- Trump argued that his decisions were a “declaration of economical independence” that would lead to the return of America’s “golden age”
- It so increases the basic work rate to 10%. It will besides enter into force 25-percent. customs work on imported cars from abroad
- Customs duties for the European Union will be higher. “You think about the Union: “very friendly” and they bargain from us. That's pathetic. We number 39 percent, so we give them 20 percent of the customs duties," said the president of the United States
- For more information, visit the Onetu homepage
“We have very good news. quite a few good things are happening in our country. It's liberation day. We've been waiting a long time. On 2 April 2025, it will be remembered forever, due to the fact that the American manufacture will be reborn," said Donald Trump at the outset.
The president of the United States argued that his decisions were a "declaration of economical independence" which would lead to the return of America's "golden age".
— another countries stole our intellectual value, imposed excessive VAT, adopted bad regulations... From a commercial point of view, any friends were worse than enemies, he acknowledged.
The United States is raising customs duties. Trump on the European Union: They robbed us. It's pathetic.
Trump then announced that the USA would introduce a minimum 10-percent import work from all countries from April 5. However, he confirmed that from 9 April Washington would introduce even higher duties for a peculiar group of states. For the European Union we are talking about 20%, but in a worse situation are China (34%), Switzerland (31%), India (26%), South Korea (25%) or Japan (24%).
“The European Union is tough on us. You think of the Union: “very friendly” and they bargain from us. That's pathetic. We number 39%, so we will give them 20% of the customs duties," said the president of the United States.
He besides appealed to all abroad leaders, "who will shortly call to ask for exceptions to these duties". “Stop your own duties, remove barriers, do not manipulate your currencies,” he said.
In addition to this, it will become applicable the previously announced 25-proc. customs duties on cars produced abroad. The rate to date was 2.5%.
U.S. trade barriers have not been so advanced since the large Depression in the 1930s," notes Politico's service, describing Donald Trump's decisions.
