Trump Is Set to Unveil Expansive Global Tariffs

President Trump is destined to reveal its most expansive rates to date On Wednesday afternoon, when it will describe in detail potentially samples in countries around the world, including major American commercial partners.

Mr. Trump has promised for months To impose what calls “mutual” rates, which the president says will correct years of “unfair” trade in which other countries have “torn” America.

“We have helped everyone and don’t help us,” Trump said on Monday.

Exactly as it intends to structure the new rates is not yet clear. The press secretary of the White House said on Tuesday afternoon that Mr. Trump had decided on an action course and that the new rates would come into force immediately, but that he and his commercial councilors continued to eliminate the details.

The president spoke to base A new tariff rate For the countries on rates that put on American products, as well as other commercial practices that Trump’s team considers unjust.

Mr. Trump has Also considered a flat rate of 20 percent on all commercial partners. Such a sampling would be more aimed at generating revenue to compensate for the tax cuts it hopes to push through the congress.

Both approach would be a significant escalation towards a commercial war that Mr. Trump seems to be anxious to trigger. Governments around the world have prepared to go back if the president raises rates, increasing the potential for a destabilizing economic battle that increases costs while Trump tries to force supply chains to the United States.

The president has largely rejected the concerns that its rates – essentially a tax on imports – could increase prices for American consumers and companies or rapid retaliation that would damage farmers and other exporters.

Trump has already imposed several important traces of rates, including those that apply largely to imports from China, Canada and Mexico. He also announced the rates on cars and imported cars, which will come into force on Thursday.

Canadian and Chinese governments have already taken revenge against the rates of Mr. Trump with withdrawals. Governments in Europe, Mexico and elsewhere have declared that they are waiting to see Wednesday’s measures before announcing their answers. European officials discussed to place commercial barriers on services, using a Commercial weapon This was developed in 2021. This tool could allow Europe to impose restrictions or sanctions on companies such as Google, Meta or even American banks.

Mr. Trump is scheduled to announce his tariff moves at 16:00 in a ceremony in the rosette of the White House. Tuesday, Karoline Leavitt, press secretary of the White House, said the rates would take place immediately.

“We are focused on the restoration of the golden age of America and on making America a manufacturing superpower,” said Mrs. Leavitt.

Trump claims that the rates will encourage companies to move factories to the United States and greeted the investment ads from chipmakers, car manufacturers and others.

But economists say that since rates increase prices for imported products and production inputs, they can slow down the economy. The perspective of the rates has fueled turbulence in equity markets and among the main companies, which often depend on international supply chains for parts and products.

The officials of the Trump administration have also insisted on the fact that foreign companies will pay the cost of rates for the privilege of selling in the American market, but both the economists and the managers of the sector affirm that it is likely that the importers pass instead for the tariff costs to consumers.

Goldman Sachs analysts have declared in a recent note that the highest rates expectations have made them lift the end -of -year inflation forecasts, lower their economic growth projections for 2025 and have increased their expectations for unemployment this year.

Now they have liked the probability of a recession in the next 12 months to 35 percent, compared to 20 percent, they said. The change, they added, reflected “our lower growth base line, the strong recent deterioration of the trust of families and businesses and the declarations by the officials of the White House which indicate greater willingness to tolerate short -term economic weakness in pursuit of their policies”.

Satyam Panday, the Economist of the United States and Canada for the S&P global assessments, said: “If the producers have to pay more for their contribution, we will most likely see production prices increase.” He added that it was “inflationary pressure construction”.

Many industries have also rejected the tariff plans. Michael Hanson, senior executive vice -president of the Retail Industry Leaders Association, which represents the main retailers, declared Tuesday in a declaration that the Americans “counted on President Trump to help make life more convenient”.

The Americans are “nervous for the impact that the rates will have on their pocket books,” he said. “The retailers strongly urge the president to double the policies of his first term who work and give up policies that create uncertainty for American businesses and families”.

Trump and his supporters have recognized that there could be some pain for the economy and consumers while the global supply chains reorganize themselves. Senator John Kennedy, Louisiana Republican, said Tuesday he understood what Mr. Trump was trying to achieve in the use of rates as Cudgel to bring jobs and investments to the United States. This, he said, would be a long -term “positive net”.

“Also the short duration,” added Kennedy during an interview on the Fox business. “I mean, he does it. And whoever tells you who know what the short -term impact will be of these rates that will be on the economy has been in a school at home by a one -day drinker. They are inventing. They don’t know, because we have never seen the rates in modern history in this measure.”

Tony Rump Contributed relationships