US President Donald Trump said Tuesday he wanted to avoid implementing trade policies that would hurt the U.S. economy, even as his administration is engaged in trade fights with several countries.
Donald Trump assured Tuesday, after a series of tweets, that “THE UNITED STATES IS READY TO DO BUSINESS!”
“We don’t want to make it impossible to trade with our country. It would simply mean that the orders would go “outside the United States,” he had written before.
“I have seen certain bills circulating, including those envisaged by the Congress, and they are ridiculous,” added the president.
Since coming to the White House, Donald Trump has imposed tariffs on billions of dollars of goods imported into the United States and sparked trade disputes with the majority of the country’s partners.
The main target of his wrath, China, with which a first agreement was signed in mid-January. Most customs tariffs have nevertheless been maintained.
“We want to sell products and goods to China and other countries. That’s trade, “said Donald Trump, saying” he wants China to buy [their] best aircraft engines in the world.
“The United States will not become a country where it is difficult to buy products,” promised Donald Trump, citing “the overused excuse of national security.”
However, this is what he invoked to impose tariffs on steel and aluminum around the world, or to prohibit American telecom operators from using subsidies to finance the purchase of equipment from Chinese Huawei and ZTE.
In retaliation, American goods, including agricultural products, were struck with tariffs, which led the White House to subsidize farmers with millions of dollars.
Most of the time, traditional customers in the United States have turned to other, less expensive options.
“With each series of cascading tariffs, Trump has frightened American businesses, prompting them to become protectionists,” Chad Brown, trade expert at the Peterson Institute for International Economics, recently wrote in an academic journal.
“For many Americans, the high costs resulting from these tariffs mean that they can no longer compete with foreign companies, whether in the United States or around the world,” said Brown.