On Thursday, President Donald Trump announced a plan for “mutual” definitions on countries that limit markets or reduce markets for American goods. (X/Margo Martin)
president Donald Trump On Thursday, a plan for the United States was signed to consider the implementation of “mutual” definitions against countries that border markets or to limit American markets.
Trump said he did not expect any exemptions or exemptions for the plan, which could apply to both opponents and allies.
“In trade, I decided for fairness, to receive mutual tariffs – and this means everything that the countries of the United States receive, and we will impose more on them, no less. White House.
President Donald Trump signs a series of executive orders at the White House Oval Office on Monday. (Andrew Harnik / Getty Images)
“In almost all cases, they ship us greatly more than we receive, but those days have ended,” Trump added.
A source familiar with the plans told Fox Business that Trump’s presidential memo orders the American Trade Representative to investigate and confront unplanned trade in all trading partners. The actor will define the commercial agreements in which it is located A major trade deficit Which is unfair to the United States
What are the definitions, how do they work and those who pay them?
A White House official said that the candidate of trade Secretary Howard Lootnick and the American Trade Representative will present a report that explains in detail the customs tariff on the basis of each country separately. Lootnick said that studies will be completed by April 1.
The official said that the director of the administration and budget office (OMB) will be in front of Ross Feon 180 days to submit a report that holds any financial effects.
The trucks pass over the blue water bridge when crossing the border with the United States in Sarina, Ontario. (Geoff Robins / AFP via Getty Images)
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The aforementioned in the memo, according to the source, is that Brazil imposes ethanol taxes in the United States by 18 %, while ethanol in the United States was only 2.5 % from Brazil.
Critics say the definitions can raise the prices of American consumers. White House Trump believes that customs tariffs are a tool for financial leverage in economic and foreign policy negotiations, and to return companies to the United States
Howard Lootnick, President Donald Trump’s candidate for the Minister of Commerce. (Kayla Partovsky)
Trump said on Thursday that prices may rise in the short term, but in the long run, “our country will make a wealth.”
He said that “many executives” love the idea of definitions, despite some concern about Wall Street about the influence of trade.
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Trump stressed that companies can avoid tariffs by bringing operations to the United States
“I will tell you what will be the jobs,” he said. “The jobs will increase significantly. We will have great jobs, jobs for everyone. This is something that should have been done for many years.”
Hillary von Fox Fox contributed to this report.
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