The reciprocal customs duties that Washington intends to announce on Wednesday concern “all countries”, not just those with the most important commercial imbalances with the United States, Donald Trump said on Sunday, March 30.
“We would start with all the countries, we will see,” the American president told journalists on the Air Force One, dismissing the hypothesis that these customs rights affect only a small number of Washington business partners.
“I have not heard of 15, 10 or 15 countries,” he replied to the question of a journalist questioning him about the number of countries concerned, when the Treasury Secretary was said to be the possibility of targeting 15 % of business partners who record recurrent commercial imbalances at the detriment of Washington.
“Generous” customs duties
After steel and aluminum and before the automobile, the American president plans to announce his so -called “reciprocal” customs duties on Wednesday, which will change the rules of the world’s trade game. On April 2, which he nicknamed “Liberation Day”, Donald Trump intends to erect new customs barriers which should depend on the taxes that the countries concerned impose on American products, but also other factors. “Basically, these are all the countries we have talked about,” said the American president, without providing more details.
Donald Trump also said on Sunday that customs duties will be more “generous” than those imposed by other countries against the United States. “Customs duties will be much more generous, […] They will be sweeter than those that these countries have granted in the United States of America over the decades “. These countries” have scammed us like no country has ever been in history and we are going to be much more sympathetic than they have been towards us, “he continued.
Eyes riveted on the trade policy of the United States with these new increases in expected customs rights, European stock markets opened in red on Monday. Around 9:05 am French time, in the first exchanges, Paris gave up 0.97 %, London 0.83 %and Frankfurt 0.95 %. Milan lost 1.00 %. Ditto Asian scholarships: The Seoul Stock Exchange plunged 3.00 %, Taipei by 4.20 %and Sydney by 1.74 %, while Tokyo dropped to 4 %.