“Prices could go up”: Trump approves country-by-country reciprocal tariff scheme

president Donald Trump A presidential note signed on Thursday, task consultants, with individual tariff prices for each country that exports goods to the United States.

Trump said he is following an approach to the eyes towards international trade, saying that the United States will now likenate definitions on any country that imposes duties on American goods.

“I decided for fairness to receive a mutual tariff,” Trump He told reporters In the oval office. “They impose on us a tax or tariffs and impose the same thing on them.”

The president ran to take office with a promise to make daily goods more affordable for the Americans. However, its definitions It is expected to raise costs For us consumers. New taxes on imports can high prices for a wide range of goods.

“Prices can rise in the short term to some extent, but prices will also decrease,” Trump claimed, adding that his definition will be a blessing for American farmers.

Trump said that American agriculture was getting a short end of the stick under the previous administration, and reported that “the product is thrown into our country and our farmers suffer very badly.”

Trade Secretary Candidate Howard Lootnick And Jameson Jarir, Trump’s candidate for the trading representative, was directed in the memo to advise Trump on the status of unique tariff prices on the basis of each country. This step can create another period of economic uncertainty, similar to the president Market screaming plan Against 25 % tariffs on Mexico and Canada.

Trump has temporarily stopped plans that stopped last week due to a 25 % blanket tariff for the country’s largest commercial partners after his planned duties decreased to a decrease in the stock market. A temporary stop was appointed at the beginning of March. On Thursday, he criticized Canada because of “our universe is very bad for us in trade” and expelled again an idea Join.

President 10 % tariffs on China It is already valid, and it is a fee for its administration is a step towards closing the “unfair” trade and treatment imbalances.

“For many years, the United States has been treated unfairly by commercial partners, both the friend and the enemy,” a White House official read a memorandum of the plan, For every politician. “This lack of reciprocity is one of the sources of the large and continuous annual trade deficit in the goods. Closed markets abroad reduce the exports of the United States and the open markets at home lead to great imports.”

The tariff scheme in Trump faced the scrutiny of economists Conservative news means, Those who say the plan can lead to high costs and Unnecessary commercial wars With important economic partners. When asked whether he would launch studies in the interest of US prices on Thursday, Trump told the reporters that he was not worried about increasing prices.

“There is nothing to study,” He said“You will go well.”