“Keep strong,” said American citizens today (5/4/25) Donald Trump After the entry into force of the additional 10% duties that he himself imposed on much of the products imported to USA From almost around the world, with the US president recognizing that this “will not be easy” in the face of inflation risks.
This universal threshold of 10%, in addition to the customs duties already existing, are a shock to world trade, with shocks expected to grow in the coming days. “This is an economic revolution and we will win,” US President Donald Trump wrote in capital letters today.
He posted the Truth Social platform, saying to his compatriots “keep firm, this will not be easy”, but promising that “the end result will be historical.”
The new Trump duties have shocked the global economy and financial markets worldwide have suffered huge losses. Only on Wall Street, $ 6 trillion has disappeared in the last two days, according to data by Dow Jones Market Data.
Indeed, yesterday (4/4/25), the president of the US Federal Bank (Fed) Gerom Powell presented in dark colors the prospects of the US economy after new duties and their financial impacts include higher inflation, slowing growth and greater unemployment.
Duties that come into force today exclude some products – such as oil, gas, gold, copper, silver, palladium, timber for construction, semiconductors, medicinal products and minerals that do not exist in the US – are added to existing ones.
The new duties also do not concern steel, aluminum and imported cars that have already imposed a 25%duties.
The account will be even greater than April 9 for countries exporting more products to the US than they import from it. Duties for imports from China will reach 54%for these from the EU 20%, for Vietnam 46%and for Japan 24%…
According to the official document presented Friday by the US government, new duties concern about 80 countries and regions, including 27 EU member states.
Both Canada and Mexico, subject to another regime, are already paying a price from the trade war that the US president began since he began his second term.