For most of us, the taxes were the solution to specific economic problems. Washington used them to raise money and protect US industries from foreign rivals. And after World War II, the president used prices as selected.
President Trump has promoted this exercise. They say they will use revenue to solve policy issues, such as migration and regional expansion. On Sunday, he threatened 25 % of the revenue to Colombia after being removed from two planes carrying deported immigrants. In Bogota, the government quickly changed the course.
This is a strategy that is rarely seen by the other presidents – and that Trump is now deploying Daily daily, because my colleague Alan Rep. In today’s newsletter, I will explain.
A device of a purpose
Since taking power, Trump has told several countries that he will tax imports from his countries if he does not do what he wants. He said he would put 25 % tariffs on Canada and Mexico products and 10 % tariffs on Chinese products until these countries stopped the flow of drugs and immigrants in the United States.
He has also said that he will impose tariffs on Russia to fight in Ukraine and Denmark if he refuses to stop the Greenland area. This weekend, Colombia’s immediate capital can encourage Trump, and raises questions for the rest of the world to what extent that strategy will take.
Past Presidents have generally released revenue in response to trade issues – the increase of tires imported by China that hurts US tire makers, Canada subsidized its lags, from banana imports. There is a European quota.
Trump is not the first president who used trade to create other foreign policy goals. For example, Richard Nixon said he would return to Japan to Okinawa when he sent less textile to the United States. Digs Arun, the economic historian of Dartmot College, said, “But in American history, Trump’s” very clear and transactions “point of view is unique.
Is that allowed?
Countries belonging to the World Trade Organization pledge that they will not just harass each other with taxes to promote their economies. But international rules have been exempted from national security. And an American law gives extensive powers to the presidents if they declare the national emergency.
In the past, this law – 1977 has been used to issue sanctions – the International Emergency Powers Act of 1977 but not revenue. After North Korea experienced nuclear weapons in 2008, for example, Washington used the law to ban trade with the country and punish its officials.
Law firm Sidley Austin business expert Ted Murphy said Trump’s prices threaten to show that he considers the bar for the national emergency.
Other countries are still roaming for the best way to respond to these risks. Many people have prepared lists of American goods if the trade war begins. But they are also worried about the tight for tet tariff. The United States is a huge market, and they need access to it. “The growing tariff war will hurt other countries more than hurting the US economy,” said Esur Prasad, a professor of Cornell’s trade policy. “It is true about every major US business partner, including Canada, China, the European Union and Mexico.”
That is why many leaders have chosen to be aware of Trump’s demands. Mexico is doing more to prevent migration and has occupied more illegal OPIs. Canada sent more drones and helicopters to the border. He was proud that tough visa rules have reduced illegal crossing by 86 % in the last two months.
What ahead?
Nevertheless, many coalition governments hate the idea of ​​becoming stronger on policy differences. The European Union is increasing trade agreements with South America and Mexico.
On Monday, Europe’s top diplomat said it needed “close ranks” as the Trump administration threatened further taxes. He said Europe is “economic heavyweight and geographical political partner.”
This does not happen, she looks like she says, deposits for bullying.
More at rates
The latest news
Artificial intelligence
The other big story
-
A magnitude earthquake struck the mine coast. It shook buildings in New England, where earthquakes are rare.
-
One of the Philadelphia’s entire food workers voted for the alliance. It is the first union in China, the Amazon owner.
-
At a high school track meeting in Colorado Springs, a partner threw a hammer that cleared safety barriers and killed a spectator.
Opinion
Robert F. Kennedy’s Senate is hearing this week. Accordingly, there are 13 questions that should be answered Specialty.
Musk’s intervention in British politics suggests that he wants to be more than Trump’s right -handed man. He wants to rule, Louis Staples He writes
The Democrats have given the Latin “Uncontrollable Grah Block: neither black nor white, nor really American.” This helped Trump get more Latin vote, despite attacking Mexican, Jane Gorroo He writes
Here are columns Thomas Fredman China and the US and on Thomas Adsal On Trump’s vision
NFL: Jets’ new coach, Aaron Gillen, refuses to pledge to bring back the quarterback Aaron Rogers next year.
Football: The weapons agreed to pay Gautam FC to Star Defnder Janna Nigsuer, to pay 000 100,000 transfer fees.
Arts and Ideas
Over the past decade, American food -drink has come to restore Ashwil, NC national publications have talked about their Form to Table Restaurant and Craft Brewery. After the hurricane, Helle’s floods damaged the city, Pat Wales spent four days talking to restores, chefs and farmers when they tried to rebuild.
