US President Donald Trump signed on Friday (5 September) of the executive regulation which Includes a list of duties exempt products as they cannot be produced or grown in the United States. TASR informs about this on the basis of the Yahoo report.
The Directive allocates 45 categories for zero duties. The administration admits that The US cannot be a self -sufficient country in two specific categories such as unavailable natural resources and closely related derived products, and also certain agricultural products, that do not grow or produce in sufficient quantities in the United States to satisfy home demand.
A large part of the Trump administration policy was powered by an effort to restore the US production capacity to the 20th century. But The introduction of two -digit universal duties to import from abroad has also affected a number of goods and agricultural products that simply cannot be produced in large quantities in the USsuch as avocado or bananas.
“If you grow something and we don’t grow it, it can be a duty,” said American trade minister Howard Lutnick at the end of July for CNBC. “So if we conclude an agreement with a country that grows mango or pineapple, then they can be imported without duty. Coffee and cocoa are other examples,” added. Now all these and other items on the White House list with zero clom are now.
“I think there is a way in which Trump has quietly showed a willingness to adapt to the economic reality of his business policy,” said Peter Harrell, a former White House Adviser to the International Economy of the Ex -President Jo Biden. “I think there is actually more evidence that he is willing to free products that think that costs will get out of control.”
Harrell pointed out the list of exceptions that Trump’s administration reported when introducing duties of 50 % for Brazil, which included Brazilian nuts or specific aircraft components. Other economists have a similar opinion: “Dlows cannot circumvent natural laws. Bananas need tropics, coffee needs altitude, ”wrote Justin Wolfers, Professor of Economics and Public Policy at the University of Michigan on social network X.
