The White House confirmed on Tuesday that President Donald Trump will put on new duties on Wednesday. However, he did not provide any details about the size and scope of trade barriers that make companies, consumers and investors worry about the tightening global trade war.
When asked during Tuesday's press briefing about the “mutual duties” announced by Trump – in theory to equalize American rates with those used by other countries – a spokeswoman for the White House Karoline Leavitt said that they would come into force “immediately”.
President's speech
The president is to announce duties during a speech in the Rose White House on Wednesday at 16 local time (22:00 in Poland). The imposition of duties is to be – as he put it – “the day of liberation of America”.
Leavitt announced that in a speech Trump she would refer to “decades of dishonest commercial practices that ripped off America and American workers, hollowed out the middle class and destroyed the heart of the country.” However, she refused to provide details of how new duties would work.
Media reports, as well as Trump's statements and his office members have changed on this subject in recent weeks. It was said, among others on the imposition of duties on 15 countries with the largest trade surpluses in the exchange with USAat different rates for all countries of the world, and recent reports, among others The Reuters agency talked about the 20 % flat introduction. rates for imported goods from all countries.
Leavitt said on Tuesday that many countries have recently turned to try to negotiate the matter of customs duties with administration, but stated that although Trump is always open to talks, the only certain way to bypass customs is to transfer the production of foreign companies to America.
In addition, on Wednesday at midnight, 25 % secondary duties will come into force on products from countries buying crude oil from Venezuelaand on Thursday – 25 % Dutch for cars, light trucks and car parts from abroad.
Source of the main photo: PAP/EPA/SHAWN THEW