Looking at the planet, pending the imposition of young people by the US president, according to today – as he himself described it – “a day of liberation”. The financial staff of the 47th US President makes the latest additions to the plan that Donald Trump is expected to unfold at 4pm (local time).
Although many details of the plan remain unknown, it is expected that, according to the US CNN network, it is “… the most aggressive tariff movement from the most obsessive duty president in modern history”.
Appointment at 4pm in the garden of wheels
Donald Trump met with his financial staff yesterday, Tuesday (1/4), and “… the duties he will announce to a ceremony at the Rhodes Garden at 4 pm They will come into force immediately, “said Carolin Livit’s spokesman.
“Donald Trump is committed to imposing duties as a solution to almost any problem. And the president has kept his promise, so much that it causes a great deal of disruption to investors, economists, chief executives and a large part of the population, who fears that import taxes will do more harm than good. But Trump’s efforts to duties so far may be compared to what will follow, “the US network said.
The scenarios
He notes that it is still unclear whether the US president plans to impose individual duties on all US trade partners, or only on certain countries. Still, the scenario of implementing a universal duty, perhaps up to 20%, in all imports. “A 20%universal duty, combined with retaliation by other nations for American products, would be a” worst scenario “for the US economy,” Moody’s Analytics chief economist Mark Zadi said Tuesday.
An economic ‘extinction’
A Moody’s simulation found that such a escalation of the trade war would eliminate 5.5 million jobs, raise the unemployment rate to 7% and cause US down 1.7%.
“If that happens, we will have a serious one. It is a disaster for it, “Mark Zadi said, expressing his conviction that the US president would announce a less extreme measures to avoid serious damage.
Will it start with the “Dirty 15”?
There are many thoughts on the forthcoming announcements of the US president. One idea is that mutual duties will start first with the “Dirty 15”, or 15% of the nations with which the United States have the largest commercial deficits. This idea, proposed by Finance Minister Scott Bessed, would represent a massive escalation in the trade war.
However, critical details on tonight’s announcements remain unclear, including how high duties will be imposed and on which products.
