Washington – President Trump urged Americans to relax on Wednesday as an effect of “reciprocal” tariffs of Tok, including a 104% rate in China and 20% service in the European Union.
“Be great! Everything will work well. The United States will be bigger and better than ever!” Trump wrote on social networks.
“This is a good time to buy!” He added two minutes later, referring to the important sale of the stock market since he announced that his levies of the “Day of Liberation” on April 2.
The shares were mixed on Wednesday morning after the S&P 500 and Nasdaq lost more than 12% of their value and the industrial average Dow Jones fell more than 10% in the four days of negotiation from the announcement.
The new Trump rates include a 10% global baseline in most countries, with much higher rates in the partners with which the United States has commercial deficits, including important allies.
Trump has indicated an opening to the background commercial agreements to reverse tariffs with Israeli Prime Minister Benjamin Netanyahu, who faces a rate of 17%, visiting the White House on Monday to eliminate his country and the trade of Non Erer.
Japan leaders, who face a 24%tariff, and South Korea, which faces a 25%rate, have spoken with Trump and made similar votes to demolish barriers for US goods, after Trump criticized his protectionist in Americans.
The secretary of the Treasury, Scott Besent, said on Wednesday morning that some 70 countries have communicated to begin commercial conversations, and that China stands out in reprisals with high new rates.
Trump, who has presented rates in public comments for four decades, has not yet finished any of the new “reciprocal” rates, which do not affect the goods that meet the USMCA of Canada and Mexico.
Computer chips, copper, wood and pharmaceutical products were exempt from new tariffs, thought that Trump has publicly committed to slapping the encumbrances in each of those products in a sentence to return manufacturing to the United States.
Trump also implemented a 25% rate last week in foreign manufacturing cars, which represent approximately half of the US market and cars. UU., And previously slapped a rigid tariff of 25% on steel and aluminum without exceptions, as well as a 20% tariff on China.
