After a dramatic week, Trump is closer to his commercial goals?

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Anthony Bolder

North America correspondent in Washington@Awzurher
The EPA image shows Donald Trump during a Cabinet meeting on ThursdayEPA

Donald Trump announced a massive tariff plan last week, which would increase the global economic order as well as long -term trade relations with the allies of America.

But this plan – or at least a significant part of the IS – is on ice after the president has stopped higher tariffs for most countries for 90 days while bending over in trade war with China.

So, with this partial turn, Trump is closer to the realization of his trading goals? Here’s a quick look at five of his key ambitions and where they are now.

1) better commercial transactions

What Trump said: For decades, our country has been plundered, enclosed and looted by nations near and far as a friend and enemy, as well as

Trump’s original trade plan has gathered a big blow to the world with a flat 10% base tariff for all (including some uninhabited islands) and additional “reciprocal” tariffs for the 60 districts, which he said are the richest offenders.

He sends allies and opponents who roll as they stared at the perspective of a disability in their economies.

The White House has quickly boasted all the world leaders who have contacted the president to make deals and offer trade discounts – “more than 75”, according to the Minister of Finance, Scott Bechent.

Although the administration has not released a list of all countries that Trump said on Tuesday, they “kiss my ass” and promise to do anything, the United States has announced that it is in negotiations with South Korea and Japan, among others.

Export: US trading partners have 90 days to reach an agreement with Trump and the clock is ticking. But the fact that conversations are happening shows that the president has a great chance of getting something for his efforts.

2) Increase the US industry

What Trump said: Work and factories will return to our country … We will recharge our internal industrial base.

Trump has said for decades that tariffs are an effective way to restore the production base in America, protecting it from unfair foreign competition. Although some factories may be able to increase production in current facilities, it takes time more effort. And for business leaders to withdraw their production lines and invest in new US factories, they will want to know that the rules of the game are relatively stable.

The re -movement of the president, again in the last week, however, are inherently unstable. For the time being, it is difficult to predict where the final rates of tariffs will land and which industries will receive the most deprivation. Today, this can be manufacturers of cars and steel manufacturers, as well as high -tech electronics companies tomorrow.

Export: When tariffs are applied and removed seemingly at the President’s fad, it is much more likely that companies – both in the US and abroad – to pursue and wait for the dust to settle before making great commitments.

Watch: Why did US markets jump after Trump Pause’s tariffs

3) Facing with China

What Trump said: I have great respect for my president from China, great respect for China, but they took advantage of us.

After Trump’s Tariff on Wednesday, several White House officials – including Finance Minister Bestent – quickly said that Trump’s goal was to release the hammer to the real villain, China.

“They are the biggest source of trade problems in the US,” Bechent told reporters, “and they really are the problem for the rest of the world.

If Trump wanted the battle of the wills with China, testing each country’s tolerance towards economic and political pain, he received one – even if the president and his assistants hinted that they were looking for an output ramp.

On Wednesday, Trump said he was blaming US leaders, not China for the current trade dispute. The previous day, White House press secretary Carolyn Levitt said the president would be “incredibly gracious” if China connected to make a deal.

Export: Even if this display is the person who Trump wants, choosing a battle with the second largest economy in the world, with a military force that must match, comes with a huge risk. And along the way, America may have alienated the Allies, which it needs most in such a confrontation.

4) Increasing revenue

What Trump said: It is now our turn to prosper and thus use trillions and trillions of dollars to reduce our taxes and pay off our national debt and everything will happen very quickly.

During last year’s presidential campaign, Trump regularly advertised that his proposed tariffs would bring huge sums in new revenue that the United States could use to shrink their budget deficit, reduce taxes and pay for new government programs.

A survey last year from the non -partisan tax foundation estimated that a 10% universal tariff – this is what Trump has landed for at least the next 90 days – will generate 2 TTN new revenue over the next 10 years.

In order to say in the context, the tax reductions Congress recently included in its non -budget plan would cost approximately 5TN over the next 10 years, according to the bilateral center of politics.

Export: Trump wanted more tariff revenue, and if he adheres to his base tariffs, plus additional levies on certain imports and more in China, he will receive it – at least as the Americans go to more domestic production when the tariffs can turn into a trick.

5) Lower prices for US users

What Trump said: After all, more production at home will mean a stronger competition and lower prices for consumers. This will really be the golden age of America.

Analysts and experts offered a bag to grab other explanations for why Trump made such an aggressive course of trade last week. Did he try to reduce interest or depreciate the US dollar or bring the world to the table for a new, global trade agreement? The president himself did not talk much about these types of complex schemes.

One thing he spoke mercilessly is his desire to reduce the cost of US consumers – and he promised that his commercial policy would help to deal with it. While energy prices have been immersed in the week since Trump has announced his tariff plan, this may be the result of fears that commercial wars can cause a global recession.

The consensus among economists is that new tariffs will increase consumer prices, as tariffs apply to the price of imports and ultimately, when there is less competition for products produced in the United States. Last year, the Tax Foundation estimated that a 10% universal tariff would increase the cost of US households by an average of $ 1.253 in its first year. Economists also warn that lower-income Americans will be most hit.

Export: The increase in prices is the arrow that moves in the wrong direction – and is a huge potential responsibility for both Trump’s political position and the future electoral prospects of his party.

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