After the match and confusion, the customs tariffs of dozens of countries began

President Donald Trump began imposing higher taxes on dozens of countries on Thursday, as the economic repercussions of his months of introduction, which lasted for months, began creating the opposite winds of the American economy.

Immediately after midnight, goods from more than 60 countries and the European Union are subject to 10 percent or higher tariff rates. Taxes are imposed on products from the European Union, Japan and South Korea by 15 percent, while taxes are imposed from Taiwan, Vietnam and Bangladesh by 20 percent.

Trump also expects the European Union, Japan and South Korea to invest hundreds of billions of dollars in the United States

“I think growth will be unprecedented,” Trump said on Wednesday afternoon. He added that the United States was “taking hundreds of billions of dollars in definitions”, but it was unable to provide a specific personality for revenues because “we do not even know what is the final number” with regard to customs tariff rates.

Canada and the United States did not reach renewed conditions after the deadline imposed by Trump on August 1, which led to an import tax of 35 percent on some Canadian goods. The average applies to the goods that are not covered by the Canada-USA Convention (CUSMA), which governs trade between the three countries.

In addition to generalized tariffs, Trump also threatened the sector’s duties. Import taxes still come on pharmaceutical drugs, and this week, Trump announced 100 percent of the tariffs on computer chips. This American economy may be left in a place of hanging animation because it is awaiting influence.

Trump, including directly before midnight On social mediaHe complained that the countries, including the allies, “benefited from the United States” in trade over the years. But in the case of Canada and Mexico, it was Trump who fell on Kosma during his first term.

The effects are expected to play for months

Trump promoted the customs tariff as a way to reduce the constant US trade deficit, although many economists believe that the index alone does not indicate economic weakness.

There are signs of self -wounds to the American economy as a result of Trump’s plans, which have fallen from the peak of the Corona virus in a stronger way than other G7 countries, albeit with similar inflationary pressures.

The importers generally purchased more goods before the definitions were completely released. As a result, the trade balance of $ 582.7 in the first half of the year was 38 percent higher than the year 2024. The total construction spending decreased by 2.9 percent during the past year, and the factory functions that Trump promised so far led to a business loss.

“The least productive economy requires fewer workers,” said John Silvia, CEO of dynamic economic strategy. “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.”

The President’s use of the 1977 law to declare economic emergency to impose definitions is subject to challenge – and may go to the Supreme Court. The imminent judgment from last week’s session could cause the United States’ Appeal Court until Trump finds other legal justifications if judges say he has overcome his authority.

However, the stock market was strong during the recent tariff drama, as the S& P 500 index increased by more than 25 percent of the lowest level in April. The market recovery and income tax discounts in Trump’s measures and its spending in the law on July 4 gave confidence in the White House that economic growth must accelerate in the coming months.

The final transformations of definitions can be played 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.”

Even the people who worked with Trump during his first term are skeptical that things will go smoothly for the economy, such as Paul Ryan, former Speaker of Parliament.

“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.”

Slapdash process

The period before Thursday is appropriate for the nature of the Slapdash of Trump’s definitions, which have been presented differently, rapidly, delayed, increased, imposed a speech and re -negotiated it in a feverish way. Trump has worked on a deal on a deal, with a few details so far in my cases.

India, for example, on Wednesday, Trump has witnessed an additional 25 percent tariff that will be imposed on August 28, to buy Russian oil since the outbreak of the war in Ukraine, which amounts to total import taxes to 50 percent.

“The sudden cost escalation is simply not applied. Margins are already thin,” SC Ralhan, President of the Indian Export Organizations Union, said in a statement.

India and the United States have had five rounds of negotiations on a bilateral trade agreement, but they have not been able to get one yet, as it has been a severe relationship between the countries in Trump’s first state.

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.