President Donald Trump described it as a “liberation day” – when the Global Commerce is finally brought back into balance and the United States is no longer abused by its trading partners.
But a large part of America looks on April 2 – when Trump is set with a variety of allies and opponents a high collective bargaining prices for imports from a variety of allies and opponents.
Trump’s extensive taxes will bring American protectionism to a level that has not been seen since World War II. They were preceded by the president in a sale on the US stock markets, a decline in the consumer and alarm glock of survey markets.
“I think there is an enormous amount of fear,” said Douglas Holtz-Ekin, a former official of the White House under George W. Bush and founder of the American Action Forum, a right-wing economic thought factory in Washington. He said that the White House was “a real risk of recession” to increase tariffs that Peter Navarro, a high -ranking Trump adjutant, could be worth up to $ 600 billion per year.
“This is incredibly stupid from the perspective of domestic macropolitics. If you start the international, global implications, it is easy to be very, very nervous,” added Holtz-Eikin.
The measures announced this week are generally expected that the White House is described as “mutual”. Tariff In countries to punish them for their own taxes for US goods and other guidelines that are not likely to be liked to do, including taxes on digital services and consumption.
Canada, Mexico, the EU, China, India and other countries are expected to be in the crosshair of the tariff of the US government.
Regardless of this, Trump also aimed for certain sectors for additional taxes and presented his plan last week to meet the author imports With 25 percent tariffs And promising taxes for pharmaceuticals.
In the past few weeks Trump card And his top business officers have accused foreigners and civil servants as well as managing directors and lobbyists to tame their plans. However, the White House continued to make them nervous about the details without major concessions being given.
“The tariffs will be far more generous than in these countries, which means that they are friendlier over the decades than these countries in the United States in the United States. They have torn us off like no country in history, and we become much nicer than they were for us to the country in the Air Force in the Air Force from Florida from Florida to Have Sunday in Washington until Sunday.
When Trump spoke of his plan for authors at the weekend in an NBC interview, he feared the fears that the costs for the purchase of a car in America could increase as a result. “I could no less interest if you increase prices because people start buying cars,” he said.
“Trust in Trump,” said Navarro, talking to Fox News Sunday.
“The reason why we will not see inflation is that the foreigners will eat most of them. They have to be the largest market in the world.”
But the warning signs for Trump over his trading plans have increased.
A CBS News published on Sunday has found that 55 percent of the Americans believe that the president focuses on “too much” to rely on foreign goods, while 64 percent of the view is that he does not spend enough time to combat inflation and “reduce prices”.
Overall, its approval assessment of the economy is 48 percent, while 52 percent disapproved, which reflected public skepticism about his performance on an important topic that made him victory in the 2024 elections.
The Republicans on the Capitol Hill have largely fallen in harmony with Trump’s tariffs, but some of them begin to raise objections.
“I don’t think the Americans want to pay more for their automobiles. At the moment, North America is actually working together to build many of the American cars,” James Lankford, the Republican Senator of Oklahoma, told CNN on Sunday.
On Friday, the Republican Mayors of Rochester Hills, Michigan and Columbia, South Carolina, colleagues from Canada and Mexico and other parts of the United States joined the effects of taxes.
“The escalation of tariffs only increases the costs for companies, employees and consumers all over North America. Customs are taxes that increase the cost of living, drain bank accounts, endanger the offer chains and jobs, and the local companies that drive the economy forward in all three nations,” said the mayors.
The danger to Trump and the Republicans would not be declared the advantages of his protectionist policy towards the public, which is still looking for high costs.
“People did not ask (Trump officials) for a new global order. They asked them for a stable economic output,” said Holtz-Ekin. “They try to do the former. It will cost the latter,” he added.
Trump’s tariffs welcomed union leaders like Shawn Fain, President of United Auto Workers.
“Tools are a tool in the toolbox so that these companies do the right thing … and the intention behind it is to bring work back here. And, as you know, invest in the American workers.
But Trump was increasingly ready to use his trading strikers for geopolitical goals.
After swearing to raise Venezole oil buyers last week, he warned the countries that buy Iranian and Russian oil on Sunday that they are also exposed to “Secondary” – A step that aimed to further put President Vladimir Putin under pressure in Moscow to achieve a peace agreement with Ukraine.
Trump’s bet is that the use of tariffs is now internationally a strength of strength and a political winner in Germany. But the Democrats will plunge when the public begins to oppose.
Mark Warner, Democratic Senator of Virginia, said on Sunday in Fox News that the stock market “brought to a crash because they think the tariffs are stupid”. He added that the Smoot Hewley tariffs from 1930 led to the global economic crisis.
“God wants what Trump does will not lead to the same place,” said Warner.
