Trump announces customs chaos: electronics only a temporary exception!

Trump announces customs chaos: electronics only a temporary exception!

Vienna, Österreich - President Donald Trump has announced today that the customs exceptions for electronics products such as smartphones and laptops are only temporary. According to Trump, these products were moved to another "bucket", but are still subject to the controversial "Fentanyl-Zöllen" from 20 percent to imports from China. The background to this tariff is the accusation that dangerous fentanyl from China comes to the USA. Trump criticized the media reporting on the customs exceptions and described it as "fake news", while reports indicate that the exceptions refer to reciprocal tariffs without changing the fentanyl tariffs.

Trump had previously suspended parts of his special tariffs for 90 days, but increased the tariffs on imports from China to up to 145 percent. In response, China plans to raise tariffs to US goods in the amount of 125 percent. Trump's business advisor Peter Navarro stated that there were no exceptions, while Minister of Commerce Howard Lutnick came up with temporary relief for some products. In addition, Trump announced that the entire supply chain in the semiconductor area, which ensures an important role in global technology policy.

consequences for the US economy and global markets

Uncertainty in US customs policy causes confusion on the stock exchanges and hard to meet both US companies and consumers. Meanwhile, the democratic senator Elizabeth Warren expressed violent criticism of the chaotic customs policy and calls for an investigation of possible illegal enrichment of government members on the stock exchange. The temporary customs exception for electronics is a relief for US providers such as Apple, which produce many of their products in China. Experts, on the other hand, doubt that the shift in iPhone production to the USA with robots is economically viable, as there is a lack of specialists and infrastructure.

Such a relocation could also significantly increase prices for the devices, which would have a negative impact on the purchasing power of consumers. The current developments also have an impact on global markets. From Tuesday, exports from Canada and Mexico to the USA will be occupied by penalty tariffs of 25 percent, which should increase to $ 155 billion in the next 21 days, provided that the politician does not change. Trump has doubled the import tariffs on goods from China to 20 percent.

international reactions and economic effects

The customs increases have already led to countermeasures. Canada plans to tariffs of 25 percent on US products worth $ 30 billion. At the same time, China announced retaliation measures that include tariffs on agricultural products, including 15 percent on chicken meat, wheat, corn and cotton as well as 10 percent on soybeans, pig and beef. The possible consequences of this customs policy are significant; Germany, for example, could expect a shrinkage of the economy by 0.4 percent, which could have a direct impact on the automotive industry.

The Association of the VDA automotive industry was concerned about the new Trump-Zölle, which can lead to the uncertainty of the supply chains for cars and auto parts. The EU Commission has already announced that it will quickly react with countermeasures for new tariffs to European goods, since the tariffs also represent a threat to the global supply chain and economic stability. Experts warn In summary, it can be said that the current customs measures and the international actions reacting to it could have drastic consequences for both the US economy and for global markets. It remains to be seen how trade relationships and the economic framework will develop.

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