The US President hit the wires on Thursday, revealing the details of his concept of the plan of mutual tariffs towards all main trading partners of the USA who impose tariffs, as well as a non -dariff for goods imported from the USA. According to President Trump, the US administration will also consider countries that collect VAT from foreign goods as a tariff. Detailed details of the mutual tariff proposal remain slim, and the secretary of trade Howard Lutnick was used to actually develop the details. President Trump also emphasized the need to deal with “non -monetary tariffs”, an economic concept that does not exist.

Key attractions

I decided to burden the mutual tariff.

We will consider countries using the VAT tax system.

VAT will be seen as a tariff.

We will call it a tariff.

We are much more than charging.

The provisions will be made for non -monetary tariffs.

Lutnick will invent equivalent numbers with these restrictions and other non -tariff barriers.

Lutnick will work on a mutual plan.

Other countries can reduce tariffs or eliminate.

Without tariffs, if the product or build a product in the USA.

We want to equalize opportunities for all American companies.

He asked the State Treasury, trade leaders to work on reciprocity.

Steel and aluminum are beyond that.

Car tariffs will exceed mutual tariffs and soon.

It will also be cars and pharmaceuticals over steel tariffs.

There will also be more pharmaceutical chips and pharmaceutical.

India has more tariffs than almost any other country.

I expect the work to rise, prices may escalate a bit low.