‘Worst offenders’ around world face import taxes up to 50% happymamay

President Donald Trump has revealed plans to collect new import taxes on all goods entering the United States, at a favorable moment of global trade.

The plan determines a basic tariff for all imports of at least 10 %, in line with Trump’s proposal in the campaign last year.

The elements of the countries that the White House described as “the worst criminals”, including the European Union and China will face higher rates of what Trump said was settling on unfair commercial policies.

Trump has moved with contracts from US -adopting free trade policy, and analysts said it is likely to lead to high US prices and slower growth in the United States and around the world.

The White House said that officials will start shipping definitions by 10 % on April 5, with the start of the highest duties on April 9.

“It is our announcement of economic independence,” Trump said in the White House garden against the background of the American flags.

He said that other countries were benefiting from the United States by imposing high tariffs and setting up other commercial barriers against US exports.

The Republican President, who announced a state of national emergency, announced that the United States for more than five decades “looted, looted, raped and looted by nearby and far nations, both the friend and enemy alike.”

He said, “Today we are defending the American worker and we are finally putting America in the first place,” describing it as “one of the most important days, in my opinion, in American history.”

On the campaign’s path last year, Trump called for a new tariff he said that it would collect money for the government and enhance manufacturing, which is considered a new era of prosperity.

He spent weeks in the examination of Wednesday’s announcement, which follows other orders to raise the definitions of imports from China, foreign cars, steel, aluminum and 25 % on some commodities from Mexico and Canada.

The White House said the latest changes will not change anything for Mexico and Canada, and they are one of the closest commercial partners in America.

Trump said other allies will face definitions, including 10 % for the United Kingdom and 20 % for the European Union.

The customs tariff will jump on the goods from China by another 34 %, which increases a 20 % tax, while it will be 24 % for Japan, and 26 % in India.

Some of the highest prices will be imposed on smaller countries, as goods from South Africa face in Lesoto 50 %, while Vietnam and Cambodia will strike 46 % and 49 %, respectively.

The last two have witnessed a rush of investment in recent years, as companies have turned supply chains away from China after the first period of Trump.

The basic definitions will be applied to more than 100 countries, according to the White House Fact newspaper, which will face about 60 countries a higher “mutual” rate.

The White House said that the new policy will lose the factors that they said also feeding commercial imbalances, such as reducing the value of other countries and high -value -added tax (VAT).

Trump also confirmed that a 25 % tax on imports of all foreign -made cars, which he announced last week, will start from midnight.

And he signed a request that ends the tax exempt from small beams, with repeated plans to strike specific elements that were exempt from Wednesday’s work, such as copper and pharmaceutical preparations, with a separate tariff.

The movements together will bring effective tariff rates in the United States to levels that you have not seen for decades, which may spoil the way for Americans who face higher prices on European clothes, wine, bikes, games and thousands of other elements.

Gustavo Flores Massias, a professor of government and public policy at Cornell University, described as a “dramatic transformation” of international trade order, which the United States helped to create after World War II.

“We see this system collapses,” he said.

The stock market for trading was closed when Trump issued its announcement.

But in post -market trading shares in major American companies, he sank sharply.

Apple, which relies heavily on China and Taiwan, facing a tariff of 32 %, sank more than 7 %.

Amazon decreased by more than 6 %, while the shares in Wall Mart decreased by more than 4 %.