You are recognizing the sentence. You probably heard it in history classes: “You can buy the t model in any color as long as it’s black.” It was Henry Ford, the father of mass production, who said it and looks like young Trump was aware of class, unlike all economists of the last 30 years: “All predictions have made a mistake,” according to Trump
At Rose Garden, Donald Trump introduced his early plan for what he baptized as “Liberation Day” – the method for “making America rich again.” But the White House stratagem so far goes through one word – tariffs.
Trump tried to make this one an innovative and unprecedented idea, but will it be? That is, the intention is to create new taxes on all products purchased by Americans who have been produced abroad.
This will lead to more money to reach the US coffers derived from the highest taxes themselves, but should also foster the American economy, given that national manufacture products will not be taxed soon became cheaper compared to the rest.
It is this second point that has some similarities to the way of thinking of a driver of the US economy through the automotive sector, with which Trump has so worried about. The father of Fordism and series production, Henry Ford, who, on a lesser extent, has done something comparable to what Donald Trump is now trying with the fourth largest country in the world. With the company’s profits, Ford began to pay employees 5 dollars a day, instead of 2.34, with a clear goal: to buy a Ford Model T – the only model produced in the early days of the now Gigante Ford (or at least the idea that they could buy it with the purpose of increasing production).
Henry Ford, The Black Model and the first page of The Detroit Journal in January 1914 (Getty)
As a reflection of mass production, the cost of Model T was economically more accessible than other cars on the market. Henry Ford’s vision was to create the idea that each employee, if he wanted it, could buy any car, as long as it was a Model T. and black, because at the time it was the only one that existed. Consciously or unconsciously, Donald Trump eventually said similar alma on Wednesday: “If they buy a car will have a tax discount.”
Donald Trump did not identify Henry Ford as a source of inspiration, but acknowledged where he was looking at it: copying the past to build the new “golden era of America.” “Let’s build our future with American hands, American hearts, American steel and we will do it with American pride, as we did in the old days,” he said.
It seems, by the way, that Trump ended up applying this idea a little to everything: “Pharmacists will all come back, because if they won’t have a big tax account to pay,” said the US president, as if they were the US they were the only medicine buyer in the world.
For Trump, this is “the time for the US to thrive, to begin to be smart and to be rich again – so rich than any other country in the world.” “It’s unbelievable,” the US president exclaimed, justifying that US coffers are not just a buckling because they are “stolen for over 50 years.”
“We have a lot of good news today. Today is Liberation Day, long awaited,” said President Donald Trump, noting that “no one would be so friendly while being stolen” as former US presidents. It was also the day to “make America rich again.”
The tariffs are reciprocal, now it is “built, build, build”
About the tariffs, the White House boss ensures that it is time to “put America first”. “We take care of countries all over the world and when we cut a little, but we have to take care of our people,” he said.
Trump guaranteed until he was sweet and kind, because “the tariffs could be totally reciprocal.” And why aren’t they? “We didn’t want to do it, because it would be too hard for some countries,” he explained. An example of this is the European Union, which all “see as friendly, but are very hard negotiators”: “They are stealing us and is pathetic,” argued Trump.
Prior to any attempt, the Republican leader warned countries that they are thinking to go to Washington, DC to ask exemptions from the tariffs: “End with your own tariffs, demate the barriers and do not manipulate your coins.”
After this, it is waiting for what is coming, as the US president anticipates: “Growth as they have never seen before and has started,” rowing with “Build, Build, Build [construir, construir, construir]!”
Donald Trump comes up with a poster with reciprocal tariffs (AP)
As tarifas
The European Union is not even close to the hardest and will be charged by 20%. Vietname will have to pay 46% rates, while Cambodia will have to pay 49%.
China, which the president of the United States says is taxing at 67% to Washington’s economy, DC will pay 34%.
Japan advances to 24% tariffs, while India has 26% tariffs from now on. And the minimum number will be 10%, which applies to countries such as the United Kingdom. In total there are 76 countries aimed at.
Trump says rates are just a response to rates that foreign countries apply on imports from the US and warns that “these tariffs are not fully reciprocal, they are more or less reciprocal.”
Everyone was wrong, except the young Trump
The US President explains that this decision also arises because “all economic predictions of the last 30 years have been wrong”: “They made a mistake in China and made a mistake in the transatlantic agreement.”
“When I was young and beautiful I was already talking about it [de os EUA serem maltratados pelo resto do mundo]. In my old television speeches, I said and warned that we were stolen by these countries. In fact, nothing really changes, the only thing that changed I think it was in fact the countries. It is an honor to finally be able to do this, “he reiterates.
For Trump, the future to rebuild the US economy seems to go through the industry by “producing cars, chips, ships, planes, minerals and medicines,” all the country needs. A kind of closed economy alienated from the idea of a global free market.
“We have to celebrate what the administration is doing, because this will be a totally different country in a short time. It will be something the whole world will be talking about,” said Trump, remembering that they have only spent two months since he was sitting in the Oval House Oval Room.
