Today, President Donald Trump on his fair and reciprocal trade policy This aims to create levels of the level game for workers and American companies-and, hope, will deal with the many unfair negotiation practices worldwide that are intended for the United States.
He uses a simple metric: if you tax us, we will tax you. But, if you lower your tax on us, we will please our tax on you.
In fact, President Trump sees it as a free trade path.
And taxes are really prices. Thus, a place where the president chose was the European Union for their value added tax of almost 20% (VAT), which, yes, works as a price.
In addition, they have prices at all levels that are much higher than ours. On this score, President Trump distinguished the 10%European automobile rate, which is four times American at 2.5%. It is above 20%VAT. Of course, it is manifestly unfair.
And there are examples across the country in Gogo: India has six times the rate rates that we make, Mexico three times, China almost five times, Brazil six times.
President Donald Trump signs new decrees on the reciprocal prices of the oval office.
THE The global trading system has been broken For more than 25 years. And most countries have benefited from America by targeting their trade barriers to us.
There is no international tribunal to repair it. The World Trade Organization is a bust and is also corrupt, in bed with China.
Thus, President Trump will try to solve this problem by applying a reciprocal tariff reference. It seems to be a fairly simple metric.
At this point, we do not know exactly how far politics will go. We do not know to what extent the tariff income will be increased. These are important questions but unanswered.
In today’s supplier, Trump used a very moderate and discreet approach.
He did not really denigrate anyone, and he concentrated most of his remarks on how the industrial heart and our entire economy will become more important and more productive because of his playground based on reciprocity.
The economist of the Heritage Foundation, EJ Antoni, the former president of the World Bank, David Malpass, and Senator Kevin Cramer, Rs.d., weigh on the reciprocal commercial policy of President Donald Trump on “Kudlow”.
The stock market increased by almost 400 points on the news. No measure will be taken until April 1, after an examination led by the Secretary of Commerce Howard Lutnick.
Journalists continue to harass President Trump On inflationary prices. But they are wrong.
Foreign exporters will support the largest burden, as they will have to reduce their prices to sell in America. In addition, the currency of the country of export will drop, while the US dollar will increase.
And, if the European Union – or anyone – lowers their prices, our consumer prices will drop.
This is all counter-inflationist.
That said, I strongly support the reciprocity of trade. It is a noble mission.
Then, I would really like to see the president start talking about tax reductions, jobs, middle -class wages and rapid economic growth.
Let us not forget the growth message.
