Donald Trump has compared to a 10% minimum of reciprocal tariffs against the “friend and enemy”

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• President Donald Trump has announced long-awaited mutual tariffs America’s trading partners Wednesday. The United States will apply about half of the other countries about half and a minimum of 10% tax tariffs. “We subsidize many countries,” he said. “We don’t take it anymore.”

President Donald Trump is the day of the tariffs promised to enrich the American.

On Wednesday, Trump reported that the United States had swept tariffs with trade partners, and the appointment of other countries in about half of America in about half of America. He will also apply the US minimum tariff, also Trump, a speech from the White House’s Garden of Gul.

“They are doing this, we are doing them,” Trump said that Trump said that the American was caused by America.

As a presidential speech, a close sign with charts and shared special examples: Chinese taxes have organized 67% in the United States, the United States is a foreign exchange manipulation, so the United States will give 34% of the United States. Trump said that the European Union’s total money against the United States is 39%, so 20% of the United States will issue taxes, he said. The United States will introduce South Korea to South Korea, 24% in Japan and 32% in Taiwan.

“None of our companies will not enter other countries,” he said. “I say, friends and enemies, in many cases are worse than a friend.”

Trump has also confirmed that at midnight will place 25% of tariffs to foreign cars and parts in midnight. “We subsidize many countries,” the President blames the trade deficit for the US debt issue. “We don’t take it anymore.”

Trump’s election day before the victory some economists notier The tariffs promised by the campaign trail can be inflation. Since then, again, again, re-tariffs and the threat of global trade war just pushed the S & P 500s Correction Area and a tank consumer feelingBut be off calls down the recession In the world of large banks and finance. When the Central Bank comes to the tempo of interest, waiting in waiting and visual mode.

The fear around the levies, companies are subject to imported goods, these costs tend to give consumers to consumers. Americans suffer from extreme prices after four decades of high decades, which are extremely hot after inflation. The federal reserve itself sees the tariff inflation inflation transient. If business and consumer expenses are declining as a result of price increase, it can slow down the mixture of smooth growth and high level of inflation in Stagflation. Recently a thinking tank The tariffs are called “A recipe to worsen Americans.”

This story was first displayed Fortune.com

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