According to Jinshi, U.S. President Donald Trump announced the introduction of additional tariffs on countries that tax American exports. This move is aimed at protecting U.S. economic interests and ensuring the principle of reciprocity in trade. Trump emphasized that countries imposing high tariffs on American goods will face similar restrictions. In particular, tariffs may affect partners such as China, Mexico, Canada, Japan, and EU countries, which the administration believes engage in unfair trade practices. For example, a 20% tariff has been imposed on Chinese imports, 25% on goods from Mexico and Canada, as well as 25% on steel and aluminum globally.
At the same time, Trump stated that Congress is nearing the passage of a large-scale tax reduction bill. This document, he said, will be the largest in U.S. history and provides for tax cuts for corporations and small businesses, the elimination of taxes on tips and overtime, as well as increased deductions for auto loans and senior citizens. Meanwhile, cuts to social programs and rising border security costs have sparked discussions. Economists warn of potential inflation increases and a weakening dollar due to these measures.
These initiatives could change global trade and the domestic economy of the U.S., affecting prices and markets.