Trump Azars has been all on the global tariffs he wanted for decades

Donald Trump’s policy has changed significantly over its decades in the public sphere. But one thing he has fallen to, since the 1980s is his belief that tariffs are an effective means of raising the US economy.

Now he treats his presidency on the right one.

At his competition in the Ruzhnaya Garden in the White House, surrounded by friends, conservative politicians and secretaries of the Cabinet of Ministers, Trump announced the sweeping of new tariffs on wide circles of countries – allies, competitors and opponents.

In a speech, which was a celebration of equal parts and independent communications, the president recalled his long -standing tariff support, as well as his early criticism on free trade agreements such as NAFTA and the World Trade Organization.

The president acknowledged that in the coming days he would face shutdown from “globalists” and “special interests”, but he urged Americans to trust his instincts.

“Never forget, every forecasting that our opponents have done about trade over the last 30 years is completely wrong,” he said.

Now, in the second term in which he is surrounded by like -minded people and is a dominant force in the Republican Party, which controls both chambers of Congress, Trump is able to turn his vision of new America’s trade policy into reality. According to him, these politicians made the US into a wealthy nation more than a century ago and will again.

“For many years, hard -working American citizens have been forced to sit out, as other countries got rich and strongly, most of it at our expense,” he said. “With today’s actions, we will finally be able to make America big again – bigger than if you earlier.”

This is still a huge risk to this president.

Economists of all strips warn that these massive tariffs – 53% in China, 20% in European Union and South Korea, with 10% of the basic line for all nations – will be transferred to American consumers, raising prices and threatening global recession.

Ken Roghof, a former chief economist of the International Monetary Fund, predicted that the US, the world’s largest economy that fell into the recession, increased to 50% on the back of this announcement.

“He simply gave up a nuclear bomb on the world trading system,” said Mr. Roghof, saying the BBC World Service, adding that the consequences for this level of taxes in the US “just restless.”

Trump’s transition also risks strengthening the trade war with other countries and alienating allies with which America has otherwise tried to strengthen the ties. For example, the US views Japan and South Korea as Bulk against Chinese expansionist ambitions. But these three countries have recently announced that they would work together to respond to America’s trade policy.

If Trump is successful, he would fundamentally redo the world economic order that America initially helped build out the ashes of World War II. He promises that this will happen to the American production, create new sources of revenue and make America more independent and isolated in the sight of the world’s supply chains that arise in the United States during the Bavid Pandemic.

This is a high order – and the one that many consider it very unreal. But for the president, which seems to be fixed on the consolidation of his heritage, whether at the expense of the end of the wars, renamed geographical places, acquisition of a new territory or dismantling of federal programs and its labor, it is the largest, the most subsequent prizes.

It would be that he styled, “Liberation Day” in America.

However, it is clear that the announcement on Wednesday, when it goes, almost confidently mark the historical shift. The question is whether it will be the heritage of achievements either known.

Trump’s speech was victorious – the one that is due to the potentially high expenses that his steps would impose on the US economy and his own political situation.

But, he said, it is worth it – even if at the very end of his remarks, a small shadow of presidential doubts may have reached the maximum through Bravada.

“It will be a day that – I hope you are going to look back in the coming years and you are going to say: you know he was right.”

Follow Trump’s second term with the weekly North America correspondent Anthony Zurcher Policy in the US is not caused Bulletin. Readers in the UK can Sign up here. Those outside the UK may Sign up here.