Trump told reporters that tariffs on drugs and semiconductor chips start at “more than 25%,” and want to significantly raise existing tariffs without specifying a date, and leave the manufacturer to set up a US factory. . Avoid these tariffs, Lebanon Al Mayaden reported.
He did not provide details on tariffs on cars other than dates, but Trump has long planned this move, with foreign markets on US car exports like the European Union, which collects 10% tariffs. He has expressed his disdain for his treatment. Vehicle import.
Trump’s tariff gusts have made the United States “a scary place to invest,” according to Nobel winner economist Joseph Stiglitz. : A kind of stagflation. ”
He said Elon Musk’s Department of Government Efficiency will significantly cut government departments without Congressional permission, and the US President’s rudeness in the contract will put investment in the US at risk.
“There are huge numbers of contracts in the government, and we’re just tearing them apart. How much risk do you need? The US has become a scary place to invest,” Stiglitz said. I said that. See the scenario where you reach stag flation. It provides inflation and economic weakness. ”
Trump’s trade adviser said last Wednesday that he was forced to impose a 25% tariff on all steel and aluminum imports into the United States. The plan for mutual tariffs was finalized.
The tariffs on steel and aluminum sparked a strong response from the European Union, with EU chairman Ursula von der Leyen expressing that she deeply regretted the decision. We will act to protect that interest. ”
German Prime Minister Olaf Scholz has promised that the EU responded to Trump’s tariffs, “If the US does not leave any other options there will be a united EU response.” Trade wars always cost prosperity on both sides.
The Canadian Foreign Minister expressed deep concern about the possibility of US tariffs on February 15, describing them as “existential threats” to Canada despite the US decision to push back tariffs for 30 days. I did.
MNA