After the expenditure more than two Years Tariffs, Wednesday, is the big revelation: the moment when US President Donald Trump reveals the full scope of his protectionist trade policy.
He calls it the day of liberation and plans it on Wednesday afternoon in a lively quarter Et event in the Rosengarten of the White House.
“(This) will drop one of the most important days in modern American history,” said Karoline Leavitt, press spokeswoman for the White House.
For skeptics, it is possible for the wrong reasons.
The already nervous global economy, which is already nervous, will be on the edge of a knife to expect details of this plan that could impose wider US tariffs than at any time since the global economic crisis.
The white house is bold
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The stock exchange is not convinced – it is lost All of his profits since the election. The consumer mood has fallen. And Capitol Hill is getting scared.
Here is one reason for dismay: the most elementary details of Trump’s plan are still in the flow. On the eve of the announcement there was contradictory leaks in US media.
Will this be a global tariff of 20 percent? Or will it be several smaller tariffs that punish certain measures of different countries? Members of Trump’s team still discussed the details this week.
Then the question arises as to what happens to previously announced tariffs – will they disappear or be stacked on them, which means that a tariff on a tariff means?
Whatever happens, the auto industry is already exposed to a crisis, according to a representative. Flavio Volpe, head of the Canadian main lobby group for autops, says that the industry’s profit margins are wiped out several times by tariffs that are supposed to come into force on Wednesday, apart from new new ones, that Trump announced.
In just a few days, Donald Trump promises to use tariffs to free his country from foreign goods by imposing tariffs that are targeting all countries. Richard Madan, CBC News correspondent, has the latest from Washington, shortly after Trump spoke to reporters on Monday.
Auto industry warns of crisis
“The industry will close within a week. On both sides of the border,” said Volpe, President of the Automotive Parts Manufacturers’ Association.
“Mathematics does not work. That is why everything is closed. … We may have to prove that mathematics do not work so that the white house reversed the course.”
For those who keep the score, Trump has already imposed many Canadian and Mexican products of 25 percent of 25 percent. from 10 percent to energy; 25 percent for steel and aluminum – from manufacturers, including car companies – and now 25 percent for vehicles that are gathered outside the USA, as well as tasks in some parts, the risk of more parts later added.
In view of this, the Democrats try to deliver a political blue eye for Trump’s big day. You will be forced several hours of the debate, followed by a vote, on Senate decision 37.
This application would end Trump’s national security for tariffs on Canada, especially for the initial 25 percent duty, which was allegedly imposed on Canada in fentinel trade.
It would be mainly symbolic. The sponsor of the draft law, Senator Tim Kaine, says he was about to lock the necessary votes to pass them and already have support from some Republicans.
“Our voters are angry that the Democrat of Virginia compared to CBC News.” My … voters are angry about it. They are pro-Canada, they are Pro-Trade with Canada and they are anti-high prices for buildings, food, fertilizer, aluminum and steel. “
On Tuesday, the US Senate is to vote on a decision by the Democratic Senator Tim Kaine from Virginia in order to question the US President Donald Trump for the international economic emergency powers in order to explain an emergency at the northern border to make Canada with tariffs.
If the resolution in the Senate receives “a good, solidly cross -party vote, this will be a strong message to Donald Trump and his business advisors:” They play with fire. Do not increase taxes on the Americans on their food and build deliveries at a time when the economy is softer, “said Kaine.
If it passes, it would be an embarrassing message for Trump on his big collective bargaining day – a rejection of the Senate that controls his party.
Essentially, however, it could mean very little. The draft law is almost certainly not brought to the house coordination. Even if it somehow passed the house, Trump could still put a veto.
In any case, this would only undo a set of tariffs that were supposed to be fentanyl. Nevertheless, it is an early test of the policy of Trump tariffs.
Democrats play Canada tariffs
The Democrats are increasingly seeing tariffs as a winner for them and as a loser for Trump – especially in Canada. Some of the biggest figures in the party closed to Kaine for a press conference outside the Capitol on Tuesday.
You have rated a message in the foreground approaches in the middle of the middle: that Trump effectively burdened usual Americans and captured tasks for the goods they use in order to pay tax cuts for billionaires.
They were supported by Trump themselves – who is currently said he doesn’t care If the prices rise at short notice for goods.
“The Republicans are winding,” said the Senate leader of the Democrats, Chuck Schumer.
Trump is now working on to promote her spines. He promises a new golden age of American production if the party can challenge the initial storm.
In this, Trump has published a warning to his party in this end of this, which is expected: Support my Canada tariff.
“Don’t let the Democrats have a victory,” said Trump, referring to the coordination of the Senate. “It would be devastating for the Republican Party and especially for the United States. Make America great again!”
The pressure on the Republicans is real. One that Kaine, as a supporter of his draft law, Thom Tillis, from North Carolina, later clarified on Tuesday that, despite his concerns about the tariffs, he would not vote for it.
It is worth noting that Tillis’ own situation is determined: He will be re -elected next year and faces a primary challenge of what makes it risky to annoy Trump. Other Republicans – Rand Paul and Susan Collins – still support the bill, and Kaine said he was optimistic that he could get a few more to achieve a majority.
Now Washington is watching the white house.
Not only Washington, but also the dealers from Wall Street and Windsor, car workers from OnT. And other people with a trade with the USA
The largest unknown is whether Trump will announce a flat global tariff or a number of so -called mutual measures.
The white house doesn’t say. Media reports indicate that it is still being discussed internally – although Trump fought for this idea for two years.
Each approach is associated with challenges.
The first idea, the global tariff, is a blunt instrument that the United States could easily penetrate into a recession. The latter is painfully complex; For weeks, trade experts have been saying that Trump’s team could not create this system by April.
At an event in February in the conservative American Enterprise Institute, a trading policy expert steadily said that April 2 would be a chaos. There is simply no way to design each other from country to country so quickly.
“You won’t get any closer,” said Derek Scissors over a month ago.
“We will either get a big withdrawal, which would be reasonable, or we will get a complete nonsense.”
