Ben Whedon
President Donald Trump announced 25% of tariffs on Monday to import steel and aluminum, focused on critical industrial goods after raising commercial relations with Japan and establishing a scene of what is expected will be long economic loneliness with China.
“Very simply, if they burden us, we burden them” Trump said at the weekend.
Aluminum and steel are key materials in industrial production, the Trump industry is hoping to resuscitate in the American economy. To this end, he further announced during a press conference with the Japanese Shiger Prime Minister IsoHiba that he had convinced Nippon Steel to invest in American steel, and not buy it directly.
“Very exciting”
“So they agreed to invest strongly in American steel, unlike its possession. And that sounds very invigorating – he said. Last year, the Japanese company reached a contract for the purchase of a cult American company. The announcement caused indignation of American public opinion, and Trump promised during the campaign that he would stop the contract.
Trump’s approach to solving the current trade war seems to deal with trade deficits with key allies to strengthen American industry, while imposing tariffs on critical Chinese goods.
“The brave movement of President Trump in order to enforce mutual trade tariffs can transform global trade”, former economic advisor to Trump Stephen Moore published on Monday. “Because the US have the lowest tariffs of every large economy, other nations must think about their strategies. If China, Germans and others want to avoid retaliation, they will have to lower their tariffs. This can lead to a new era of free trade! “
Shorying trade with allies
Trump explained that he is ready to continue arduous negotiations, both with American allies and opponents.
“I explained that the United States would trade with all countries based on the principle of honesty and reciprocity,” said Trump at the Friday press conference with Isohiba. “Chronic trade deficits not only undermine our economy, but they really do it. And get rid of trade – we have a commercial deficit with Japan in the amount of over $ 100 billion, but we will work out. “
Trump continued to advertise “important economic relations” between Washington and Tokyo and emphasized “almost $ 800 billion” in Japan in American Ishiba, for his part, he pointed out that he perceived the United States as a positive investment for his nation and confirmed that he would work to achieve to achieve 1 trillion dollars in a Japanese investment.
“And as for Japan, like [Trump] He presented to us that from Japan to the United States an unprecedented investment would be made and so many jobs will be created, “he promised. “So $ 1 trillion is a goal and it will be a benefit for the United States, but also for the benefit of Japan.”
In return, Trump confirmed the contract with Japan for exporting liquefied natural gas (LNG) to the archipelago and the export of energy itself may be sufficient to deal with the trade deficit.
“I am also happy to announce that Japan will soon start importing new historical shipments of pure American natural gas in a record number,” said Trump.
Canada and Mexico
Trump not only attacks Japan for compensation. After prior negotiating the United States Agreement, the-Maxic-Channel (DOPERCA) during its first term, Trump moved to Further mount North American trade againFloating tariffs for both nations. Trump agreed to put off the tariffs on both nations after they agreed They supply soldiers to patrol their appropriate boundaries And make trade in human beings.
This break, however, was the precursor of what Trump hopes, will be the final negotiations with both nations. Last week, Announced that the US and Mexico “will be negotiated by the Secretary of State Marco Rubio, the secretary of the treasury Scott Bessent and the secretary of trade Howard Lutnicka and representatives of Mexico at high levels.”
On the Canadian side, Trump declared He was “very pleased with this initial result, and the tariffs announced on Saturday will be stopped for 30 days to check whether the final economic agreement with Canada can be structured. Honesty for everyone! “
Work against China
During a press conference with Isohiba, Trump confirmed that the couple “agreed to cooperate even more to combat Chinese economic aggression, which is quite aggressive.”
Trump’s first term waged a compact trade war with China, mainly by imposing tariffs, although this did not lead to a lasting agreement with Beijing. This time, however, more Republicans, legislators and foreign allies are more on the line with Jastrzębie to Chinese trade. In particular for Japan, the economic issue coincides with the fears of Chinese geopolitical ambitions in Taiwan and their common waters from Tokyo.
Speaking about “John Solomon reports“Podcast Last week Rep. Eric Budison, R-mo., Indicated that his office had not received any concerned connections from voters about tariffs and insisted that his voters understand the need to employ tariffs as a negotiating tactic. In addition, he stated that the media desperately created a narrative of Trump blaming for inflation through tariffs and that journalists pressed him to the story of terrified telephone connections for this purpose.
“And I have to tell you, John, I didn’t have it,” I asked today my team: “Do you get phones about it? “. They are not – said Burison. “They don’t receive phone calls, you know, people concerned about tariff inflation, because people understand that Trump is, this, you know, it’s a lever point, it’s a negotiating tool he needs.”
“And we don’t want to take it because he looked at what he had already done about it,” he continued. “I am in favor of eliminating as many income taxes or productivity taxes as possible, right? I have always been a fan of fair tax, but I like the idea a bit to better eliminate income tax and replace it with tariffs, because you encourage people to work, encourage people to produce in the United States. “
After the initial announcement of 10% of the Tariffs for Chinese imports, Chinese imposed tariffs on American imports that came into force on Monday. Among them was a 10% oil tariff and 15% tariff for natural gas and coal.
Despite the forecasts of market analytics such as S&P Global Ratings Economics team This anticipated the “negative” effects of the trade war, the markets remain relatively unmoved by the changing dynamics of international trade and several main indexes closed on Monday.
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Ben Whedon joined the information team in March 2022. After prior action as the editor and national security reporter Breitbart News.
Photo “President XI Jinping” by Kremlin CC at 4.0.
