Today, President Donald Trump Has spread in her A fair and mutual business policy This goal is to create a level of play for American workers and jobs – and hope to deal with many unfair business practices around the world that is the goal of the United States.
He uses a simple metric: If you pay us taxes, we would like to tax you. But if you reduce your taxation, then we will be pleased to lower your tax on you.
In fact, President Trump sees this as a way to free trade.
And tax is really a tariff. Therefore, one where the president was separated from it was the EU for value added tax to nearly 20 % of them (VAT), yes, acting as tariffs.
In addition, they have board tariffs that are much higher than us. In this privilege, President Trump separated the 10 % European car tariff, four times as much as 2.5 %. This is at the top of the value added tax of 20 %. Of course, this is quite unfair.
And there are extensive examples in the country: India six times the tariff rate we do, Mexico three times, China almost five times, Brazil six times.
President Donald Trump signs new executive instructions on mutual tariffs from the elliptical office.
In The World Trade System has been broken Over 25 years and more countries have used the United States to target their trade barriers in the United States.
There is no international court to fix it. The World Trade Organization is a bustle and also corrupt, in bed with China.
Therefore, President Trump intends to address this by using the mutual tariff criteria. It looks like a relatively simple metric.
At this point, we do not know exactly how much this policy will go. And we also do not know how much tariff revenue increases. These are important questions that are still unanswered.
In today's press, Mr Trump used a very medium and low key approach.
He didn't really beat anyone, and most of his statements about how our industrial land and the whole economy will be more productive and more productive than the goal level of playing.
EJ Antoni, Economist of Heritage Foundation, former World Bank President, David Malps, and Senator Kevin Kramer, Rs.D. , President Donald Trump's mutual trade policy on “Kudlow”.
The stock market rose to about 400 points in the news. After the review of the Minister of Commerce of Howard Lutnik, no action will be taken until April 1.
Journalists continue to abuse President Trump About inflationary tariffs. But they are wrong.
Foreign exporters endure the most, because they have to reduce their price for sales in the US. In addition, the country's export currency will fall, while the US dollar rises.
And if the European Union – or anyone – lows its tariffs, our consumer price will fall.
This is all anti -inflation.
All that was said, I strongly support the repayment of the business. This is a noble mission.
Next, I really like to see the president talk about tax cuts, jobs, middle -class wages and rapid economic growth.
Let's not forget the message of growth.