His approach includes both comprehensive measures, such as the global tariff for foreign imports, and targeted measures against specific industries, regions or countries to achieve the goals of its policy.
Trump’s proposed fees were inconsistent, from minimal rates to those that exceed 200 %, creating uncertainty between international partners and companies.
Below is a summary of Trump’s actions related to trade and threats.
Widespread
Treasury Secretary Scott Payette calls for the gradual implementation of comprehensive import definitions, starting from 2.5 % with monthly increases, according to the Financial Times. Trump suggests potential higher rates. While customs duties have historically formed a large part of American tax revenues, they now represent the minimum share. Economists warn that these policies may increase inflation as companies transfer additional costs to consumers.
On Friday, Trump announced plans for “mutual” definitions, which apparently target countries that impose duties on American goods, although specific rates are still not specific. A global commercial conflict and the creation of uncertainty in business.
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