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Silver Lining Emerges as Malaysia Navigates US Tariffs

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PETALLING JAYA: While the US imposing tariffs may seem gloomy, it actually presents an opportunity for our country, according to various trade associations.
 
 
 The President of the Federation of Malaysian Manufacturers, Tan Sri Soh Thian Lai, stated that although the 24% tariff imposed on Malaysia is far from perfect, it offers certain strategic benefits when compared with neighboring countries.
 
 
 numerous ASEAN nations such as Vietnam, Cambodia, and Laos along with China are encountering substantially increased bilateral US tariffs, with some approaching twice the rate imposed on Malaysia.
 
 
 This change effectively flattens the competition landscape and places Malaysia in a more appealing position for exports, particularly for purchasers looking to move away from pricier nations.
 
 
 "We can leverage this competitive edge to grab a portion of the U.S. market in specific product segments," he stated upon being reached for comment.
 
 
 Although sectors such as semiconductors and pharmaceuticals are not subject to the tariff increase, Soh mentioned that other industries could still see advantages.
 
 
 They encompass items such as rubber gloves, electronic gadgets, packaged foods, aviation parts, furniture, and medical equipment.
 
 
 "These sectors are areas where Malaysia has demonstrated expertise, and where rival suppliers from China or Vietnam currently encounter increased tariff obstacles," he stated.
 
 
 Soh observed that Malaysia's robust manufacturing capabilities, varied supply chain network, and credible regulations could establish the country as a dependable alternative within global supply chains catering to the U.S. market.
 
 
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 The Associated Chinese Chambers of Commerce and Industry Malaysia Treasurer-General, Datuk Koong Lin Loong, stated that imposing elevated tariffs on other countries within the Southeast Asian region might result in substantial long-term benefits for Malaysia.
 
 
 The bright side we should focus on is the possibility of turning Malaysia into a key regional investment center.
 
 
 "Investors prefer putting their money here over countries like China and Vietnam, where they faced heavier tariffs," he stated.
 
 
 He mentioned that the country's attractiveness as an investment destination was enhanced because of its robust economy, consistent governmental policies, and capable workforce.
 
 
 These are key elements that investors take into account.
 
 
 “Although the US tariffs on the Philippines (17%) and Singapore (10%) are lower than Malaysia, investors may find policies in the Philippines not so conducive while Singapore may be too expensive for them to set up operations,” he said.
 
 
 Koong mentioned that the strengthening of the ringgit against the US dollar can be attributed to robust economic indicators within the country and the currency being considered undervalued.
 
 
 Given the imposed tariffs, fund managers view the currency’s potential.
 
 
 "Additionally, our stock market has stayed above the 1,500 level, unlike some others that experienced significant drops," he noted.
 
 
 The President of the SME Association of Malaysia, Chin Chee Seong, stated that these tariffs will affect certain areas but primarily target particular high-tech and premium petroleum goods rather than across all sectors like in various other nations within the Asia-Pacific area.
 
 
 Relative to several nations like Laos, Cambodia, Vietnam, and China, our situation remains comparatively more favorable.
 
 
 We primarily export advanced technology goods and premium petroleum products, constituting the major portion of our transactions with the United States; concurrently, we maintain a comparatively modest trade imbalance.
 
 
 "We are in a more favorable situation since items like semiconductors are not subject to tariffs. Therefore, we will probably face only a 10% tariff on most of our other exported goods," he stated when reached for comment.
 
 
 Chin observed that Malaysia was heading in the correct direction by avoiding retaliatory actions towards the United States and choosing instead to pursue a policy of friendly interaction.
 
 
 He thought that US President Donald Trump might experience another phase of tariff modifications because of the criticism he is receiving from various nations as well as within his own country.
 
 
 The co-chairman of the Asean-India Business Council, Nivas Ragavan, noted that Malaysia avoided increased tariffs thanks to its equitable trading relationship with the United States, especially in critical sectors like electrical and electronic products, medical equipment, and precise components which demand stringent compliance standards.
 
 
 "These sectors are closely intertwined with U.S. supply chains and follow international regulatory standards, which might have led the United States to apply a lesser tariff rate than other regional exporters who have distinct trade profiles," he explained.
 
 
 Nivas, who also serves as the vice-chairman of the Federation of Malaysian Businesses Association, stated that reducing tariffs for Malaysia would offer the country a stronger competitive edge.
 
 
 Many of our ASEAN neighbors now encounter higher expenses when exporting goods to the United States.
 
 
 "This might steer specific American purchasers and investors towards Malaysia, notably within areas such as manufacturing, electronics, and medical equipment," he stated.
 
 
 He mentioned that the nation could utilize its current free trade pacts and business-conducive atmosphere to draw in shifts in supply chains from nations with higher tariffs.
 
 
 "There's an opening here for Malaysian exporters to seize, innovate, and take over the space vacated by their regional rivals," he noted.
 
 
 As for the ringgit’s recent appreciation, Nivas said that this could be due to the volatility of the US economy due to inflationary pressure.
 
 
 "In the Malaysian context, persistent trade surpluses, higher commodity prices especially for palm oil and energy, along with a gradual rebound in local consumption, are bolstering faith in the ringgit," he further stated.
 
 
 The advisor of Bumiputera Retailers Organization Malaysia, Datuk Ameer Ali Mydin, stated that products brought in from nations facing increased tariffs might ultimately be sold in this country for less money.
 
 
 This is because companies in those impacted nations might produce more than needed domestically as a result of increased taxes on exports to the United States.
 
 
 "Nevertheless, we need to be cautious about avoiding dumping from these nations, which is currently occurring via e-commerce platforms and could impact our retail industry," he stated.

Silver Lining Emerges as Malaysia Navigates US Tariffs

Unknown business, economics, government regulations, international economics, international trade

PETALLING JAYA: While the US imposing tariffs may seem gloomy, it actually presents an opportunity for our country, according to various trade associations. The President of the Federation …

Trump Stands Firm on Tariffs, Deems Them 'Medicine' as Markets Tumble

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 President Donald Trump stated on Sunday that he will not retreat from his broad tariff measures on imports from most nations until those countries balance their trade relationships with the United States.


 He is steadfastly pursuing his agenda to introduce these taxes, leading to volatile reactions in financial markets, sparking concerns about an economic downturn, and disrupting the worldwide trade framework.

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 U.S. President Donald Trump at Miami International Airport, Florida on April 3, 2025. Image captured by AFP
 
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 While speaking with journalists onboard Air Force One, Trump stated that he did not wish for global markets to decline; however, he was not particularly worried about the significant drop either. He further commented, “Occasionally, you need to take some medicine to address an issue.”


 His remarks were made as international financial markets seemed poised to maintain their steep drops when trading resumed on Monday. This followed efforts by Trump’s advisors to calm market worries, stating that over 50 countries had contacted them expressing interest in initiating talks aimed at reducing the tariffs.


