US President Donald Trump announced reciprocal duties on the import of all EU goods of 20 percent on Wednesday.
In a speech in the White House Rose Garden in Washington Trump, he explained some details about the implementation of reciprocal duties. “We will remain polite because we will only charge half the customs that was charged,” he stressed. “The European Union charges us 39 percent, we will charge them 20 percent. We charge less, so there is no reason for anger,” Trump said.
He presented the height of the target to the audience in the pink garden on the board. From these data eg. It follows that duty on goods from China will be 34 percent, 24 percent of Japan, 25 percent of South Korea, 30 percent of Switzerland, from Britain, Australia and Turkey for 10 percent, 32 percent of Taiwan and 26 percent to India goods. The goods from Israel and the United Arab Emirates will be 17 % duty.
“Historical Command”
At the beginning of his speech, Trump informed that he would sign a regulation on the introduction of reciprocal – retaliatory – tariffs against states “worldwide”. He explained that it would be “a historical executive order misleading reciprocal duties in countries around the world.”
“Reciprocal – that is, they do it to us and we do,” Trump explained. He added that, in his opinion, “this is one of the most important days in American history … the day of declaration of economic independence.”
US economic independence
He added that he is now on the United States to prosper. “We will be able to make America a big, bigger than ever,” he declared.
According to Trump, the United States was “plundered, looted and destroyed by close and distant states, allies and enemies for decades.” He also criticized the abilities and performance of Democrat Joe Biden’s administration.
Among other things, the US President promised to return jobs to the United States and introduce greater competition, which he believes will reduce prices for US consumers. He said he was pleased to record that “large companies are returning to the United States.” “If you want your duties to be zero, make in the United States,” he said.
Subsequently, in a speech, he focused on Canada, Mexico and China, pointing to Canadian taxes of 25 percent of US dairy products, as well as prohibitions on US poultry imports into the European Union and American beef to Australia. Trump said he “understands” these countries, but announced that the United States is going to “do the same.”
A complete list of countries to touch duties:
Trump: Friends are worse than enemies when it comes to business
At the end of his speech, he confirmed that from April 3, 25 % of the imported cars will be paid. “It starts today (Wednesday) at noon.” “It is time” for the US to introduce reciprocal duties, continued the president and then began to appreciate what he considers as a business imbalance.
“Friends are worse than enemies when it comes to business. We want to protect ourselves and I don’t show my fingers on other countries that do what they have to protect,” Trump said.
