09.04.2025 00:00
U.S. President Donald Trump announced that the tariffs he announced to the world last week are generating approximately 2 billion dollars a day for the United States.
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US President Donald Trump announced new customs tariffs to the world last week. Trump imposed heavy taxes especially on China, the EU, and the UK, while reactions in the US rose one after another.
TRUMP'S CUSTOMS TARIFFS HIT THE WORLD MARKET
Trump's customs tariffs created a seismic effect in the world markets. While there were significant crashes in the stock markets, losses in the dollar, euro, and gold were severe.
TRUMP: WE ARE EARNING 2 BILLION DOLLARS A DAY
Trump's customs tariffs only benefited the US. The US President announced that his country earns approximately 2 billion dollars a day from customs duties.
MUTUAL TARIFFS IMPOSED BY THE US
On April 2, Trump signed a decree imposing additional customs duties on all products imported into the US. The White House announced that these tariffs would come into effect on April 9. The tariff rates applied by the US to many of its trade partners range from 10% to 50%. Many countries and the EU reacted to Trump's tariffs, stating that these rates would be negotiated with the US. Kevin Hassett, Director of the White House National Economic Council, stated that more than 50 countries had contacted the White House to negotiate the tariffs that Trump would impose.
104% ADDITIONAL CUSTOMS TAX ON CHINA FROM THE US
On the other hand, the US increased the tax on China, which did not back down from the 34% customs tax as retaliation. The White House announced that an additional customs tax of 104% on products originating from China has come into effect. It was stated that the decision would be valid from today.
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