The president of United States, Donald Trumpremodeling the global system of business. And he’s just starting.
Trump’s regime came into force last week, consolidating the new world order fueled by ancient – and often questioned – to reorient seven decades of global trade.
But the days before this moment offer a view of a president who, according to advisers told the CNN Internationalit is increasingly bold, confident and inflexible in its belief that its unprecedented use of tariffs so that, virtually everything, it has not brought any disadvantage.
It is a view that corporate executives, foreign leaders, and a considerable list of economists would vehemently dispute, citing a number of warning signs in underlying economic data, results conferences and geopolitical maneuvers.
Trump is irreducible and ready to aggressively expand his brand in one.
“Tariffs are your Swiss knife – there is not a single issue that comes to your table that cannot be resolved through them,” he told the CNN International a high administration official.
“I believe the experience of recent months has proven that this approach is correct – and probably turned the Swiss knife into a Swiss chainsaw.”
As well as bilateral commercial structures loaded with countries with countries representing approximately 60% of the gross worldwide domestic product.
Tariffs about, they are also active. High sectoral rates on pharmaceutical products, wood, critical minerals, aircraft, polysilio and trucks are in process and should be implemented in the coming weeks.
The exact dates seem to depend entirely on Trump and their commercial teams.
Real rates for these sectoral tariffs? The same, but according to all reports, only increase weekly, with Trump recently setting the level for chips and semiconductors in “approximately 100%” and
The employee was reporting observation about the universal use of Trump tariffs intensifying approximately at the same time as his country was leaving the capital on Wednesday (6) without an agreement.
It was a very colorful coincidence – and revealing.
Race to get a vacancy
World leaders and their commercial teams have ran to close agreements to reduce new rates, just to be rejected.
Business leaders or their well -paid guides in Washington insisted that there are clear opportunities to guarantee exemptions and exceptions, but found that there would be no easy way.
“Trump is always listening, always accepting offers,” said a lobbyist. “But yesterday’s price is not today’s price, as I realize it – he wants large numbers, great commitments, great demonstrations of success.”
Hundreds of billions of dollars in corporate promises and investment commitments have served as the most coveted elements of Trump’s bilateral commercial structure, employees say.
Trump specifically cited these commitments as a way for countries to “slaughter” threatened varying rates.
Trump’s advisors formulated plans to use these commitments to strengthen the weaknesses and vulnerabilities of the US supply chain.
The structure, while still ongoing work and subject to some disputes between the US and its counterparts, serves as an innovative and certainly unprecedented vehicle to address national security concerns in critical industries and products, employees say.
Trump’s view of investment commitments is framed in a somewhat different way.
“If you look at Japan, we are receiving $ 550 billion, and this is like a signature bonus that a baseball player would receive. They give a one million dollar signature bonus, or $ 2 million, or $ 20 million, or how much they give today,”
“So I got a $ 550 billion Japan signature bonus. This is our money. It’s our money to invest as we want.”
In other words, Trump wants exactly what Apple’s CEO, Tim Cook, provided in the Oval Hall on Wednesday with the
The personalized 24 carat gold and gold statuette that cook revealed theatrically in the middle of the ad also did not hurt.
Long Term Exemption for Apple
Trump, just hours before appearing with Cook in the Oval Hall,
This rate, if in force in three weeks, will raise US tariffs on all imports from India to 50% -.
The underlying reason for Trump’s escalation, despite the pretext of depriving Putin’s Critical Cash Flow War machine, was India’s refusal to eliminate virtually all of its tariffs for US producers, according to several officers reported to CNN International.
Punitive India tariffs, where Apple has a significant manufacturing presence, would seem to be a big problem for a CEO like Cook.
However, White House officers made it clear that, in the short term, existing exemptions on specific technological products meant that Apple would not be affected immediately.
Trump, in an unexpected announcement during the event, made it clear that these exemptions would also remain valid in the long run.
“Let’s impose a very high rate on chips and semiconductors, but the good news for companies like Apple is that if you are building in the United States, or have committed to build, undoubtedly, committed to building in the United States, there will be no charge,” said Trump.
Ending the business
There is no shortage of questions about the final form of trillions in investment commitments described in corporate promises and trade structures with foreign counterparts.
There is a significant technical and legal work ahead in bilateral agreements, which in many cases have been revised and remodeled by Trump’s own hand in meetings in the Oval Hall and are now the subject of some disputes in foreign capital.
But Trump’s advisers hardly seem concerned with their ability to finish the terms in the coming months.
“The method for making countries and companies in these countries comply with their commitments is naturally tariffs,” said the high administration official.
