Trump is seeking to celebrate definitions, and reassured the economy

President Trump sought to celebrate the new customs tariff system and assured the public about his economic sponsorship on Thursday as a business schedule in the situation of the Republican Party and the income of the global economic system.

Trump said that the customs tariff will collect billions of dollars for the US Treasury, while Treasury Secretary Scott Bessent argued that foreign producers and adult retailers will absorb the costs of definitions.

“Definitions are flowing to the United States of America at levels that are not believed to be possible,” Trump said on Thursday morning.

The stock markets were less admired.

The Dow Jones industrial average was closed by 0.5 percent, and 224 points fell, with a Trump tariff, while the S&P 500 index decreased by approximately 0.1 percent.

The heavy nasdaq compound in technology closed by 0.4 percent after increasing by up to 1 percent in the morning.

Trump closed today with an improvised economic declaration from the White House with conservative economist Stephen Moore, as the BLS report last week, which found that the economy had gained about 250,000 jobs less than he had previously thought over the past few months.

Moore and Trump showed the plans that said job gains were much stronger during Trump’s era than former President Biden, while Trump once again suggested that the previous week numbers had been forged against them. Trump’s launch of BLS Commissioner who produced the report has been criticized for the formation of liberals and conservatives, who warned that it would be difficult to tilt data.

The aggressive defense of the shooting, in addition to the shooting itself, indicates some anxiety by Trump that the economy may not be as strong as it appears. Data readings last week suggested that employers are concerned about the uncertainty in the definitions that may be suspended in their employment.

“The economy slows down and grows less than its short -term capabilities,” wrote Ryan Sowet, the chief American economist in Oxford Economic, in the analysis of this week.

“Since large companies can better overcome customs tariffs, they outperform small companies, which enhances the weakness of the last labor market. Employment between small companies, the backbone of the labor market, hardly joking and the basics are still not favorable.”

But Trump on Thursday said that the numbers were wrong, on purpose or not, and he and his supporters said that the skeptics of the definitions were outside the base.

“What we see is that manufacturers abroad accommodate some of this. Retailers accommodate some of this. And part of our plan is to obtain real income growth for Americans of the working class,” said Pesint at Moorening Joe on Thursday morning.

There is no doubt that Trump fulfills his promise to impose a sharp tariff and change America’s policies.

As of Thursday morning, the average customs tariff will be about 15 percent, compared to about 2 percent in 2024.

Trump’s siphon is the tariff orders and commercial agreements is an unambiguous political victory for the president. The Republican Party – for decades, has transformed the stronghold of free merchants – into a political force for protection that governs the world’s largest economy.

How long this victory can last is an open question, as American commercial partners and companies are scrambling to understand what they must do to comply with the changing tariff rates by Trump and his expectations for foreign investment.

Economists say that the net effect of Trump’s definitions and tax discounts will be less than the poorest income and high costs for most companies.

Sweet said in his analysis: “Small companies are under pressure from vulnerable sales, high input costs, and high interest rates,” Sweet said in his analysis.

“The definitions expand the gap between small and large companies, as major companies have financial to the front imports and have more pricing power. Small companies have less muscles to re -negotiate with foreign manufacturers, and it is difficult to transfer the definitions of the consumer,” Sweet wrote.

Trump announced for the first time the definition plan on April 2, but imposed a 90 -day extension, amid pressure from Wall Street and his Republican colleagues to calm the sick markets. Then the date for the tariff spread in July to extend 90 days until it ended to August 1 and pushed to Thursday.

Trump’s tariff matter stated that all imports face a 10 percent tariff. Some commercial partners face higher rates, including 41 percent over Syria, 19 percent in Indonesia and Thailand, 15 percent in South Korea, Japan and the European Union.

Some countries, such as Laos and Switzerland, are 40 and 39 percent, respectively, a higher tariff, while others, including Nicaragua, face a 18 % tariff.

One of the pressure groups with restaurant industry said that many employers believe that the system will change again if there is more signs that it weakens the economy.

“Most of the business leaders face realistic at the same time,” said pressure groups. “On the one hand, they need to plan to increase costs – from customs tariffs, high interest rates, and the cost of goods for construction, equipment and the like – with the awareness that with the administration continuing in an attempt to put these issues as a political victory, they are likely to change and the uncertainty is only in calculating the differentiation and integration at this stage.”

One of the pressure groups in the retail sector said that companies may largely accept that Trump’s second administration will mean uncertainty for them and learned how to move in that.

“I think the turmoil has been settled, and people may be corrupt with four financial years for the inability to predict fluctuations and turns in the world of tariffs.” “There are many theories on how this affects prices and economics, but more and more people settle to move as much as possible and hope for the best.”

Some commercial partners will face a high tariff because of a specific issue that Trump cited. Brazil will strike with a tariff of 50 percent, in part, pointing to the trial of former President Jere Bolsonaro for his efforts to stay in power after losing in the elections, and Canada will strike with a 35 percent tariff, citing frustration with the flow of fentian via the American border.

There are some exemptions, such as the goods that are already on a cargo ship and are directed at the American goods covered by the United States and Mexico agreement signed in 2020 of the customs tariffs on Canada and Mexico.

On Friday, Trump’s deadline for Russia coincides with the approval of the ceasefire with Ukraine or facing a “severe” tariff, threatening to slap a “secondary” tariff by 100 percent on countries that deal with the Kremlin, including those that buy Russian oil and gas, such as India.

In addition, commercial talks with China are continuing, and Trump officials discussed the extension of the deadline on August 12 to obtain a 30 percent tariff on Chinese goods. Trump still has to agree to the extension, and it is not clear how long it will continue.

Trump also threatened the definitions of the industry, such as those on cars, copper, steel and aluminum, as well as tariffs of 250 percent on pharmaceutical imports. He recently warned that he was planning to impose a 100 percent tariff on all semiconductor imports.

The TROMP semiconductor movement is part of its goal to bring electronics supplies to the United States, and many major companies have pledged to invest in local manufacturing. Such a move can have the effects of national security, such as making the United States less dependent on the taiwanese chips.

Trump administration officials have extensively argued that major commercial resets are necessary, and that Trump’s view of definitions will bring jobs and growth to the United States and eliminate dependence on foreign manufactures.

President Trump said: “We are trying to balance the trade in favor of America. As you know, President Trump said, and I said that we want to restore high -resolution industrial functions,” President Trump said.

“We want to get rid of this great deficit that we have with the countries that created these large surpluses and destroy our manufacturing base and were terrible for American workers.”