 "Many leaders from Europe, Asia, and various parts of the globe have spoken to me,” Trump stated. “They are eager to strike a deal. However, I told them that we won’t run up deficits with their countries. For me, a deficit means losing money. Instead, our aim will be to achieve surpluses, or at minimum break even.”


 Starting Wednesday, increased rates will come into effect, marking the dawn of a period marked by economic unpredictability without an apparent conclusion. According to Treasury Secretary Scott Bessent, unjust trading tactics cannot simply be resolved through negotiations lasting mere days or weeks. He emphasized that the U.S. needs to assess what these nations propose and determine if their offers hold credibility.


 Trump, who spent the weekend in Florida playing golf, posted online that "WE WILL WIN. HANG TOUGH, it won’t be easy." His Cabinet members and economic advisers were out in force Sunday defending the tariffs and downplaying the consequences for the global economy.


 We don't necessarily have to face a recession," Bessent stated. "It’s uncertain how the market will respond over the next few days or weeks." He added, "Our focus is on establishing strong long-term economic foundations for growth and success.


 On Sunday night, U.S. stock futures declined due to ongoing tariff concerns affecting the market. Futures for both the Dow Jones Industrial Average and the S&P 500 decreased by approximately 4%, whereas Nasdaq futures plummeted almost 5%. Additionally, Bitcoin, which had remained fairly steady throughout the previous week, saw a drop of around 6% on Sunday.


 Trump’s tariff
 On April 2, blitz carried out a crucial pledge from his campaign by unilaterally reshaping international trade regulations. This step had been years in the planning for Trump, who has consistently criticized overseas trade agreements as detrimental to America. His strategy hinges on the assumption that citizens will accept increased costs for common goods in order to implement his economic plan.


 Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly.


 Top White House economic adviser Kevin Hassett acknowledged that other countries are "angry and retaliating," and, he said, "by the way, coming to the table." He cited the Office of the U.S. Trade Representative as reporting that more than 50 nations had reached out to the White House to begin talks.


 Adding to the turmoil, the new tariffs are hitting American allies and adversaries alike, including Israel, which is facing a 17% tariff. Israeli Prime Minister Benjamin Netanyahu is set to visit the White House and speak at a press conference with Trump on Monday, with his office saying the tariffs would be a point of discussion with Trump along with the war in Gaza and other issues.


 Vietnam, a major manufacturing center for clothing, has also been in touch with the administration about the tariffs. Trump said Vietnam’s leader said in a telephone call that his country "wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S." And a key European partner, Italian Premier Giorgia Meloni, said she disagreed with Trump’s move but was "ready to deploy all the tools — negotiating and economic — necessary to support our businesses and our sectors that may be penalized."


 Commerce Secretary Howard Lutnick made clear there was no postponing tariffs that are days away.


 "The tariffs are coming. Of course they are," he said, adding that Trump needed to reset global trade. But he committed only to having them "definitely" remain "for days and weeks."


 In Congress, where Trump’s Republican Party has long championed free trade, the tariff regiment has been met with applause but also significant unease.


 Several Republican senators have already signed onto a new bipartisan bill that would require presidents to justify new tariffs to Congress. Lawmakers would then have to approve the tariffs within 60 days, or they would expire. Nebraska GOP Rep. Don Bacon said Sunday that he would introduce a House version of the bill, saying that Congress needs to restores its powers over tariffs.


 "We gave some of that power to the executive branch. I think, in hindsight, that was a mistake," said Bacon, adding that getting a measure passed would be challenging unless the financial markets continue to react negatively and other indicators such as inflation and unemployment shift.


 Wyoming’s John Barrasso, the No. 2 member of the Senate’s GOP leadership, said Trump is "doing what he has every right to do." But, he acknowledged, "there is concern, and there’s concern across the country. People are watching the markets."


 "There’ll be a discussion in the Senate," Barrasso said of the tariffs. "We’ll see which way the discussion goes."


 Trump’s government cost-cutting guru, billionaire businessman Elon Musk, had been relatively silent on Trump’s tariffs, but said at a weekend event in Italy that he would like to see the U.S. and Europe move to "a zero-tariff situation." The comment from the Tesla owner who leads Trump’s Department of Government Efficiency drew a rebuke from White House trade adviser Peter Navarro.


 "Elon, when he is on his DOGE lane, is great. But we understand what’s going on here. We just have to understand. Elon sells cars," Navarro said. He added: "He’s simply protecting his own interest as any business person would do."


 Trump indicated he disagreed with Musk, saying Sunday of the European Union, "They want to talk, but there’s no talk unless they pay us a lot of money on a yearly basis."


 Lawrence Summers, an economist who was treasury secretary under Democratic President Bill Clinton, said Trump and his economic team are sending contradictory messages if they say they are interested in reviving manufacturing while still being open to negotiating with trade partners.


 If other countries eliminate their tariffs, and the U.S, does, too, he said, "it’s just making a deal, then we don’t raise any revenue nor do we get any businesses to relocate to the United States. If it’s a permanent revenue source and trying to get businesses to relocate to the United States, then we’re going to have these tariffs permanently. So the president can’t have it both ways."


 Bessent was on NBC’s "Meet the Press," Hassett and Summers appeared on ABC’s "This Week," Lutnick and Barrasso were on CBS’ "Face the Nation" and Navarro was interviewed on Fox News Channel’s "Sunday Morning Futures."

Trump Stands Firm on Tariffs, Deems Them 'Medicine' as Markets Tumble

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President Donald Trump stated on Sunday that he will not retreat from his broad tariff measures on imports from most nations until those countries balance their trade relationships with the United S…

"Tariffs Are the Only Cure for Massive Financial Deficits with China and the EU": Trump

Unknown european union, international economics, international relations, international trade, politics

<img data-document-id="cms/api/amp/image/AA1CpLew" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CpLew.jpg"/>
<div class="content count-br">
 
 
 Washington DC [
 US
 ], April 7 (ANI):
 US
 President Donald Trump defended his administration's implementation of reciprocal
 tariff
 Regarding different nations, emphasizing their
 financial deficit
 s the
 US
 faces with nations like
 China
 as well as the European Union, contending that
 tariff
 The only way to address these trade imbalances is through tariffs.
 
 
 Donald Trump also criticised the trade surplus with these countries under former President
 Joe Biden
 , vowing to reverse it swiftly, while expressing his belief that
 tariff
 s would prove beneficial for the
 US
 .
 
 
 Sharing a post on social media platform Truth Social on Sunday (local time), Trump wrote, "We have massive
 financial deficit
 s with
 China
 , the European Union, and numerous others. The sole solution to this issue is through
 tariff
 which are now generating tens of billions of dollars for the
 US
 A. They are currently active, and quite a splendid sight to see."
 
 
 He added, "The surplus with these countries has increased during the 'Presidency' of someone often described as sluggish."
 Joe Biden
 We aim to turn this around swiftly, and one day people will come to realize that
 tariff
 Sure, "For the United States of America, they are truly a magnificent sight!"
 
