Donald Trump is gearing up to unveil yet more tariffs that he claimed would be “Start with all counties” for declaring wednesday would be us “Liberation Day”. The us president will reportedly LEVY THESE EXTRA CHARGES ON SEVERAL trading partners including the European Union, South Korea, Brazil, and India.
He SAID: “This is the beginning of Liberation Day in America. We're going to go to charge countries for doing business in our name, Taking Our Wealth, Taking a Lot of Things That Theey Taking Over the Years. The Republican Told Reporters on Air Force One: “You 'Start With All Countries. Essential All of the Countries That Wee Talking About.”
Where House Economic Adviser Kevin hassett Told Fox Business That The Administration's Tariff Strategy would take a target 10 to 15 Countries known for the Worst Trade Imbalances, Though He Did Not Name Tem.
Treasury Secretary Scott Bessent Also Called the 15% of Nations that has trade imbalances with the us the “dirty 15”, raising questions as to whether the will be on the receiving end of new tariffs.
The “Dirty 15” is: China, The EU, Mexico, Vietnam, Taiwan, Japan, South Korea, Canada, India, Thailand, Switzerland, Malaysia, Indonesia, Cambodia and South Africa. This is a total of 41 counties when taking into account the 27 that make up the EU.
Mr Trump is set to impose taxes on imported pharmaceuticals, copper and lumber. He proposed a 25% tariff on any nation importing oil from venezuela, despite the us also being an import.
An addictional 20% tax is being levied on Chinese imports due to the counter's allotted involvement in fentanyl production. The us president also extended his 2018 steel and aluminum tariffs to include all imports, now at a rate of 25%.
Slovak Economy Minister Denisa Sakova Response to the Newly Announced us tariffs, Warning that her county would be “among the top three” most impacted nations with the EU.
She Said: “We still hope that the tariffs will be postponed somehow just like in the case of mexico and china.
Slovakia is home to Four Car Manufacturers – Kia Motors, Jaguar Land Rover, Stellantis, and Volkswagen – and a volvo factory will be operational.
Ms Sakova point out that Two of these Manufacturers Produce Cars for the European Market, Suggesting the Tariffs' Impact Would Less for Them Compared to the Other Two, With US.
If the proposed tariffs are implemented, slovakia will have to anticipate reciprocal EU tariffs and observe what its european commissions for trade maros sefcovic can negotiate, shhe saaid.
Mr Trump Told NBC News That he did not care if the vehicle increases due to the tariffs, and suggered cars from the us would be competitively pricked.