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After the dramatic week, is there a Trump closer to its trading goals?

Anthony Swurcher

North America correspondent in Washington@awzurcher
The EPA image shows Donald Trump during the Cabinet meeting on ThursdayEpa

Last week, Donald Trump announced a large -scale tariff plan that would have overcome the global economic order, as well as the long -created trade relations with the Allies of America.

But this plan – or at least a considerable part of the IS – is on the ice after the president rejected higher tariffs in most countries for 90 days, based on the trade war with China.

So, with this partial reversal, do Trump are closer to the implementation of his trade goals? Here’s a quick look at five of his key ambitions and where they are now.

1) the best trading deals

What Trump said: For decades our country has been looted, looted and looted by peoples close, and far away, and a friend, and an enemy

The initial Trump’s initial trading plan gained a big blow, which has landed around the world, with a flat tariff for 10% of the base line at all (including some uninhabited islands) and additional “return” tariffs for 60 counties, which, he said, were the worst violators.

He sent allies and opponents who sounded when they looked at the prospect of a debilitating blow to their economies.

According to the secretary of the Treasury Scott Babe, the White House boasts quickly all the world leaders who have addressed the president to conclude transactions and offer conteners – “more than 75”.

Despite the fact that the administration did not publish a list of all the countries that Tuesday said “kissing my ass” and promising to do something, the United States has announced that it is negotiating with South Korea and Japan.

TAKE: US trading partners have 90 days to take some Trump agreement and the watch is interested. But the fact that the negotiations happens indicates that the president has a good chance of getting something for his efforts.

2) Increasing the American industry

What Trump said: Work and factories will come back to our country in our country … We will supplement our internal industrial base.

Trump has been saying for decades that tariffs are an effective way to restore America’s production base, protecting it from unfair foreign competition. While some factories can increase production in current facilities, more significant efforts require time. And in order for business executives to press the trigger on the “reshuffle” of their production lines and investments in new US factories, they will want to know that the game rules are relatively stable.

However, again, the president’s tariff is moving again during the last week, inherently. At the moment, it is difficult to predict where the final tariff level will land and which industries will receive the greatest protection. Today it can be car manufacturers and steel manufacturers, and tomorrow with high -tech electronics.

TAKE: When tariffs apply and remove seemingly presidential whims, it is much more likely that companies – both in the US and abroad – will go down and wait until the dust is settled before taking great commitments.

Watch: Why US Markets Flaty after Trump Tariffs Pause

3) Collision with China

What Trump said: I very much respect the XI president of China, great respect for China, but they have been a great advantage from us.

After Trump’s tariff on Wednesday, several White House officials on Wednesday – including the secretary of the Bales – quickly said that Trump’s goal was to throw a hammer at the real villain, China.

“They are the biggest source of US trading problems,” the journalists said, “and they are really a problem for the rest of the world.

When Trump wanted a battle for a will with China, experiencing each side’s tolerance to economic and political pain, he got one – even when the president and his assistants hinted that they were looking for a weekend.

On Wednesday, Trump said he accused US past leaders rather than China in the current trade dispute. On the previous day, the White House press secretary Carolina Levit said that the president would be “incredibly merciful” if China gathered to make a deal.

TAKE: Even if this trial, one who wants Trump, choosing a fight with the second largest economy in the world, with a military force that fits is at great risk. And on the way, America may have alienated the allies that they most needed in such a confrontation.

4) acceptance of profit

What Trump said: Now our turn is prosperous, and at the same time use trillion and trillion dollars to reduce our taxes and pay our government debt, and it will all happen very soon.

During last year’s presidential campaign, Trump regularly advertised that his proposed tariffs would lead to new revenues that the US could use to reduce budget deficits, reduce taxes on financing and pay for new state programs.

Last year, last year, a non -partisan tax fund estimated that 10% versatile tariff is that Trump has landed at least for the next 90 days – brings 2 dollars in the new profit over the next 10 years.

Speaking about this in the context, the tax reducing tax has recently become involved in its insurmountable budget plan, it will cost approximately $ 5 over the next 10 years, the two -party political center reports.

TAKE: Trump wanted more tariff income, and if he adheres to his basic tariffs, as well as additional levies in certain imports and large in China, he will receive it – at least until the Americans go to more internal production, if the tariff money that can turn to the trickle.

5) U.S. Consumer Price Downt

What Trump said: Ultimately, more home production will mean stronger competition and reduction in consumer prices. It really will be the golden age of America.

Analysts and experts offered a bag to capture other explanations why Trump took such an aggressive trading step last week. Did he try to reduce interest rates or depreciate the US dollar or bring the world to the table for a new global trade agreement? The President himself did not say much about such complex schemes.

However, one thing he said tirelessly was his desire to reduce the costs for US consumers – and he promised that his trade policy would help to solve this. While energy prices have diminished over a week since Trump has announced its tariff plan, it may be the result of concerns that trading wars can cause a global recession.

Consensus among economists is that new tariffs will raise consumer prices, as tariffs are attracted to the cost of imports and, after all, if there is less competition for US products. Last year, the tax fund estimated that by 10% the universal tariff will increase the cost of US households by an average of $ 1253 for the first year. Economists also warn that low -income Americans will be most affected.

TAKE: Increasing prices is an arrow that moves in the wrong direction – and it is a huge potential responsibility for both Trump’s political position and the future election prospects of his party.



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