 
 As stated by the Office of the United States Trade Representative,
 US
 total goods trade with
 China
 were an estimated
 US
 D $582.4 billion in 2024.
 US
 goods exports to
 China
 in 2024 were
 US
 D $143.5 billion, decreased by 2.9 percent (
 US
 D $4.2 billion) for 2023.
 US
 goods imports from
 China
 in 2024 totaled
 US
 D 438.9 billion, an increase of 2.8 percent (
 US
 D $12.1 billion) for 2023. The
 US
 goods trade deficit with
 China
 was
 US
 D $295.4 billion in 2024, representing a 5.8 percent increase (
 US
 D $16.3 billion) throughout 2023, according to the Office of the United States Trade Representative.
 
 
 On the other hand,
 US
 total merchandise trade with the
 EU
 were an estimated
 US
 D $975.9 billion in 2024.
 US
 goods exports to the
 EU
 in 2024 were
 US
 D 370.2 billion, an increase of 0.7 percent (
 US
 D 2.6 billion) starting in 2023.
 US
 goods imports from the
 EU
 totaled
 US
 D $605.8 billion in 2024, an increase of 5.1 percent (
 US
 D $29.4 billion) for 2023. The
 US
 goods trade deficit with the
 EU
 was
 US
 D 235.6 billion in 2024, a 12.9 per cent increase (
 US
 D 26.9 billion) over 2023.
 
 
 On April 2, Trump announced a widespread imposition of
 tariff
 s on countries worldwide. In February, soon after taking charge for the second time, Trump outlined a new trade policy focused on fairness and reciprocity and said that the
 US
 would implement reciprocal
 tariff
 s, charging other countries the same
 tariff
 s they impose on American goods.
 
 
 As per the announcements, the import
 tariff
 s on other major countries are
 China
 (34 per cent), the European Union (20 per cent), Vietnam (46 per cent), Taiwan (32 per cent), Japan (24 per cent), India (26 per cent), the United Kingdom (10 per cent), Bangladesh (37 per cent), Pakistan (29 per cent), Sri Lanka (44 per cent), and Israel (17 per cent).
 
 
 From April 9 onwards, countries with the largest trade deficits with the
 US
 will face higher, individualised
 tariff
 s. India is one of the countries affected, with a 26 per cent
 tariff
 imposed on all its exports. (ANI)
 
 
</div>
Provided by SyndiGate Media Inc. (
Syndigate.info
).

"Tariffs Are the Only Cure for Massive Financial Deficits with China and the EU": Trump

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Washington DC [ US ], April 7 (ANI): US President Donald Trump defended his administration's implementation of reciprocal tariff Regarding different nations, emphasizing the…

Euro Soars Toward Five-Month Peak Following Trump’s 'Liberation Day' Address

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 Following U.S. President Donald Trump’s retaliatory tariff announcement on Wednesday evening, the euro experienced a significant surge against the U.S. dollar. By 5:17 AM, the EUR/USD pairing had risen by 0.5%, exceeding half a cent, reaching 1.0915—a figure close to the five-month peak of 1.0953. This nearly offset all declines recorded since Trump's reelection on November 5th.


 The U.S. president stated that his administration would enforce a base tariff of at least 10% on goods from every country, along with extra charges for those deemed non-compliant. A chart was shown illustrating which countries would be subjected to increased tariffs, ranking them with China, the European Union, and Vietnam at the forefront—bearing respective rates of 34%, 20%, and 46%. These supplementary fees will elevate the overall duty on Chinese imports to 54% above the current standard rate of 20%.


 The US dollar declined extensively against most of the key global currencies, notably weakening against the Japanese yen, the euro, the British pound, and the Swiss franc. This shift occurred as investors predicted negative repercussions for the United States economy. Consequently, 10-year US Treasury yields dropped to their lowest point since October 2024.


 Nonetheless, commodity-linked currencies like the Australian dollar and the Canadian dollar declined relative to the US dollar. These currencies correlate with worldwide commodity values, including copper and crude oil, both of which experienced significant drops during Thursday’s trading in Asia. The extensive mutual tariff increases ignited worries of a comprehensive international trade conflict, leading to apprehensions regarding a severe economic slowdown and potentially wider recessions. This shift consequently dampened expectations for strong demand in industrial metals and energy sectors.

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 Trump announces 10% reciprocal global tariffs and 20% on the EU
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<h2>
 Global stock markets tumble
</h2>

 The news unsettled international markets, causing stocks to plunge throughout Asian exchanges on Thursday. Japan's equity market spearheaded the widespread declines, as its key index, the Nikkei 225, dropped almost 3% within the day. This was trailed by Hong Kong's Hang Seng Index, which fell about 1.5%, whereas Australia’s ASX 200 and South Korea’s Kospi both saw drops of around 1%.


 Significantly, major mining company shares drove the widespread declines in the Australian stock market, as BHP decreased by 2.4% and Rio Tinto fell by 2.8%. A significant dip in copper prices had a substantial negative effect on local markets, which could also influence those in the UK because of these companies' listings in both regions.


 Although Australia has limited direct trading ties with the US, the repercussions through China and other major Asian economies experiencing significant tariff impacts might negatively affect our heavily export-dependent economy," noted Josh Gilbert, a market analyst at eToro, in a statement. "This would be particularly true should global demand decrease and commodity prices drop.


 US stock futures took a nosedive, with the Dow Jones Industrial Average down 2.01%, the S&P 500 dropping 2.78%, and the Nasdaq decreasing by 3.3%, signaling a steep decline when trading opens on Thursday. These declines are expected to spread across European markets today, as evidenced by Germany’s DAX futures which were already off by 1.89% at 5:30 am CET.


 Tech stocks are poised for a downturn, as shown during the extended trading period on Wall Street. All seven major technology companies saw substantial drops in after-hours trading, includingTesla which fell by 4.5%, Apple dropping 2.3%, and Nvidia decreasing by 2.4%. "This will undoubtedly have an effect on these leading tech firms, particularly consideringApple's significant presence inChina andNvidia's dependence onTaiwan," Gilbert noted further.

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 Asian markets and US futures decline sharply following widespread US tariff increases
 </li>
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<h2>
 Gold reaches an unprecedented peak
</h2>

 A risk-averse attitude caused gold prices to soar to unprecedented levels, with gold futures leaping to $3,195 an ounce at COMEX and spot gold climbing to a peak of $3,167 an ounce before pulling back.


 Uncertainties may persist, potentially offering additional upward momentum for gold. "It wasn’t evident that the Trump administration would cease their 'trade war' efforts here," noted Kyle Rodda, a senior market analyst at Capital.com, suggesting continued ambiguity ahead.


