Ghobashi for "Xinhua"Trump uses customs duties to impose sanctions on states
Mukhtar Ghobashi, Vice President of the Arab Center for Political and Strategic Studies, said that the United States uses customs duties as a political tool to impose a kind of sanctions on major countries, which poses a threat to the economy Global."RTL"> Ghobashi explained, in an interview with Xinhua News Agency, that the United States imposes these customs duties because it believes that it will eventually lead to providing some financial needs or paying part of the trade balance deficit for it with many Countries."RTL"> and noted that many economists have criticized the measures of US President Donald Trump that could cause a major economic recession in the world."RTL"> The political expert added that the Trump principle is summarized in the phrase & quot; America’s interest first & quot; And that he sees that American domination and reformulation of the balance of trade relations and the balance of international powers must ultimately pour in the interest of the United States."RTL"> and stressed that Trump believes that his customs procedures maintain in one way or another the steadfastness of the United States instead of rapid curvature, indicating that he also uses these measures as a political tool and a kind of sanctions imposed on major countries, but its reflection will be negative on the trade movement World."RTL"> Ghobashi believes that Trump’s customs biographies will also reflect negatively on the United States’ relations with many countries."RTL"> It is worth noting that US President Donald Trump said on Monday that foreign governments have to pay & quot; huge sums & quot; To raise comprehensive customs duties, describing the drawings as & quot; drug & quot;
Asian stocks recorded heavy losses in yesterday’s dealings and the futures for the American stock market decreased sharply, as investors expressed their concerns that Trump’s customs duties will lead to high prices, poor demand, low confidence, and possibilities World.
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