Trump’s new tariffs: “Our country was looted and raped” | EUROtoday

In the rose backyard embellished with US flags, folks have been sitting within the entrance row on Wednesday afternoon, to whom Donald Trump owes his second time period. Trade unionists and staff of enormous automobile producers have been invited as company of honor. You ought to witness a historic second during which, within the opinion of financial consultants, the worldwide buying and selling system, which has been created because the Second World War, was raised from the fishing from the forty seventh US President. Trump undoubtedly overthrew the worldwide economic system with a spring prank in a time.

Trump described his announcement as a “most important day in American history”. The customs coverage he introduced means nothing else “than our economic declaration of independence”. The Republican “gave us the responsibility for this step” these nations that looted, branded and raped us “. His country no longer feels like paying the deficits and swearing -in of others. Now “America First” is finally important.

A “base custom” of ten percent will come into force next Saturday. The individual tariffs – for Germany and the European Union it is 20 percent – on Thursday next week. The 25 percent already announced by Trump on cars and auto parts came into force on Thursday night.

Nobody can accuse Trump, he doesn’t hold his word. In the election campaign, the 78-year-old had promised to impose punitive tariffs. The word “customs”, he said several times, was even more beautiful for him than the words “love” and “household”. Four decades ago, according to Trump, he made speeches in which he criticized the “rip -off” of the United States through his own trading partners.

On a large poster, the US President presented Lange series with the names of countries. In a column next to it, the height of these states is supposedly polled on imports from the United States, and in another column which “lowered” customs Trump drows up in return. The European Union, according to the White House, was in second place-including “together with forex manipulation and industrial boundaries”-on an average of 37 percent on US goods. Now the Europeans reciproc get 20 percent on everything they sell through the Atlantic. Trump’s information is incorrect or difficult to understand in Brussels.

Like the EU members, around 60 other countries. China, the largest military and economic challenger in the United States, received 34 percent, some states such as Cambodia or Vietnam imposed more than 90 percent inches.

The governments will now try to negotiate in Washington. EU Commission President Ursula von der Leyen is to comment on Thursday morning. It is expected that Brussels retaliation threaten, but initially relies on a negotiating solution.

Trump is convinced that the trade war he triggered will make America rich. In his view, international companies will settle in the USA in order to be able to sell their products duty -free. “Jobs and factories will come again with roaring,” says Trump. Many economic experts see it differently.

If the affected countries do not find a quick agreement with Washington and react with counter -tariffs, this will primarily hit America’s consumers. In addition, companies based in the United States will use the failure of foreign competitors to raise their prices. It is doubtful that the “America First” supporters will harvest the fruits of Trump’s customs coverage earlier than the primary main political take a look at, the intermediate elections in November 2026.