 Gold, often regarded as a safe-haven asset, saw an increase of 20% this year, building upon a significant 30% gain in 2024, which positioned it as one of the top-performing categories within assets. The rising purchases by central banks, concerns over potential devaluation of the U.S. dollar, and strategic hedges made by investors collectively fueled the sharp rise in gold prices in recent years.

Euro Soars Toward Five-Month Peak Following Trump’s 'Liberation Day' Address

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Following U.S. President Donald Trump’s retaliatory tariff announcement on Wednesday evening, the euro experienced a significant surge against the U.S. dollar. By 5:17 AM, the EUR/USD pairing had ri…

India's Exporters Hit Hard: Textiles, Engineering Goods, Electronics, and Jewels Feel the Pain of Trump Tariffs

Unknown business, economics, exports, international economics, manufacturing

<img data-document-id="cms/api/amp/image/AA1Cc6YS" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cc6YS.jpg"/>
<div class="content count-br">
 
 
 New Delhi [India], April 3 (ANI): Exporters in India’s textile, engineering goods, electronic, and gems and jewelry sectors are anticipated to be most affected by the tariffs introduced by Donald Trump.
 Trump
 according to experts.
 
 
 US President Donald
 Trump
 has imposed a 26 percent duty on goods coming from India. This move, disclosed early Thursday morning IST, encompasses
 Trump
 declaring mutual tariffs on numerous nations such as India.
 
 
 Ajay Bagga, an authority on banking and international stocks, informed ANI that these tariffs are founded on inflated estimates encompassing not only genuine custom charges but also purported currency manipulation and GST. He characterized the change in U.S. trade strategy as transitioning from “America First” to “America Alone.”
 
 
 He stated, "The domestic sectors within India enjoy protection against initial impacts; however, industries such as textiles, engineering goods, electronics, and gems and jewelry face immediate repercussions due to their export nature. This morning has seen a downturn in metals and oil prices alike. Meanwhile, major pharmaceutical companies are adopting a cautious stance since sector-specific tariffs will apply to them."
 
 
 Bagga pointed out that although India's domestic sectors may not be immediately affected, exporters will shoulder the burden of higher expenses.
 
 
 The unexpected introduction of tariffs is anticipated to affect various aspects of India's economy. Increased taxes might result in a reduction of Indian exports, diminishing profit margins for those involved in exporting.
 
 
 Moreover, investors may reallocate their investments towards more secure options like gold, the Japanese yen, the Swiss franc, and Japanese government bonds. This shift might also impact capital inflows into emerging markets.
 
 
 Bagga pointed out that the stock market initially responded to the news by flocking toward safer investments and shedding more volatile assets. He cautioned that the assured economic downturn could exert significant pressure on the markets in the following days.
 
 
 He stated, "What was once uncertain has become definitively known as economic and market distress. Initially, people tend to flock towards safer investments and divest from risky ones."
 
 
 The fresh tariffs might present a substantial obstacle for Indian exporters, forcing them to deal with higher expenses and decreased competitiveness within the US market. Given anticipated additional economic repercussions, participants from various sectors will be keeping a close watch on this scenario. (ANI)
 
 
</div>
Provided by SyndiGate Media Inc.
Syndigate.info
).

India's Exporters Hit Hard: Textiles, Engineering Goods, Electronics, and Jewels Feel the Pain of Trump Tariffs

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New Delhi [India], April 3 (ANI): Exporters in India’s textile, engineering goods, electronic, and gems and jewelry sectors are anticipated to be most affected by the tariffs introduced by Do…

'Tough Love' Quotes: Trump on Tariffs in His Own Words

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<img data-document-id="cms/api/amp/image/AA1CbD75" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CbD75.jpg"/>

 President Donald Trump announced his "Freedom Day" tariffs on Wednesday, sparking global concerns about a potential trade war.


 During an eagerly anticipated address at the White House Rose Garden, the wealthy business magnate declared that April 2, 2025, will "go down in history as the moment American industry was revitalized." He asserted that this date marks the beginning of a significant increase in domestic production, with numerous businesses relocating to the U.S. to manufacture their goods.


 It remains to be observed, however, Trump explicitly stated that he would no longer permit imports into the United States without imposing an appropriate tariff — adding that nations ought to adopt “a bit of tough love.”


 “Leaders from other countries have taken our jobs, cheats from abroad have plundered our factories, and scavengers from overseas have dismantled our former glorious American Dream,” Trump cautioned.


 It will no longer occur though.

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 President Donald Trump displays a signed executive order at an event announcing new tariffs in the Rose Garden of the White House on April 2, 2025, in Washington. The photo was taken by AP.
 
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 Here are some of the key excerpts from his comments.


 
 'Independence'
 


 For many years, our nation has faced theft, destruction, exploitation, and robbery at the hands of countries close and distant, whether they be friends or foes," Trump stated, emphasizing that the misuse of trade by allies frequently surpassed that of adversaries.


 In my view, this is one of the crucial days in American history. It marks our declaration of economic independence.


 Employment opportunities and manufacturing facilities will return robustly to our nation, and this resurgence is already underway. We will boost our internal industrial sector significantly. We will unlock overseas markets and dismantle foreign trade obstacles, leading to increased production within our borders. This shift will result in fiercer competition and reduced costs for customers.


 
 Benevolence?
 


 Even though he announced "minimal standard" tariffs at a rate of 10% on trading partners, Trump tried to present this action as beneficial for international commerce.


 "The president stated, 'We are showing considerable leniency. We intend to impose charges that amount to roughly half of what they currently levy against us,'" he remarked.


 And what if nations object? “Should they protest, and wish for their tariff rates to reach zero, then they should manufacture their products right here in the United States.”


 
 China hit hard
 


 At the forefront of the tariff list President Trump displayed at the podium was China, which boasts the world’s second-largest economy. The president asserted that when including the impact of currency manipulation, the overall tariffs imposed by Beijing on American products reached as high as 67%.


 "Thus, we will apply a reduced reciprocal tariff rate of 34% on imports from China," Trump stated.


 We charge them, they charge us back, but this time with a lower fee. How could anyone object? They might still complain since we've never levied charges before. However, from now on, we'll start charging.


 Trump said China's President Xi Jinping was among several world leaders who "understand" the need for the tariffs, such as the ones he slapped on Chinese steel and other products during his first term as president.


 They all recognize that we might have to be firm with them, perhaps. However, they all acknowledge this. They’re taking advantage of us, and they know it.


 
 Way back when
 


 From 1789 to 1913, our country operated under a system supported by tariffs, during which time the United States reached its highest level of wealth relative to history," claimed Trump, who has often highlighted late-19th-century protectionist President William McKinley as one of his role models known for imposing import duties.


 "In 1913, for reasons unclear to humanity, they introduced the income tax, ensuring that citizens, not foreign nations, began contributing the funds required to operate our government," Trump stated.


 "Then in 1929 it all came to a very abrupt end with the Great Depression. And it would have never happened if they had stayed with the tariff policy," Trump said, conveniently ignoring the multiple factors -- including global economics, bank troubles, and the stock market crash -- that led to the Great Depression.


