Trump “unjust or oppressed” in an attempt to impose customs duties on other countries?

US President Donald Trump criticized the trade deficit of his country, which the Ministry of Commerce stated that it reached a new record, but the Ministry’s trade report itself showed that the value of American exports also recorded a new record, indicating that there is still a strong demand for American goods and services abroad, In this regard, the American “NBC News” network asked a question about whether Trump is unjust or wronged in an attempt to impose customs duties on the United States and its commercial partners, and to understand what these fees mean and the extent of their effect we will explain the matter simply according to what the network reported in the following lines .

Commercial deficit .. What does it mean?

The trade deficit simply means that the state is importing more than it is issued, and as the Congress Research Department mentioned in 2018, Trump’s insistence on the contrary, that is, to convert the deficit to providing “it contradicts the opinions of most economists.”
Also read: Trump is waving the imposition of customs duties on Japanese commodities … and explains the reason
Maintaining the deficit in the trade balance does not usually reflect a lot about the state of the economy of any country. The American trade deficit reflects strong local growth and consumption, especially compared to the weakest economic performance that many parts of the world have witnessed, including most other advanced Western countries.

The importance of trade in the United States

“Trade helps us to be better,” said Vans Jin, an economist and consultant in Trump’s first state.
Jane added that the levels of large American imports reflect the strong demand from consumers on goods, whether by supplying goods that the United States no longer produces or goods that can be produced at a lower cost elsewhere.
The American economy as a whole is generally benefits from this arrangement.

Senior exporters to America

According to NBC, countries with large trade surpluses such as the Kingdom of Saudi Arabia, China and Russia tend to be from the great exporters of natural resources with relatively less local consumption rates.
Also read:
Trump indicated that it may be better for the United States to be closer to this group of countries, that is, closer to Saudi Arabia and China than Western countries.
In the executive order issued by Trump, in which he set the priorities of his new administration in the field of trade, “the investigation of the causes of the large and continuous annual trade deficit in our country” is the first item that was included.

Resistance to trade deficit .. Is Trump right?

When Trump was asked about what Canada and Mexico have to do to avoid imposing new customs duties by 25%, he said: “They have to achieve balance in their trade, first and foremost, we have a deficit with almost every country and we will work to change that.”
Because the Americans tend to buy more and provide less than their counterparts in other countries, the deficit will remain existing, so economists are almost unanimously agreed that Trump’s call to impose customs duties to reflect the direction of the deficit would raise costs on American consumers and the president himself recently acknowledged that this imposed this. Fees are likely to lead to “pain” for some time.

Who does Trump rely on his point of view?

And who often based on Trump in the formation of his point of view on the definitions, NBC News says that the 47th president is citing “Polly McKinley” former US President who helped as a member of the Congress in imposing huge commercial fees as a reference in how to manage the American economy.
Indeed, McKinley succeeded in collecting huge sums of money for the American government several decades before applying the first income tax.
However, by the time McKinley took over the president in 1897, the country’s move from the agricultural economy to the industrial economy was ultimately accelerated and abandoned the use of customs tariffs in favor of mutual trade agreements.

Two opposing desires at Trump

The editorial board of the Wall Street Journal has referred to the “contradictions” in Trump’s economic policies.
The newspaper said: “Trump loves customs duties and wants more of them, but he also wants a weaker dollar to enhance American exports and the two desires are opposed.”

What economists believe

Most economists believe, from different trends from left to right, that at this stage it will be very difficult to return a large number of manufacturing roles – and that the roles that are still existing are benefiting from the decrease in commercial barriers and in some cases of federal programs designed to support industries such as The manufacture of semiconductors.
“It is better for Trump and his team to give up gossip around the strength of the dollar and the weakness of the dollar and focus on the stability of the dollar, and this is what the Americans have elected for him and those who are tired of inflation in light of it,” wrote the famous American Wall Street Journal editor -in -chief.