariff can be launched World Trade War This would cause prices to rise. Trump has long looked at trade as a matter of winners and losers – and he has argued that the United States has dealt with its allies abroad unfairly.

It is also seen in the definitions as a departure from consensus long ago from the two parties to expand free trade agreements with other countries.

A tariff is not expected to start on Thursday immediately because it requires determining walking for different tax distances according to rates in different countries, a process that may take weeks.

Also on Thursday, the bloc of 10 countries known as the BRICS-which was called the founding members of Brazil, Russia, India and China-threatened with a “tariff of at least 100 percent” if the group began virtual plans to create a currency rumor.

There is no such currency in business, although the BRICS leaders have put forward the possibility in the past.

However, Trump criticized the possibility of a question and answers session with journalists, accusing the BRICS leaders of a desire to “play games with the dollar”.

“If any trading is circulated, it will be a tariff of at least 100 percent,” Trump said.

The US President often used the customs tariff as a way to coercion other countries to behave with his priorities.

It includes the proposed definitions against Mexico and CanadaTwo of the largest and closest commercial partners in the United States. In November, shortly after his re -election, Trump announced that he intends to impose a 25 percent tariff on both countries to force them to tighten security along the American border.

Economists and politicians alike warned of the broken implications that these definitions can cause on the economies of all the countries concerned.

“I want to speak directly to the Americans,” Canadian Prime Minister Justin Trudeau said on February 1.

“The tariff against Canada will put your functions at risk, which may lead to the closure of American cars assembly factories and other manufacturing facilities. They will raise the costs for you, including food in grocery stores and gas in the pump.”

Shortly after this statement, Mexico and Canada are dealing with the Trump team to delay the definitions until March, in exchange for concessions such as increasing the number of Mexican National Guard forces on the southern American border.

However, Trudeau and other critics described the possibility of tariffs for a violation of the free trade agreements they concluded, including the United States, Mexico and Cananga Convention, which were negotiated during the first period of Trump.

Also during Trump’s first period, Congress voted to expand permanent natural trade relations with China.

This decision, and free trade agreements in general, are subjected to criticism by politicians such as Senator Bernie Sanders, who argue with these policies that made it easier for companies to transfer factories to low -wage countries and reduce the rights of the union and environmental protection.

While Trump was also criticizing free trade deals, he usually refused to follow the left’s priorities, such as promoting Collective bargain Workers’ rights.

Customs duties can also be used to protect local sectors from foreign competition, but economists have said that the strategy is more typical for countries that remove local industries.

They also warned that after several decades of economic integration between the allies, a sudden imposition of sharp definitions may lead to dangerous Economic turmoil As well as the high prices of consumers.

Trump has a campaign to reduce the cost of living, and since then he has warned that there may be some “pain” for consumers as a result of definitions.