 
 No surrender
 


 In addition to highlighting tariffs on China, other Asian powers and the European Union, Trump turned his ire closer to home.


 "The United States can no longer continue with the policy of unilateral economic surrender," he said.


 "We cannot pay the deficits of Canada, Mexico and so many other countries. We used to do it. We can't do it anymore."

'Tough Love' Quotes: Trump on Tariffs in His Own Words

Unknown donald trump, economics, government, international economics, politics

President Donald Trump announced his "Freedom Day" tariffs on Wednesday, sparking global concerns about a potential trade war. During an eagerly anticipated address at the White House Rose Garden, …

Trump Slaps 10% Tariff on All Countries: New Rules Take Effect April 5

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<img data-document-id="cms/api/amp/image/AA1CbqkM" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CbqkM.jpg"/>
<div class="content count-br">
 
 
 Washington DC [
 US
 ), April 3 (ANI): After he announced the extensive
 tariffs
 worldwide,
 US
 President
 Donald Trump
 mentioned that a 10 percent duty will be applied to all nations starting from April 5th.
 
 
 Furthermore, beginning April 9, nations with significant trade deficits will be affected.
 US
 will face higher, individualised
 tariffs
 .
 
 
 In a factsheet entitled 'President Donald J. Trump Declares National Emergency to Enhance Our Competitiveness, Safeguard Our Sovereignty, and Fortify Our National and Economic Security,' The White House stated: “President Trump is utilizing his powers granted under the International Emergency Economic Powers Act of 1977 (IEEPA) to tackle the national crisis caused by an extensive and ongoing trade imbalance fueled by non-reciprocal trading practices and detrimental policies such as currency manipulation and excessive value-added taxes (VAT), which are enforced by certain nations.”
 
 
 The statement read, "Utilizing his powers under the IEEPA, President Trump plans to introduce a 10% tariff on goods from all nations. This measure will be implemented starting April 5, 2025, at 12:01 AM Eastern Daylight Time."
 
 
 The document also noted, “President Trump plans to introduce personalized elevated tariffs specifically for nations where the United States faces the most significant trade imbalances. Meanwhile, all remaining countries will keep facing the initial 10% tariff rate. These measures will commence on April 9, 2025, at 12:01 AM Eastern Daylight Time.”
 
 
 The tariffs will stay in place until President Trump decides that the threat from the trade deficit and the unfair trading practices has been addressed, settled, or reduced.
 
 
 The factsheet additionally noted, "The current IEEPA order includes modification powers, enabling President Trump to raise tariffs if trading partners respond with retaliation or reduce them."
 tariffs
 If trading partners make substantial efforts to address unequal trade practices and synchronize their policies with those of the United States regarding economic and national security issues.
 
 
 Significantly, Trump declared new import measures
 tariffs
 On Wednesday (in local time), details were provided regarding the tariffs to be applied globally, with India encountering a 26 percent duty.
 
 
 At the
 Make America Wealthy Again
 Trump stated, “When it comes to motorcycles, the U.S. imposes a mere 2.4% tariff on other nations. In contrast, countries such as Thailand apply tariffs of around 60%, India levies a rate of 70%, and Vietnam has an astonishingly high rate of 75%. Some countries go even further with their rates.”
 
 
 The
 US
 The president also stated that starting from midnight, a 25 percent tariff would be applied to all imported cars. "These extreme trade disparities have severely damaged our manufacturing sector and compromised our national security. While I do not fault those nations responsible for this disaster, I hold previous presidents and former leadership accountable as they failed to fulfill their duties..." he explained.
 
 
 The import
 tariffs
 Other significant contributors include China at 34 percent, the European Union with 20 percent, Vietnam at 46 percent, Taiwan contributing 32 percent, Japan at 24 percent, India with 26 percent, the United Kingdom accounting for 10 percent, Bangladesh at 37 percent, Pakistan at 29 percent, Sri Lanka with 44 percent, and Israel at 17 percent. (ANI)
 
 
</div>
Provided by Syndigate Media Inc. (
Syndigate.info
).

Trump Slaps 10% Tariff on All Countries: New Rules Take Effect April 5

Unknown economics, government, international economics, international trade, politics

Washington DC [ US ), April 3 (ANI): After he announced the extensive tariffs worldwide, US President Donald Trump mentioned that a 10 percent duty will be applied to …

Trump's Tariffs: 46% Could Slam Nike, American Eagle, and Wayfair in Vietnam

Unknown business, commerce, economics, international economics, international trade

<ul>
 <li>
 A new 46% tariff on Vietnam could soon raise costs for major corporations in the apparel, furniture and toy space, and some of them may hike prices for consumers.
 </li>
 <li>
 The country became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing.
 </li>
 <li>
 The duties will hit companies at a time when many consumers have become value-conscious and more selective about spending.
 </li>
</ul>
<img data-document-id="cms/api/amp/image/AA1Cb6Kb" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cb6Kb.jpg"/>

 Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China.


 For years, China's southern neighbor became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing. Now, as President
 
 Donald Trump
 
 expands
 his tariff targets
 , they can no longer avoid it.


 Trump said he will put a 46% duty on imports from Vietnam as part of a new wave of global levies announced Wednesday. That could soon raise costs for major corporations in the apparel, furniture and toy space, and some of them may pass those increases to consumers in the form of price hikes. The tariffs on Vietnam take effect on April 9.


 For over twenty years, China was the top exporter of goods to the U.S., but now Mexico holds that position.
 surpassed China
 as the top source in 2023. China is now the
 second largest supplier
 to the U.S., accounting for $438.9 billion worth of goods in 2024, according to government data from the Office of the U.S. Trade Representative.


 For companies that have looked to diversify the countries they rely on for production and reduce risks from trade conflicts with China, Vietnam has also become a popular place to go. Imports from Vietnam grew to $136.6 billion in 2024, up about 19% from 2023, according to the Office of the U.S. Trade Representative.

<img data-document-id="cms/api/amp/image/AA1Cbcdb" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cbcdb.jpg"/>

 On the other hand, imports from China rose only 2.8% from 2023 to 2024, according to government data. Imports from China dropped about 18% last year when compared to 2022, when the U.S. brought in $536.3 billion in goods from the country.


 The duties will hit companies at a time when many consumers have become
 value-conscious and selective about spending
 owing to ongoing inflation and worries about economic conditions
 
 .
 
 It remains uncertain at this point which firms will increase their prices because of the tariffs. Companies might hesitate to absorb these additional expenses, particularly since they anticipate weak consumer spending in the coming months.

<h4>
 The businesses at highest risk due to Vietnam tariffs
</h4>
<img data-document-id="cms/api/amp/image/AA1CaV7R" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CaV7R.jpg"/>

 Several well-known brands will be affected by the new Vietnamese tariffs. Nike produces roughly half of its shoes in both China and Vietnam, with approximately 25% manufactured specifically in Vietnam. According to a White House official speaking to DIwida.Blog & News, Trump plans to impose an additional 34% tariff atop the current 20% duty on goods imported from China, resulting in what would effectively be a 54% tax rate.


