US President Donald Trump hit the markets with fresh tariff threat on Friday and continued his Lyshot in China to impose even more stricter license licenses to foreign entities trying to move the minerals of critical rare countries from China.
Donald Trump, through a post on social media, said it would store a new 100% tariff to all exports tied to the US from China, because Trump’s custom book on the laying of its own voters to punish foreign nations is still being played.
As Trump’s administration reaches a new import tariff, it is necessary to solve other people in the Trump team. The US government is currently in the shutdown regime after the Senate has not agreed to finance federal operations, making it difficult to account and collect new trade taxes on the border.
Global markets are currently in shutdown mode, with US stock exchanges darling for the long weekend of Columbus Day. However, the treasury of the treasury is held at the end and investors are returning to a very different sentiment view Tuesday.
Tariffs questions
The tariffs are the overall obligations selected from certain imports or product categories. The tariffs are designed to help local manufacturers more competitive on the market by providing a price advantage over similar goods that can be imported. The tariffs are widely used as tools of protectionism, trade barriers and import quotas.
Although tariffs and taxes create government income to finance public goods and services, they have several differences. The tariffs are prepaid in the port of the entrance while the taxes are paid at the time of the purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
Among the economists there are two thought schools on the use of tariffs. While some argue that tariffs are necessary to protect the domestic industry and the solution of business imbalances, others consider them to be a harmful tool that could potentially increase prices in the long term and lead to harmful trade war by supporting Tit-for-Tati tariffs.
During his arrival in the presidential elections in November 2024, Donald Trump has shown that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada represented 42% of total US imports. During this period, Mexico excelled as the best exporter with USD 466.6 billion, according to the US census. Trump therefore wants to focus on these three nations when storing tariffs. It also plans to use the income of generated tariffs to reduce taxes on persons.
