Donald Trump said on Wednesday that he was postponed (a major role for imports from nearly 60 countries in 90 days.
On Wednesday, April 9, United States President Donald Trump said that within 90 days he suspended the action of the uninitiated tariffs that have been revealed to him about most countries of the world – without clear details, to whom and how this decision spread. Instead of a major role for all except China, the “main” fee of 10%will operate, with the previously introduced 25 percent tariffs for imported cars, steel and aluminum. Trump aims to continue the trade war in China: Chinese import duties have been declared 125%.
The reaction to the decision
Additional customs fees from the imports of nearly 60 countries that Trump announced last Friday were higher than Wall Street’s expectation, and American indices rushed. The S&P, in particular, lost more than 10%.
Many economists have warned that all of this will lead to an economic collapse in the USA and around the world. The panic came to the point that investors began to dispose of American bonds – state debt obligations, which traditionally considered the most reliable security.
After Trump returned it with imported duties and announced a delay, prices for sharing American companies climbed sharply: exchange indices flew 8-12%-but still don’t play the fall of the last days.
Trump himself, who commented on Wednesday night, actually admitted that the situation in the markets influenced the refusal to introduce strict global tariffs, and said it was necessary to be flexible.
“I thought people were very far away. They were starting to be nervous, you know, they were starting to be nervous, they were a little scared,” he told the journalists. “You need to be flexible.”
According to the American President, trade transactions will eventually end in all countries, including China.
The European Union, after the US president’s decision on a 90-day pause as American tariffs they announced, also removed its countermeasures.
Who is convinced of Trump
Financial minister Scott Ibvard and Minister of Commodity, Howard Lyutnov, United calling for US President Donald Trump to suspend tariffs, considering the situation in the stock market, NBC News reports.
According to the TV channel, Trump’s closest environment began to sound alarming about financial markets even before he suspended the tariffs.
On the eve of Trump’s announcements, some of his advisers were almost in a panic about the situation in the stock markets, the television interlocutor said.
Against this background, according to the origin, Immentine and Lutnik spoke on Wednesday as a united front, urging Trump to suspend tariffs.
The channel note that the situation in the tariffs showed a split on the Trump team. While immortal seems to be open to negotiations, Trump’s senior adviser to trade, Peter Navarro, occupies a more difficult position
Ilon Musk, who advises Trump on public service issues, called Navarro “dumber a brick bag”, and in response a billionaire is described as a person who is just a car collector.
But this weekly drama also emphasized the risk of the process of developing a policy that often depends on one’s desires and whites, summarizing the channel.
Meanwhile, Trump’s unnamed friend, who has been talking to him in recent days, said the president has not shown any signs that he is “quickly leaving these things.”
According to the interlocutor, Trump believes other countries are unfair, and considers tariffs as a tool to increase the competitiveness of the United States.
“He’s sure it will work,” the interlocutor added the anonymous.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.