 The tariffs would pose an additional challenge for the major player in sneakers and athletic wear, who has already issued a letdown prediction for the present quarter. This outlook, which
 anticipates a drop in sales of more than ten percent
 During this three-month timeframe, we factored in the projected effects of tariffs imposed on goods coming from China and Mexico.


 Extended tariffs might hinder or decrease Nike's attempts to rejuvenate its brand and boost sales under its new CEO Elliott Hill, a long-time company employee who
 assumed command last autumn.


 Nike's stock fell over 6% during after-hours trading on Wednesday. Other key shoe manufacturers like Adidas have significant operations in Vietnam as well.


 The two companies did not immediately respond to DIwida.Blog & News's request for comment.


 In 2023, which provided the latest complete set of annual statistics, approximately one-third of all footwear imported into the U.S. originated from Vietnam. This information comes from the Footwear Distributors and Retailers of America, a trade organization for the sector.


 Steve Madden
 , for example, said on an earnings call in early November that it would slash its imports to the U.S. from China
 by as much as 45%
 over the next year. The footwear maker made that announcement just days after Trump's presidential victory, following his campaign trail promises to impose steep tariffs on countries like China.


 Yet one of the nations Steve Madden has accelerated its move to is Vietnam, along with Cambodia, Mexico and Brazil, CEO Edward Rosenfeld said at the time on the earnings call.


 Vietnam was the
 second largest country
 for suppliers of Ugg and Hoka parent company Deckers Brands as of this month. The company has 68 supply chain partners in Vietnam, which is surpassed only by its 125 suppliers in China. Deckers shares dropped nearly 9% in extended trading. The company did not immediately respond to a request for comment.

<img data-document-id="cms/api/amp/image/AA1CaV7S" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CaV7S.jpg"/>

 VF Corporation, which is made up of footwear, apparel and accessories brands including The North Face, Timberland, Vans and Jansport, has a heavy reliance on China and Vietnam, too. About 38% of its suppliers are in China and 17% are in Vietnam, adding up to 55% of exposure across the two countries, according to a manufacturing disclosure from December.


 The company's shares dropped more than 8% in extended trading Wednesday. VF declined to comment, citing its quiet period before its upcoming earnings report.


 The furniture industry has also ramped up its reliance on Vietnam.


 In 2023, 26.5% of U.S. furniture imports came from the country, close behind the 29% coming from China,  according to data from the Home Furnishings Association, a trade group that lobbies on behalf of home goods retailers. The group cited investment banking firm Mann, Armistead & Epperson – one of the furniture industry's top sources for data.


 Taken together, that means about 56% of U.S. furniture imports come from both regions combined.


 On an earnings call in February, Wayfair CEO Niraj Shah said the shift to countries outside of China has been "a growing trend" since Trump enacted tariffs during his first administration.


 He said places like Cambodia, Indonesia, Thailand, the Philippines and Vietnam "have grown as places where folks have factories and where our goods are coming from."


 Wayfair's stock plunged about 12% in extended trading. In a statement, Wayfair said it is "closely monitoring the evolving trade landscape." The company added it is "well-positioned to continue offering customers the best possible combination of value, assortment, and experience."


 Toymakers have also leaned on Vietnam to make more merchandise that's imported and sold to kids and adults across the U.S. Hasbro, SpinMaster, Mattel and Crayola are among the companies that work with GFT Group, one of the largest toy manufacturers in the Southeast Asia.


 In addition to long-established manufacturing facilities in China, GFT currently has five production facilities in northern Vietnam that employ over 15,000 workers.


 On a call in early March, Funko Chief Financial Officer Yves LePendeven said the company, which is known for its big-eyed plastic collectibles called Pops, was working hard to control what it could in the year ahead. That includes trying to offset tariffs by "renegotiating factory costs, accelerating our shift in production to other sourcing countries, and implementing pricing adjustments," he said.


 On the call, he said about a third of Funko's global product purchases come from China. He didn't name the countries that Funko was moving production to, but it is a customer of GFT Group.


 Those toymakers did not immediately respond to DIwida.Blog & News's requests for comment.


 Curtis McGill is the co-founder of Hey Buddy Hey Pal, a toy company that specializes in Easter egg decorating kits. He said he expects the 46% tariffs to raise toy costs in the U.S., but added companies will likely be negotiating with suppliers in Vietnam to try to mitigate those hikes.


 "A lot of manufacturers and the actual toy companies have been already having conversations with manufacturing plants having to to help in some regards, because the toy companies are getting pressure to try and maintain prices on this side from the retailers," McGill said.

<h4>
 Where do manufacturers go next?
</h4>

 For companies, including apparel makers, the new tariff policies have raised questions about whether — and where — to potentially move their manufacturing. Last month, an investor asked American Eagle Outfitters about its exposure to Vietnam on its most recent earnings call.


 Chief Financial Officer Michael Mathias said the jeans and apparel brand's production is similar in Vietnam and China, with "high-teens to 20%" of production in each of those countries. He said the company aims to trim that back to single-digits by the back half of the year.


 American Eagle shares dipped more than 5% on Wednesday. The company did not immediately respond to DIwida.Blog & News's request for comment.


 Yet both Mathias and American Eagle CEO Jay Schottenstein said on the company's last earnings call that it will be crucial to stay flexible, while waiting to see how tariffs would play out and which countries would be targeted.


 Schottenstein referred to eight years ago during the first Trump administration, when American Eagle also faced challenges and had to figure out a new plan.


 Schottenstein said there's another shift coming, but "nobody knows what the story is yet."


 "I wouldn't be rushing," he said. "You go rush, where am I rushing to? I don't know where I'm rushing to."


 Peter Baum is the chief financial officer and chief operation officer of Baum Essex, a New York-based manufacturer with licenses to make products for brands like Nautica, Betsey Johnson and Steve Madden. During the first Trump administration in 2019, Baum moved factories from from China to the Philippines, Cambodia, Vietnam and India.


 He told DIwida.Blog & Newson Wednesday that the reciprocal tariffs would do massive damage to his company.


 "This is how you start a global depression. After 80 years and five generations Trump just put us out of business," Baum said.


 — DIwida.Blog & News's
 Sarah Whitten
 Jason Gewirtz and Eamon Javers were contributors to this report.

Trump's Tariffs: 46% Could Slam Nike, American Eagle, and Wayfair in Vietnam

Unknown business, commerce, economics, international economics, international trade

A new 46% tariff on Vietnam could soon raise costs for major corporations in the apparel, furniture and toy space, and some of them may hike prices for consumers. The country became a popul…

How Will New U.S. Tariffs Affect European Wallets?

