Do not expect Trump to revoke the tariff import policy, a global commercial war will be long

JAKARTA – President of the United States (US), Donald Trump underline this policy import rates The last one recently announced by him will not change. He defended his controversial decision to implement Rate of reciprocity massively in most American trading partners.

The steps announced earlier this week shocked the global market and triggered the reaction of world leaders. Washington has introduced the import fee in all countries based on the mutual principle, Trump has called -the day of economic independence for the United States.

“For many investors who come to the United States and invest a large amount of money, my policy will never change. This is the right time to become rich, richer than before!” Trump wrote on the Social Platform Truth, as RT reported.

The president still insisted, even when the new import rate hit the US stock market to reach the worst level from Pandemi Covid-19 in 2020, where Dow Jones dropped 2,231 points on Friday.

The president of the US Federal Reserve, Jerome Powell, said that the impact of raising increases was clearer, will have a greater impact than the previous prediction.

“In the meantime, the rate is very likely to increase temporarily in inflation, it may also be more persistent,” Powell added.

Meanwhile, the spokesman of the White House, Karoline Leavitt, denied that the restriction would harm the US business. “There will be no pain for companies owned by Americans and American workers, because their work will return home and again for prices, President Trump works on tax discounts to return more money in American pockets,” he told Newsation on Thursday.

On April 2, Trump announced a 10% basic fare for all additional imports and import taxes in tens of tens that, according to him, had an unfair commercial imbalance. The president argues that many countries “cheat” Americans through “dangerous policies, such as currency handling and additional taxes whose value is exorbitant.”

China reacted immediately by imposing a 34% rate to American goods, equating to trump taxes on Chinese products. While the European Union (EU) has condemned the new US import rates and promised to adopt “additional countermeasures” in response.