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Donald Trump has ushered in a period of turmoil for the global economy, threatening new tariffs on US allies and re-establishing Joe Biden’s domestic and foreign agenda hours after he returned to the White House.
In extensive remarks to reporters in the Oval Office on Monday night, Trump In the year As early as February 1, he threatened to impose tariffs of up to 25 percent on imports from Canada and Mexico. Currencies of countries and undermining the prospects for American equality.
The newly appointed 47th US President also threatened. Apply tariffs on Chinese imports Beijing has agreed to sell at least 50 percent of the TikTok app to the U.S. company and up to 100 percent unless a deal is reached to impose tariffs on EU products unless they buy more U.S. oil.
The comments and jitters to global markets offered another reminder of Trump’s willingness to expand the global order and engage in high-stakes negotiations to impose US interests on key trading partners.
The Oval Office comments came just hours after Trump vowed to end America’s “decline” and end his newly launched inaugural address. “Golden Age” Based on a dramatic reversal of the Biden administration’s progressive agenda.
The 78-year-old president has been quick to announce tough new measures to speed up the fossil fuels that propelled him to victory in last year’s race for the White House, deport immigrants and take the public and national stage.
He rescinded dozens of Biden’s executive orders, dealing with everything from increasing racial equity and sanctioning radical Israeli settlers in the West Bank, strengthening Medicaid and promoting voting access.
The overhaul includes pulling the US out of the Paris climate accord and marks a statement of intent by the world’s pre-eminent right-wing politician, who was elected after vowing to reverse the Biden administration’s agenda.
On January 6, 2021, Trump announced that he would pardon those accused of rioting at the US Capitol.
The pardon for the rioters marked a remarkable comeback for Trump himself, who was convicted of crimes during last year’s election and won the first presidency after two assassination attempts.
Trump’s trade bluster grew on the day. In his opening remarks, Trump noted that tariffs are his preferred tool in global economic diplomacy and that they are critical to raising U.S. revenue, given their potential to raise prices for American consumers.
“Instead of taxing our citizens to enrich other countries, we impose tariffs and taxes on foreign countries to enrich our own citizens,” he said.
Trump has said a plan to impose global tariffs on all imports — a measure he raised during the campaign — is on the table.
Trump spoke in the Oval Office surrounded by key aides, including chief of staff Susie Wills, policy chief Stephen Miller and Peter Navarro, a senior White House adviser on trade and manufacturing policy.
In an indication that action on immigration is a domestic policy priority, Trump has imposed his signature national emergency on the U.S.-Mexico border and taken steps to limit birthright citizenship to those born to undocumented immigrants on U.S. soil.
“This is huge. . . “We are the first country in the world to do this,” he said, despite dozens of other countries allowing the right.
Trump’s move will be challenged in court for violating the 14th Amendment to the US Constitution.
The president has directed the Pentagon to develop a plan to deploy troops to the US-Mexico border.
Trump has designated drug cartels as foreign terrorist organizations. Sending U.S. special forces into Mexico to extract them is “possible.” Stranger things have happened,” he added.
Trump declined to say whether Immigration and Customs Enforcement would begin raids Tuesday in major cities to arrest undocumented immigrants. “I don’t want to say when, but it will happen, it has to happen or we won’t have a country.”
Among the foreign policy pledges Trump made while pledging to end the war in Ukraine and the Middle East was that the United States would regain control of the Panama Canal and “build the strongest military the world has ever seen.” “Peacemaker”.