Unknown economic policy, economics, european economy, international economics, international trade

The implementation of a 20% tariff on goods from Europe might result in deflation, causing decreased price levels within Europe.


 This could result from a rise in production both from China and within the European Union.


 "One factor contributing to reduced pricing within the EU will undoubtedly be increased exports from nations such as China, whose goods are increasingly directed toward European markets," said Niclas Poitiers, a researcher at the Bruegel institute, to Euronews.


 "The second reason explaining how Europe might experience a decline in prices is that certain exports intended for the United States are now staying within the European markets," he further stated.


 Suppose you currently impose high custom duties on Italian wine; as a result, more of this wine may enter the single market, leading to lower product prices.


 Reduced prices appear to boost the purchasing power and consumption among Europeans, which could consequently foster economic growth.


 However, on the contrary, deflation can be detrimental to the economy since it prompts families to delay their buying decisions, anticipating even lower prices in the future.


 This leads to a cycle where decreasing salaries result in increasing joblessness. Thus, we might pay less for goods, yet at what cost?

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 </div>
 </div>
 </div>
</div>
<h2>
 Uncertainty ahead
</h2>

 According to Tobias Gehrke, who works as a researcher for the European Council on Foreign Relations (ECFR), the biggest threat to the economy stems from uncertainty.


 "These tariffs are across-the-board. They will impact all goods and exports moving from Europe to America, including items like machinery, chemicals, and automobiles. This could potentially impose a significant burden on these businesses," he explained to Euronews.


 The primary concern I see is the significant risk posed by this uncertainty. It might lead businesses to refrain from investing in Europe, which could result in detrimental consequences for employment and economic expansion within a period of several months or years.


 However, economists don't have a crystal ball, and there are many unknown factors that make predictions difficult.


 In particular, China's reaction and the EU's response will weigh heavily in the balance, while US President Donald Trump could also use tariffs as leverage in other negotiations.

How Will New U.S. Tariffs Affect European Wallets?

Unknown economic policy, economics, european economy, international economics, international trade

The implementation of a 20% tariff on goods from Europe might result in deflation, causing decreased price levels within Europe. This could result from a rise in production both from China and with…

CBP Collects Over $200M Daily in 'Liberation Day' Tariffs as Collections Kick In

Unknown border security, economics, government regulations, international economics, u.s. customs and border protection

<img data-document-id="cms/api/amp/video/AA1Cn2Nd" data-reference="video"/>
 
 The U.S. Customs and Border Protection (CBP) is currently amassing more than $200 million daily in additional funds due to the enforcement of extensive new tariff measures.
 President Donald Trump
 's "Liberation Day" plan.
 
 
 “During this administration, CBP has effectively carried out 13 tariff-related executive orders,” stated a CBP representative to FOX Business. “Operating at the forefront of our nation, CBP rigorously upholds all regulations and presidential instructions to protect our country’s economic autonomy.”
 
 
 Leveraging authorities granted through the Trade Expansion Act of 1962 and the International Emergency Economic Powers Act (IEEPA), the Trump administration has set its sights on products originating from numerous nations, with China being one of them.
 
 
 On April 3, the U.S. introduced a 25% tariff on all imported passenger cars and light trucks from every nation, followed by an additional 10% tariff on Saturday.
 global tariff took effect
 Under the IEEPA, CBP stated, with some exceptions.
 
 
 
 TRUMP'S CHINA TARIFS ARE FACING A LEGAL CHALLENGE FROM A CONSERVATIVE ORGANIZATION THAT DEEMS THEM 'ILLEGAL.'
 
 
 <img data-document-id="cms/api/amp/image/AA1Cb6Hi" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cb6Hi.jpg"/>
 
 Starting April 9, 86 nations will encounter new reciprocal tariffs that range between 11% and 50%, though certain exceptions apply. Additionally, as of May 2, items originating from China and Hong Kong with an individual value not exceeding $800, which are sent through channels beyond the international postal service, will lose their eligibility for exemption from duties and must instead pay regular rates, as stated by CBP.
 
 
 
 REVIEW ON THE FOX BUSINESS APPLICATION
 
 
 
 In the meantime, beginning in May, postal deliveries originating from China and Hong Kong will be subject to a duty of either 30% or $25 per item, with the higher amount being applied. This tariff will rise to $50 per item effective June 1st.
 
 
 
 THE SENATOR ATTEMPTS TO SABOTAGE THE CRUCIAL TRUMP BUDGET PROCESS BY CHALLENGING TARIFFESESQUE
 
 
 <img data-document-id="cms/api/amp/image/AA1Cb25L" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cb25L.jpg"/>
 
 CBP says it’s working closely with other agencies to roll out these changes and will keep the trade community updated through its online messaging system.
 
 
 The agency has already generated billions of dollars in revenue.
 earlier Trump executive orders
 .
 
 
 This encompasses $4.8 billion under EO 14195, which aims at
 synthetic opioids from China
 ; $861 million allocated through Executive Order 14193, designed to halt drug trafficking from Canada; more than $2 billion set aside via Executive Order 14194, tackling trade problems along the southern border; and $1 billion gathered from tariffs imposed on steel and aluminum under Section 232.
 
 <img data-document-id="cms/api/amp/image/AA1CfyS8" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CfyS8.jpg"/>
 
 The CBP is ideally situated to put into action and enforce the President's tariffs," stated the CBP representative. "We have all necessary resources and are prepared to gather the due duties.
 
 
 Tariff rates for particular items can be located in the
 Harmonized Tariff Schedule of the United States
 .
 S.
 


 
 Original article source:
 CBP is already gathering 'Liberation Day' tariffs, generating more than $200 million daily in extra income.

CBP Collects Over $200M Daily in 'Liberation Day' Tariffs as Collections Kick In

Unknown border security, economics, government regulations, international economics, u.s. customs and border protection

The U.S. Customs and Border Protection (CBP) is currently amassing more than $200 million daily in additional funds due to the enforcement of extensive new tariff measures. President Donald T…

CBP Collects Over $200M Daily in 'Liberation Day' Tariffs

Unknown border security, economics, government regulations, international economics, u.s. customs and border protection

<img data-document-id="cms/api/amp/video/AA1Cn2Nd" data-reference="video"/>
 
 The U.S. Customs and Border Protection (CBP) is currently amassing more than $200 million daily in additional funds due to the enforcement of extensive new tariff measures.
 President Donald Trump
 's "Liberation Day" plan.
 
 
 “During this administration, CBP has effectively carried out 13 tariff-related executive orders,” stated a CBP representative to FOX Business. “As the front line of defense for our country, CBP rigorously upholds all statutes and presidential instructions to protect our nation’s economic autonomy.”
 
 
 Leveraging authorities granted by the Trade Expansion Act of 1962 and the International Emergency Economic Powers Act (IEEPA), the Trump administration has set its sights on products originating from numerous nations such as China.
 
