Washington- The Americans celebrate the British Crown on the fourth of July of each year, which is today corresponding to the anniversary of the accreditation of the Independence Declaration Document in 1776.
The Americans gather on this day, organize festive marches, fire fireworks, and concerts are spread, and families are collected from the retardes of ethnicities and races, in appreciation of the importance of celebrating the history, government, traditions and generator of the American state.
However, President Donald Trump pledged to the Americans that the second of April was the day of the American liberation.
Trump says Wednesday will be “liberation day.” This means the moment in which he plans to launch a set of unprecedented customs tariffs that will be freed from the United States from foreign goods.
Trump undertakes that customs definitions can restore the creation of the golden age of America, and renew its independence. He talked about imposing taxes on the European Union, South Korea, Brazil, India, China, Japan, Canada and Mexico.
What will happen on April 2?
Trump promised to impose mutual customs duties on the rest of the world that impose fees on American products. It is a step that may lead to its adoption of major changes in the World Trade System, which may affect every American citizen.
In an interview, last Sunday, with NBC News, Trump said he did not disturb him if customs tariffs caused the high prices of cars, because cars that contain more American content can be more competitive. “I hope to raise their prices, because if they do so, people will buy US -made cars,” he added.
Trump also indicated that he would be flexible in his definitions, saying that he will treat other countries better than he dealt with the United States. But he still has many other taxes coming on imports.
Some Trump aides indicate that the definitions are tools for negotiating trade and border security, while others say revenues will help reduce the federal budget deficit. Trade Minister Howard Lootnick stated that they would force other countries to show respect for Trump.
The markets did not wait until April 2, as US financial markets have already lost trillion dollars from the value of stock markets during the past days and weeks due to Trump pledges, which have exacerbated fears of recession as consumer’s confidence in the power of the American economy declined.
Trump logic
Trump claims that America has been stolen, because it imports more commodities than it is issued, and believes that by threatening to impose definitions on foreign imports coming to the American market, it will force companies to transport manufacturing and supply chains into the United States, and thus create job opportunities and revive the areas known as “rust belt”, which factories left after their transfer to China and Mexico.
However, there is no guarantee that companies will return production to the United States, because this re -guidance will take years and assume that they will not be fulfilled during the years of his rule.
Many support Trump’s goal of trying to revive the areas affected by the loss of factories. The economic transformation brought about by globalization was painful, as it stripped societies of horizons and contributed to the spread of drug addiction and alcoholic drinking.
Trump administration officials argue that Trump’s policies will restore the economic life of cities, provinces and states that paid the price of globalization practices.
At the New York City Economic Club Forum, which was held last month, Treasury Secretary Scott Bessent said, “Reaching cheap goods is not the essence of the American dream.
Trump’s dangers
Trump states that the following steps may lead to raising prices at a time when American families budgets are already to deplete, but it implicitly requires everyone to accept a strategy, and promises that the benefits will prevail in the future, and that they deserve and require sacrifice now and for years to come.
On the other hand, at the beginning of his second reign, the president risks a violent political reaction that may cost Republicans to the simple majority of Congress they currently enjoy in the midterm elections for Congress next November.
Trump’s point of view ignores the imposition of a 25% tariff on cars, the nature of the integration of car manufacturing operations, even the American, among several countries, mostly with Mexico and Canada.
Some manufacturing pieces from the two neighboring countries are dedicated to their cheap prices. Hence, Trump’s imposition of expected tariffs will automatically raise the prices of American cars, and the American consumer will be borne in the first place. And if the import of some parts from outside the United States is dispensed, provided that they are manufactured internally, the cost will rise.
Trump is not convinced that the structure of the American economy is no longer industrial, and that this is mainly not a bad thing. America is distinguished in service industries, technology and trade based on artificial intelligence and cybersecurity, which gives it huge competitive advantages against its trading partners.
When it was announced by customs tariffs on cars by 25%, last week, White House commercial advisor Peter Navarro – Fox News Sunday channel – said, “We will raise about $ 100 billion annually from car fees alone.”
He added that other definitions will bring about 600 million dollars annually or about 6 trillion dollars over a period of 10 years. As a share of the economy, this will be the biggest tax increase since World War II.
“This is the beginning of the Liberation Day in America, we will impose fees on the countries that come to us, take over our jobs, and take our wealth. They took a lot from our country, friends and enemies, and frankly, the friend was often worse than the enemy,” Trump says.
“I think we will achieve what I call the golden age of America. I think this will be the golden age of America.”
(Tagstotranslate) The American (T) Politics (T)) The United States of America