Here we go again: latest Trump tariff deadline looms amid inflation concerns | Trump tariffs
When Donald Trump introduced the “Day of Independence” tariffs in the spring, only days later, he tried to temporarily present the climbing of the authorities while passing through panic global markets.
Three -month crazy talks claimed that the Trump administration would make dozens of trade agreements with countries around the world. White House Trade Advisor Peter Navarro said Fox Business Network, “We will run”. “Ninety agreement is possible in 90 days.”
The 90 -day pause that Trump ordered in his upright tariffs rose almost and 90 agreements did not take place. The US is again on the verge of launching a trade attack against dozens of countries, 27% in Kazakhstan, 47% in Madagascar and 36% in Thailand.
Orum I don’t think about the pause, de President claimed that the President was asked at the beginning of this week during a briefing with reporters. “I will write a letter to many countries. And I think you are starting to understand the process.”
Business leaders, lobbyists, economists and investors may not agree. Even the authorities of Trump’s own management sometimes fought to continue. Another cliff edge appeared and forced them to return to a familiar question: will it actually go by this?
Orum I suspect that he is serious, ”he said,” I suspect that he is serious, ” “I think it will pass to the countries that negotiate in good faith. However, as of July 9, there will be big tariffs that the US has not seen since the 1930s.”
A handful of agreements emerged by cooling some tensions. A partial agreement with the UK emerged before an agreement with a sensitive ceasefire and Vietnam with China. It is said that the authorities also participated in a “frame” regulation with the EU.
However, these breakthroughs were significantly narrower than traditional free trade agreements, which will take years to hammers. Busch said, “These are not real trade agreements. “These are the purchasing agreements thrown with some of the things that can relax or relax Trump for a while.”
Even if Trump extends 90 -day pause next week, or Breakneck Pace hits numerous agreements, the current tariff levels are still much higher than before returning to the office. The effects of this are still floating at prices for US consumers.
Goldman Sachs President John Waldron said, “The US economy is definitely breaking more than some kind of narrative or expectation immediately after the day of liberation,” he said. “There is an expectation that we will see more inflation during the summer.”
If the US medium -sized enterprises protect a 10% universal rate in all imports and 55% higher in China and 25% higher in Mexico and Canada analysis By JPMorganchase Institute.
Analysts in the Institute, such firms, “regional economies and as part of larger supply chains play an important role,” he said. “If they fight, it may cause fluctuation effects for other businesses and communities.”
If the “Salvation Day” tariffs are re -inflamed after pause, costs will increase significantly. However, even if not, the tasks Trump already introduced and remained in force leave companies with a heavy invoice.
Busch said that the management’s walking tariffs in a country dramatic dramatic and then back them back to them, and the game book said, “One day, the prices increased prices 100% and announced 30% sales another day,” he said. “This problem is still extremely extraordinary,” he added. “American businesses already eat and transfer some of these tariffs to consumers.”
No senior Federal authority was more vocal than Trump’s Federal Reserve President Jerome Powell, who kept the US interest rates to see how the trade strategy of the administration set out, despite Trump’s public demands and attacks.
“Someone has to pay for tariffs, Pow Powell said at a last press conference, how the cost is filtered from a supply chain to the purchase of a product from the first manufacturer to purchase a product. “Throughout this chain, people will try to be the person who receives the cost.
“But ultimately, the tariff cost needs to be paid and some of them will fall to the end consumer. We know that. Businesses say this. Data say from past evidence. So we know that this comes.”
Trump does not see this in this way To insist on the taxes on other countries rather than US businesses and consumers.
Regardless of the next few days, those who try to enter a longer-term view believe that their main actions in recent months-such as applying 10% tariff to the West can remain in place for the next years.
Oxford Economics Chief Economist Michael Pearce said, “We think that high and large -based tariffs are likely to stay here, because they prove that trade policy is the most successful in increasing income from all the alleged goals.” “Considering the coming financial difficulties, these revenues will be difficult to replace future administrations.”
