Larry Kudlo: The market is equal to the mutual definitions of Trump

today, President Donald Trump Expand Fair and mutual trade policy This aims to create a level stadium for American workers and companies – and we hope that it will deal with many unfair commercial practices around the world targeting the United States.

It uses a simple scale: If you impose taxes on us, we will impose taxes on you. However, if you reduce your tax on us, we will drop our tax on you with pleasure.

In fact, President Trump believes that this is a way to free trade.

And taxes are really definitions. Therefore, one of the places allocated by the President was the European Union for VAT in approximately 20 % (VAT), which works, yes, as a tariff.

In addition, they have a tariff in all areas that are much higher than our births. In that result, President Trump allocated a 10 % European cars tariff, which is four times 2.5 %. This is 20 % value -added tax. Of course, this is clearly not fair.

There are examples at the country level, abundant: India has six times the tariff prices that we do, Mexico three times, China is nearly five times, and Brazil is six times.

the The global trading system has been broken For more than 25 years. Most countries of America have benefited from targeting our commercial barriers.

There is no international court to reform. The World Trade Organization is a bust and is also corrupt, in bed with China.

Therefore, President Trump will try to reform this by applying a mutual tariff standard. It looks like a somewhat direct measure.

At this point, we do not know exactly to what extent will the policy go. Also, we do not know how much the customs tariff revenues will be raised. These are important questions so far that have not been answered.

On today’s press, Mr. Trump used a very moderate approach.

He was not really reviewing anyone, and most of his statements focused on how the industrial heart and our entire economy would become larger and more productive due to his field goal on the level of reciprocity.

The stock market has increased by approximately 400 points on the news. No measures will be taken until April 1, after a review led by the Minister of Trade Howard Lottenic.

Correspondents continue to disturb President Trump About inflationary tariffs. But they are wrong.

Foreign exporters will bear the greatest burden, because they will have to reduce their prices for sale in America. In addition, the currency of the country of export will decrease, while the US dollar will rise.

And if the European Union – or anyone – reduces its definitions, then our consumer prices will decrease.

This is all anti -enlarged.

All that has been said, I strongly support trade. It is a noble task.

After that, I would really like to see the president start talking about tax cuts, jobs, middle -class wages and rapid economic growth.

Let’s not forget the growth message.