The heavy turbulence by the US President’s customs package will be felt by many Americans-now tried Donald Trump (78) to calm his compatriots with perseverance slogans. “Keep through – it will not be easy, but the end result will be historical,” wrote Trump on the Truth Social platform. “This is an economic revolution and we will win.”
The USA If you could have been exploited for a long time, it was over, Trump promised. Jobs, companies and shops would come back to the USA “like never before”. But at best, the chances of success of his radical all -round are uncertain.
Considerable all -round
Economists warn of an upset recession in the United States and see Trump’s customs policy more as a strategic own goal, which will ultimately also harm the United States. The head of the US Federal Reserve Fed, Jerome Powell (72), also expects one Higher inflation and slower growth for the USA. A global trade conflict could also plunge the entire global economy into a deep crisis. Some countries like China And the EU is also ready for drastic countermeasures.
While Trump’s customs package destroyed investor assets in billions of bills and snubs and trading partners, his influential consultant spoke Elon Musk (53) for a transatlantic free trade zone with Europe.
Musks electric car company Tesla, which their vehicles in both China and in Germany Produced and sold, the new tariffs are likely to spoil the business. The policy of US President Trump mostly praised the Tech billionaire. But now Musk is representing a different opinion.
He hoped that the United States and Europe could agree on an even narrower partnership than before, Musk said at a party congress of the right Italian ruling party Lega on Saturday in Florence, to which he was switched on by video. “And as far as the tariffs are concerned, I hope that we are moving to a zero-inch situation with a free trade zone between Europe and North America,” said Musk, according to Italian simultaneous translation.
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By video call at the party congress in Florence: Elon Musk wants a “zero-inch situation”
Photo: Claudio Giovannini/ AFP
Americans pay the colliery
As a result of the customs package announced on Wednesday, imports from all countries to the United States now apply flat -rate tariffs of 10 percent. On April 9, Trump wants to have even higher tariffs followed for countries with which the United States has a particularly large trade deficit in his view. Penal levies of 20 percent would be due on imports from EU countries. Other punitive levies on imports to the United States that had previously applied.
An import customs works similarly to a tax. The submission must be paid by the importing company – in this case by companies in the USA. However, it is likely that the importing companies do not simply bear the higher costs themselves, but pass it on to consumers. Inflation would be fueled again with the rising prices. In the past few weeks, Trump had been concerned that his tariffs were particularly burdened by American consumers through higher prices, always dismissed and spoken of temporary smaller “disorders”.
“Trump is at the golf while the stock exchange crashes”
With his huge customs package, Trump sent The stock exchanges worldwide – and thus also etched assets from private investors in billions of billions almost overnight. Many Americans are invested on the stock exchange and are now worried about their savings, which was also evident in the nationwide protests against Trump’s government at the weekend.
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Protests in Los Angeles: There were more than 1300 events nationwide
Photo: Allison Dinner/ EPA
Unlike eight years ago, the second term of office is slowly formed in Trump’s second term. For Saturday, various organizations had called for a nationwide day of action with more than 1,300 events in all US states-under the motto “Hands away”. Many thousands went on the streets – against Trump’s tariffs, hard measures against migrants and mass layoffs.
The organizers spoke of millions of participants, however, official figures or estimates did not exist.
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“I lost money yesterday because of the madness that this man puts us off,” scolded a 74-year-old demonstrator, who was there in a protest in Chicago and was quoted by the “Wall Street Journal”. “It is not clear to him that pensioners live from this money at my age.” The fact that the president said goodbye to Florida for an extended golf weekend was particularly bad for demonstrators. “Trump is at the golf while the stock exchange crashes,” said the poster of an outraged woman.