100% tariff from India, 50% from European Union: What did the White House say on Trump’s plans

Amid suspense on US President Donald Trump’s “Liberation Day Tariff” schemes, White House spokesman Karolin Levit confirmed on Monday that there would be no discount on mutual tariffs. Listing the tariffs planted by foreign countries on American products, Ms. Lewitt said that “unfair trade practices” need to stop.

It comes when President Trump prepares to announce a round of mutual tariffs on 2 April, one day he labeled the “Liberation Day” of the US.

“Wednesday’s goal is a country-based tariff, but certainly the sectoral tariff. The President has said that he is committed to implement them, and when he declares it, I will leave him,” Levit said, “Levit said,” this is the time for mutuality. “

Holding a piece of listing on a large -scale tariff list from the European Union, India, Japan and Canada, a spokesman for the White House Press said, “If you look at unfair trade practices, we have 50 percent from the European Union on American dairy. 700 percent of tariffs from Japan on American rice.

“It is almost impossible for American products to import to these markets, and it excludes a lot of Americans from business and out of work in the last several decades,” he said.

Countries often make foreign imports heavy to protect important industries or sectors for their economies. The mutual tariff of President Trump aims to match the high tariff rates of other countries for specific items and to compensate for non-tariff barriers that export us to a loss.

The Trump administration has argued that tariff discrepancy is unfair to Americans and causes damage to their homegron companies and workers.

Ms. Levit pledged that Trump’s new tariffs would bring “historical changes” in America’s trade relations, “,” Unfortunately, these countries have been stopping our country for a very long time … and they have despised their disdain, I think, is quite clear for the American worker. ,

Trade barrier report

Meanwhile, the Trump administration also released a encyclopedia list of policies and rules of foreign countries on Monday, which is considered as trade obstacles, two days before the global business partners proposed with mutual tariffs.

The office of the annual National Trade Estimate Report of the US Trade Representative on foreign trade obstacles lists the average applicable tariff rates for the business partner countries and from non-tariff barriers to renewable energy requirements and food safety rules ranging from renewable energy requirements and public procurement rules.

“No US President has recognized widespread and harmful foreign trade obstacles in modern history,” US trade representative Jaimison Greer said in a statement.

“Under his leadership, this administration is working diligently to address these unfair and non-existent practices, which helps restore fairness and puts hardworking American businesses and workers in the global market first.”

It is not clear how the 397-Page report will affect Trump’s mutual tariff schemes.

What did the report say?

Many of the listed trade barriers are technical in nature or the result of government regulation that blocks some American exports, such as delays in the European Union ban on agricultural imports with genetically modified crops or some types of pesticides.

The report saw the need of a new European Union of a new European Union of recycled material recycled in plastic packaging as “injustice for the US exports”, saying that the US would work with the European Union on the implementation of the rule.

The report also highlighted prolonged sources of trading disputes, such as Canada’s “Supply Management” system for its dairy, poultry and egg industries, which uses the production limit on import quota and high tariffs, with out-of-povot tariffs on cheese to 245 percent and 298 percent.

This listed Watts and their implementation, which is cumbersome for American imports in Argentina, Mexico and some other countries including the United Arab Emirates. The report stated that China’s VAT exemption uses a type of subsidy to encourage export of some products.

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version