The upcoming wave dictatorial of US President, Donald Trumpit seems to be more targeted In relation to the barrage with which he has occasionally threatened, say his associates and allies, which may to relieve purchases worried about the possibility of a total duty warfare.
Trump is preparing a duty announcement for the ‘Liberation Day’ on April 2 2025revealing the so -called mutual dutieswhich he considers as retaliation for duties and other obstacles imposed by other countries, including the long -term allies of USAaccording to Bloomberg. This means that -according to the scenario of self- It will increase US duties at the height of duties imposed by other countries on US products and not beyond that level.
Although the announcement will remain a very important expansion of US duties, it is shaped as more focused on the extensive form of duties that Trump has otherwise thought, officials who know the matter say.
Trump will announce extensive mutual duties in nations or blocks, but is going to exclude some And – so far – the government is not planning separate, sectoral duties, as Trump once said, officials said.
Nevertheless, Trump seeks direct impact with his duties by planning to announce rates that will come into force Immediately, one of the officials said.
And the measures are likely to further burden the bonds with the Allied nations and cause at least some retaliation, threatening to escalate. Only countries that do not have duties in the US and with which the US has a trade surplus will not be burdened with duties under the mutual plan, one official said.
As is the case with many political procedures under Trump, the situation remains fluid and no decision is final until the president announces it. “April 2nd will be the day of America’s liberation. We have been stolen by all countries of the world, friends and enemies’, Trump said on Friday (21.3.2025). It will bring “tens of billions”, he added, while another consultant recently said that duties could generate trillions of dollars in a decade.
Trump officials have publicly recognized in recent days that the list of target countries may not be universal and that other existing duties, such as in steel, may not necessarily be cumulative, which would significantly reduce the tariff blow in these areas. This includes comments from Trump himself, who is increasingly focusing his observations on mutual measures.
This is already a retreat from its original plans for a global horizontal duty with a single factor, which was later converted into “Mutual” proposal that would incorporate duties and non -tariff barriers. It is not clear which countries Trump will include in his most targeted approach. He has reported the European Union, Mexico, Japan, South Korea, Canada, India and China as commercial abuses when he was discussing the matter, an official said.
Although closer in scope, Trump’s plan is still a much wider push than in his first term and will test the appetite for uncertainty and a number of taxes in imports.
“There will be large duties that will come into force and the president will announce them himself.”On Thursday, March 20, 2025, the White House spokesman for Carolin Levit.
“One of the things we see from the markets is that they expect that there will be these truly big duties in every country,” He told Fox Business presenter Larry Kundlow, who held Hassett’s position during Trump’s first term. “I think markets need to change their expectations, because they are not all those who deceive us in trade, but only a few countries and these countries will see some duties.”
Trump is also committed to combining these duties with sectoral duties on cars, semiconductor chips, pharmaceuticals and timber. The duties for cars, in particular, said they would come to the same lot. “We’ll do it on April 2, I think,” he said at an event at the Oval Office in February.
But the plans for these remain unclear and, from now on, it is not planned to be launched at the same event of the “Liberation Day” event, officials said.
A duty on cars is still being considered and Trump has not ruled out at another time, officials said. But the exemption of the measure from the announcement of April 2 would be welcome news about the car sector, which faced the prospect of up to three separate duties that would burden the supply chains.
The event of the “Liberation Day” may also include some duty upheavals, though this is uncertain. Trump imposed, and then recalled to Canada and Mexico for failure, as the United States said, to slow down fentanyl missions to the US. The fate of these remains deeply unclear: a cessation of Trump in parts of these duties is going to expire, but duties could be completely abolished and replaced with the corresponding number, officials said.
Finance Minister Scott Bessed said last week that Steel and aluminum duties do not have to be added to rates by country. “I will have a better feel as we approach April 2. So they could be stacked, “he told Fox Business last week. In the same interview, he said that about 15% of countries are the worst offenders.
“It is 15% of countries, but it is a huge amount of the volume of our transactions,” he said, referring to them as “dirty 15” and suggesting that it is the goal. “And they have significant duties, and just as important as duties or some of these non -tariff barriers, where they have domestic content, where they are testing our own – whether it is our food or our products, which have no resemblance to safety or to everything we do.”
Trump’s advisers were considering, before they left, a choice of three levels for global duties, where countries were grouped on the basis of how serious the government considered their own barriers, people who know the plans said. This option was mentioned earlier than the Wall Street Journal.
Trump sees duties as a basic tool both to direct new investment in the US and to use new sources of revenue in which he hopes to offset the tax cuts consumed by Republicans.
“Duties will make America more competitive. They will motivate investment in America, “Steven Miran, president of Trump’s Financial Councilors, said in an interview, refusing to analyze the steps.
The White House has also argued that the trillions of dollars in promised announcements from foreign countries and companies provide evidence that Trump’s plans are operating. Miran told Fox Business last week that the talks are continuing ahead of the April 2nd deadline.
“I think it is perfectly reasonable to expect that we could raise trillions of dollars from tariffs in a 10 -year budget window and, as I said before, use this revenue to finance lower rates for US employees.”
However, economists have questioned whether duties would have a substantial impact on the deficit, especially given the risk of inflation or economic deceleration.
Companies could also be adapted, especially if not subject to all countries in contributions. US customs revenue from China increased sharply after the imposition of tariffs in 2018, according to a survey conducted by the Peterson Institute for international finances last year, but then culminated in 2022 and declined sharply in 2023.