US President Donald Trump intends to impose new counter -duties on the US trading partners today, Wednesday, to end the decades -old commercial rules, in a move that is likely to be met with a response from all parties and leads to increased costs.
The details of the Trump plan, scheduled for today, Wednesday, called “Tahrir Day”, are still in formulation, and intensive meetings are held before the White House advertising ceremony expected to be held at 4:00 pm EST (20:00 GMT).
Application date
White House spokeswoman Caroline Levitte said on Tuesday that the new customs duties will enter into force as soon as they are announced, while separate fees will enter 25% on all auto imports on the third Thursday of April.
Trump has repeatedly stated that the plan aims to balance the generally low US customs duties with those imposed by other countries and confront their non -customs restrictions that harm US exports, but Trump’s plan is still unclear and there are reports that he is studying the imposition of international customs duties by 20%.
Reuters quoted a former Trump administration official during his first term as saying that the American president may impose comprehensive customs duties on each country separately at relatively lower levels.
The former official added that the number of countries on which these drawings will be imposed will most likely exceed 15 countries, which is the number that Treasury Secretary Scott Bessent said earlier that the administration focuses on it due to the wide commercial imbalance of the United States with those countries.
The Republican Representative in the House of Representatives, Kevin Herne, said that Pesent informed the Republican members of the Council on Tuesday that the counter -tariffs represent a “ceiling” to the highest level of American fees that countries will face, and may decrease if they respond to the demands of the United States.
The former official of the Ministry of Commerce, Ryan McGiros, said that the application of international customs duties will be easier in light of a narrow timetable and may generate greater revenues, but the application of counter -tarius on each country will be a separate way that will be more suitable for unfair trade practices of countries.
He added: “However, the effects of today’s decisions will be large on a wide range of sectors.”
https://www.youtube.com/watch?v=cqand9qbloc
The accumulation of fees
During a little more than 10 weeks since he took office, the president of the Republican Party has already imposed new customs duties by 20% on all imports from China due to the drug of fentanel, and he fully re -imposed 25% fees on steel and aluminum imports, which expanded the scope of those fees to include the final products with a value of approximately $ 150 billion.
Also, it is scheduled to end today, Wednesday, a single -month exemption period for most Canadian and Mexican goods from customs duties related to the 25%fentanel.
US administration officials said that all Trump customs duties, including previous customs duties, accumulate, so any Mexican -made car, which was imposed on a 2.5% fee previously to enter the United States, will be subject to both fentanel and customs duties on the automotive sector, with a total customs duties rate of 52.5%, in addition to any counter -tarit duties that Trump may impose on goods Mexican.
The increasing fog for customs duties leads to a decline in the confidence of investors, consumers and companies in a way that may lead to slowing economic activity and high prices.
Economists at the Federal Reserve in Atlanta said that a recent poll showed that senior financial officials in companies expect customs duties to pay their prices to rise this year, while reducing employment and growth.
Investors have sold stocks offered extensively over more than a month, which led to the loss of nearly $ 5 trillion of the value of the shares listed in the United States since mid -February.
The Wall Street Stock Exchange was closed on a contrasting performance on Tuesday, in light of the disorganized investors’ anticipation of the details of the Trump advertisement today, Wednesday.
