US President Donald Trump announced that it will bring new customs duties for automobiles, aluminum and pharmaceutical sectors in the coming days. Speaking at the cabinet meeting at the White House, the President emphasized the strategic importance of these products and said that the country should self -sufficient in case of possible war or crisis.
Trump: US has been robbed for years
In his statement, Trump argued that America has been “exploited” by other countries for years. He said new customs duties aim to protect the American industry and reduce foreign trade deficit. The President implied that this move could cover the products imported especially from China and Europe.
It can come into force at the beginning of April
US Trade Minister Howard Lutnick said at the meeting that Trump plans to activate large -scale taxes on April 2. He also announced in this process that a new mechanism called “External Income Service” will be commissioned. It is stated that this system will contribute to the American economy by gathering more taxes than imported products.
While it is wondering how new customs duties will have an impact on international trade, possible retaliation moves, especially from Europe and China, can create anxiety in global markets.
As Kriptokoin.com, Trump applied taxes under the previous presidency in the European region. At that time, Bitcoin was clearly damaged by policies.
Trump’s new customs duties decision is considered a step that can shake global trade balances. This move, which targets automobiles, aluminum and pharmaceutical sectors, is closely monitored by the Chinese and the European Union, especially the largest trade partners of the USA. Taxes, which are expected to enter into force on April 2, create uncertainty in global markets, while re -exacerbate international trade wars. This decision, which aims to strengthen the US industry, can also lead to price increases for American consumers. It is a matter of curiosity how to respond to these tariffs in the coming days.
