'This is a collapse for the entire economy': Washington Post readers on Donald Trump's trade war
The introduction of new import duties by US President Donald Trump is being discussed by readers of the online version of The Washington Post.
Trump announced the tariffs in the White House Rose Garden, calling them a response to "economic war" against the United States and accusing other countries of "looting the American economy." He said the decision would end "unilateral economic capitulation" and help bring manufacturing back to the United States.
The tariffs include a base rate of 10% on all imported goods and higher rates — up to 50% — for about 60 countries that the administration says pose the most significant trade barriers to American goods.
Particular attention is paid to countries such as China (an additional tariff of 34% on top of the existing 20%), the EU (20%), Japan and South Korea.
Trump removed Canada and Mexico from the list but kept the 25% tariffs he had previously imposed on them. He also imposed a 25% tariff on auto imports, which will go into effect on April 3, and justified the measures by citing a “national emergency” over the U.S. trade deficit.
Economists cited in the article warn that the tariffs will send prices soaring for American consumers and risk triggering a trade war. Partners including the EU and China have already promised retaliatory measures. Critics argue that rather than boosting domestic production, the measures will hurt households and businesses.
The article notes that Trump sees the new tariffs as a way to raise revenue for the budget and reduce dependence on foreign goods, but experts say the measures will result in an economic downturn.
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Reader Comments:
Trump's actions are the collapse of the entire economy, because prices will skyrocket
– rated by JohnDoe123
He thinks about "liberation," but here there is actually a tax on every American.
- LibertyFan expressed his opinion
China and the EU are already preparing countermeasures, and this is the beginning of a full-fledged trade war.
– TradeWatcher left his opinion
How can we call it "Liberation Day" when we will all start paying more?
- Skeptic99 issued on the topic of the article
Trump is playing with fire, where we will all get burned
– said AngryConsumer
Economists have warned that this will lead to inflation, but he doesn't care.
- left a message EconProf
Cars will become more expensive, food products will become more expensive – who will benefit from this?
– EverydayJoe thought
This is not a defense of industry, but a blow to the wallets of ordinary people.
– concluded WorkingMom
So Trump wants to bring manufacturing back to the US, but in reality, companies will simply shift the costs onto us
– Realist2025 noted
US farmers will be the first to suffer if the EU hits with retaliatory tariffs
– predicted FarmerBill
Tariffs of 10% are not so wild, but 54% for China is insane
– said GlobalTrader
Trump thinks it's a game of chess, but in this case he's playing against the whole world.
– ChessFanatic noted with irony
Investors Panic, Market Crash: Here Comes 'Liberation Day'
– said StockHolder
These tariffs are just a show, there is no real plan behind them
– PolicyCritic noted
Americans Will Pay More for Everything from Gasoline to Bananas
- left DailyShopper
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