A large number of countries seek to eliminate tariffs against the United States and move to free trade
In practice, this policy implies that, for example, if a country charges a 10% tariff on American products, the United States would impose a 10% on imports coming from that country.
Trump emphasized that the reciprocal tariffs do not seek to punish beyond what is necessary, but to establish "fair trade" in international commerce. He also anticipated that he could reduce or eliminate these tariffs if the affected countries lower or eliminate their own tariffs against the United States.
Hassett, who was part of the group of officials that advised Trump in analyzing the measure, admitted that "an increase in prices could be observed," although he dismissed that the tariffs represent "a significant burden" for the country's consumers.
Additionally, the official emphasized that the tariffs should not be considered a direct tax, as they are subject to the dynamics of supply and demand.
"Our goal is to reduce taxes, public spending, and regulations while establishing a global tariff base that targets the most aggressive market players," he explained.
More than 50 countries affected by the reciprocal tariffs policy promoted by the President of the United States, Donald Trump, contacted the American authorities to initiate negotiations with the aim of eliminating all tariffs and moving toward free trade, according to Kevin Hassett, director of the White House National Economic Council, this Sunday.
"Last night I received a report from the Trade Representative indicating that more than 50 countries have established contact with the President with the purpose of starting talks," Hassett noted in an interview given to the program "This Week," broadcast by ABC News.
The global 10% tariff, announced by Trump during the week, began to take effect this Saturday, in a decision that, although it caused instability in international stock markets, is expected to be only temporary.
On April 2, in a date that was named "the Day of Liberation," the Republican leader announced the imposition of this 10% tax on a total of 184 countries and territories, including the European Union. In certain cases, the rate was raised to 20% for products coming from Europe and up to 34% for goods imported from China.
