The new definitions of Trump enter dozens of acts of effect – national

US President Donald Trump It began to impose higher taxes on importing dozens of countries on Thursday, just as the economic repercussions of the threats of tariffs that lasted for months began for months in causing clear damage to 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.

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 Republican administration believes that 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 first Trump offer for definitions, the event that led to the market drama, the Trump negotiating period and the final decision to start its global definitions on Thursday.

John Silvia, CEO of the dynamic economic strategy, said economic reports indicate that employment began to stop, inflationary pressures infiltrated the top and began home values in the main markets to decline after April.

“The least productive economy requires fewer workers,” Silvia said in an analysis. “But there is more than that, as the high tariff prices have decreased than 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. “It will be great sand in gears and slowing things.”

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 for the first half of the year was 38 percent higher than 2024. The total construction spending decreased by 2.9 percent during the past year.

Economic pain is not limited to American Germany, which sends 10 percent of its exports to the American market, industrial production witnessed 1.9 percent in June with the previous Trump rounds of the high tariff. “The new definitions will clearly affect economic growth,” said Carsten Barzeeski, Global President of Mako Bank.

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. 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 said to delay the beginning of the definitions from August 1 only that the higher tax rates will start in seven days.

Trump announced on Wednesday the imposition of additional fees of 25 percent on India to purchase Russian oil, up to the total import taxes to 50 percent.

One of the best Indian exporters said on Thursday that the latest American definitions will affect approximately 55 percent of the country’s foreign shipments to America and forcing exporters to the loss of their customers for a long time.

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

The Swiss executive authority, the Federal Council, was expected to hold an extraordinary meeting on Thursday after President Karen Keeler and other Swiss officials returned from a trips arranged in a hurry to Washington in a failed attempt to avoid the sharp tariff in the United States by 39 percent on the Swiss goods.

Import taxes still come on pharmaceutical drugs, and Trump announced 100 percent of customs tariffs on computer chips. This American economy may be left in a place of hanging animation because it is awaiting influence.

The president’s use of the 1977 law to declare economic emergency to impose customs tariffs is also challenging. 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.

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 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 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.

Global financial markets took on tariff amendments on Thursday by a step, as Asian and European stocks and futures in the United States increased.

Brzeski warned: “While the financial markets seem to have grown in numbness of customs tariff ads, let’s not forget that their harmful effects on economies will gradually reveal over time.”

To date, Trump still expects 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, a older colleague at The Security Century who worked in the White House. “The rest of the Americans are already paying the price of uncertainty.”