Money and business

The new Trump fees are affected .. Exchanges are retreating and fears of the slowdown in the global economy

US President Donald Trump signed an executive order that determines the value of the new that will affect the products of dozens of countries, confusing in the global economic system with these commercial barriers that will have the most severe for Canada and Switzerland.
The White House, aspiring to “restructuring the global trade of what is beneficial to American workers”, has set a period for a few days before the new fees entered the imports on the seventh of August, and not in the first of it as it was essentially expected, to allow customs to organize the collection operations, according to what the White House official explained to the press.
Experts warned that the new acquaintances threaten to curb trade exchanges, increase costs on companies, raise prices on consumers, and cause slowdown in the global economy, even if the International Monetary Fund seemed to be less pessimistic on Tuesday three months ago.

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She opened a decline on Friday, while Asian stock exchanges closed a slight drop.
For some countries that have reached understandings with the United States, they will apply to them according to the decree agreed upon months after negotiations, during which Washington sought to extract the largest possible amount of concessions without exposure to corresponding measures on American exports.
In this context, the fees at a level of 15% were set on the products of the European Union, Japan, South Korea and 10% on the United Kingdom’s products.
The European Union also obtained an exemption from fees for basic sectors, while other tight drawings, such as the fees imposed on wine and alcoholic beverages, which warned the French exporters on Friday of their “consequences” of jobs.

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