President Donald Trump announced his decision on Wednesday to level the enormous economic rates all over the world, but three important countries were not on the list.
Mexico, Canada and Russia stayed away from the long list of tariff proposals that the President showed in the White House.
Trump laid the rates at Mexico and Canada prior to his rate event on Wednesday at selected industries, including a 25 percent service in the entry of cars.
A fact sheet from the White House showed that goods from Canada and Mexico that met President Donald Trump's USMCA trading deal that signed in 2020 would not continue to have rates, but that non-compliant energy and Potas would see a rate of ten percent.
“That will remain free for the time being,” Minister of Finance Scott Bessent confirmed in an interview with Fox News in the White House after the announcement of Trump.
The Minister of Finance explained that Russia had been left from the list because the United States did not act with them.
'Well, Russia and Wit -Russia are not dealing with. Right?' He said, referring to the constant economic sanctions against Russia for the penetration of Ukraine. “They are sanctioned.”
Bessent admitted that some rates for countries such as China were higher than expected, but said they were part of a negotiation process.
US President Donald Trump shows a graph on rates in the rose garden in the White House
US Treasury Scott Bessent arrives at Capitol US
He drove it on Alarmed by every country by President Trump's actions to take stock at the new rates before he reacted dramatically.
'My advice to everything is not taking revenge now. Sit back. Take it up. Let's see how things are going. Because, if you take revenge, there will be escalation. If you don't take revenge, this is the high water stripe, “he said.
Trump did not stop when he announced radical rates all over the world, also on American Allied countries.
“My fellow Americans, this is Liberation Day, we've been waiting for a long time,” said Trump.
China, one of the largest trading partners in the United States, would be hit according to a rate of 54 percent according to the graph of Trump that he unveiled during the event.
US President Donald Trump signs an executive order after giving comments on mutual rates during an event in the Rozentuin
A graph that shows the “mutual rates”
President Donald Trump holds a newly signed executive order during a '' Liberation Day 'event in which the president signed an executive order and created mutual rates.
The opening of Trump Salvo at rates has already sent stock market values ​​that falls as uncertainty plague worldwide economists and investors.
Fitch Ratings revealed that Trump's new rates would increase trade levels from only 2.5 percent last year to 22 percent, the highest levels since 1910.
During the event in the White House, the President selected different countries, specifically for breaking down the United States.
Trump has chosen the European Union as 'very tough, very, very tough traders' and proposed a rate of 20 percent.
President Donald Trump speaks during an event to announce new rates in the Rozentuin in the White House
(LR) US Treasury Secretary Scott Bessent, US House Speaker Mike Johnson, American Vice President JD Vance, American Foreign Minister Marco Rubio, and the American Minister of Defense Pete Hegse Listen as the US President Donald Trump appoints mutual rating
You think of the European Union, very friendly. They tear us off. It is said to see. It's pathetic, “said Trump.
He proposed a rate of 46 percent for Vietnam and noticed that they were 'great negotiators' and 'great people', but said that the United States had a trade figure of 90 percent.
Other rates include 32 percent for Taiwan, 24 percent on Japan and 26 percent on India.
Stockfutures fell steeply after Trump's announcement, because the futures were connected to the industrial average of Dow Jones, lost 1,007 points, or 2.3 percent. S&P 500 Futures fell by 3.4 percent and Nasdaq-100 Futures lost 4.2 percent, according to CNBC.
American companies that rely on imported goods such as Nike and Apple each fell around seven percent.
Futures for bargains Retailers such as Dollar Tree lost 11 percent and five lower lost 15 percent.