 
 On April 3rd, the U.S. implemented a 25% tariff on all imported passenger cars and light trucks from every nation, followed by an additional 10% tariff on Saturday.
 global tariff took effect
 under IEEPA, with certain exclusions, CBP said.
 
 
 
 TRUMP’S CHINA TARIFFS FACE LEGAL CHALLENGE FROM CONSERVATIVE GROUP CALLING THEM ‘UNLAWFUL'
 
 
 <img data-document-id="cms/api/amp/image/AA1Cb6Hi" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cb6Hi.jpg"/>
 
 Beginning April 9, 86 countries will face new reciprocal tariffs ranging from 11% to 50%, with some exclusions, and on May 2, products from China and Hong Kong valued at or under $800 and shipped outside the international postal system will no longer be eligible for duty-free treatment and will be subject to standard duties, according to CBP.
 
 
 
 READ ON THE FOX BUSINESS APP
 
 
 
 In the meantime, beginning in May, postal deliveries originating from China and Hong Kong will be subject to a duty of either 30% or $25 per item, with the higher amount being applied. The charge will then go up to $50 per item effective June 1st.
 
 
 
 THE SENATOR ATTEMPTS TO INTERRUPT THE CRUCIAL TRUMP BUDGET PROCESS BY QUESTIONING TARIFFESESQUE MEASURES
 
 
 <img data-document-id="cms/api/amp/image/AA1Cb25L" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cb25L.jpg"/>
 
 The CBP mentions that they are collaborating intensively with various agencies to implement these modifications and will maintain communication with the trading community via their online messaging platform.
 
 
 The agency has already generated billions of dollars.
 earlier Trump executive orders
 .
 
 
 That includes $4.8 billion under EO 14195, which targets
 synthetic opioids from China
 ; $861 million allocated through Executive Order 14193, designed to prevent drug trafficking from Canada; more than $2 billion provided via Executive Order 14194, tackling trade problems along the southern border; and $1 billion gathered from tariffs imposed on steel and aluminum under Section 232.
 
 <img data-document-id="cms/api/amp/image/AA1CfyS8" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CfyS8.jpg"/>
 
 The CBP is ideally situated to carry out and enforce the President's tariffs," stated the CBP spokesperson. "We have all necessary resources and are prepared to gather the due duties.
 
 
 Tariff rates for particular items can be located in the
 Harmonized Tariff Schedule of the United States
 .
 S.
 


 
 Original article source:
 CBP is already gathering 'Liberation Day' duties, generating more than $200 million daily in extra income.

CBP Collects Over $200M Daily in 'Liberation Day' Tariffs

Unknown border security, economics, government regulations, international economics, u.s. customs and border protection

The U.S. Customs and Border Protection (CBP) is currently amassing more than $200 million daily in additional funds due to the enforcement of extensive new tariff measures. President Donald T…

Is Mnangagwa's Tariff Concession a Risky Bet to Please Trump at Zimbabwe's Expense?

Unknown commerce, economics, international economics, international trade, politics

<img data-document-id="cms/api/amp/image/AA1yZ7mV" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1yZ7mV.jpg"/>
<div>
 
 Tendai Ruben Mbofana
 
</div>

 President Emmerson Mnangagwa’s latest decision to suspend all tariffs on United States goods, announced in response to new U.S. tariffs on Zimbabwean exports, is both baffling and dangerous.


 While President Donald Trump has declared a global tariff war under the guise of “reciprocity,” Zimbabwe’s reaction defies not only economic logic but also political common sense.


 It exposes, with striking clarity, a leadership more interested in appeasing foreign powers—particularly one led by a controversial and isolationist figure like Trump—than defending the interests of its own citizens.


 The global community has not taken Trump’s protectionist measures lying down.


 
 To directly receive articles from Tendai Ruben Mbofana, please join his WhatsApp Channel on:
 
 
 https://whatsapp.com/channel/0029VaqprWCIyPtRnKpkHe08
 


 Powerful economies such as China, Canada, and the European Union have responded with retaliatory tariffs, meant to safeguard their economies and send a clear diplomatic message.


 China, for instance, swiftly hiked its tariffs on U.S. imports to 34%, while Canada’s Prime Minister announced protective countermeasures that would shield Canadian industries and workers.


 These countries understand that international trade is a game of leverage.


 When one party weaponizes trade to the detriment of another, the only rational response is to push back—not surrender.


 Zimbabwe, on the other hand, has opted to do the complete opposite.


 Mnangagwa has not only refrained from reciprocating with similar trade restrictions but has thrown open the floodgates by scrapping all tariffs on U.S. imports entirely.


 This decision has been dressed in diplomatic language about “fostering mutual cooperation” and “constructive engagement,” yet its implications are economically catastrophic and politically submissive.


 Let’s begin with the economic aspect.


 Although tariffs can be misused, they serve as an essential mechanism for developing nations to shield emerging sectors from domination by powerful external competitors.


 Despite its frail and nascent economic structure, Zimbabwe depends significantly on these tariffs to support local industries, create governmental income, and uphold a certain level of trading equilibrium.


 Removing tariffs on American products will make domestic producers even more susceptible than they currently are.


 They are expected to compete, without any protection, against highly mechanized and subsidized U.S. producers whose scale of operation allows them to flood markets with cheap goods.


 This is not competition—it is annihilation.


 Zimbabwe’s already weakened industrial sector, operating in an environment riddled with power outages, limited access to finance, and poor infrastructure, will be unable to withstand the influx of cheaper U.S. alternatives.


 The consequences will be swift and severe: further factory closures, job losses, increased unemployment, and the complete erosion of domestic productive capacity.


 This action only speeds up Zimbabwe's process of de-industrialization.


 From a strictly financial perspective, Mnangagwa’s choice makes no sense.


 Customs duties form a substantial part of Zimbabwe’s revenue collection, particularly because the government struggles to track income from various taxes imposed on citizens, leading to losses caused by leaks, corruption, and poor management.


 By eliminating tariffs on American products, the administration is deliberately giving up crucial revenue.


 At this moment, when hospitals are short of essential medications, educators and healthcare providers receive inadequate compensation, and the nation finds it challenging to finance public services.


 Not only is this approach economically unsound, but it is also fiscally reckless.


 However, there is a more sinister aspect to this choice, revealing the genuine intentions driving this extraordinary benevolence towards Washington.


 There is no denying that the relationship between Zimbabwe and the United States has remained cold for many years, especially starting from the early 2000s when Washington introduced specific sanctions against high-ranking Zimbabweans.


 In 2024, President Mnangagwa, along with his spouse Auxillia and several of their associates, faced sanctions under the Global Magnitsky Act due to allegations involving human rights violations and significant corruption.


 Consequently, the U.S. seized their American-based monetary holdings, enforced restrictions on their movements, and barred Americans from participating in dealings with them.


 In this scenario, Mnangagwa’s unexpected advance starts to appear logical—not as part of a broader national policy, but rather as an individual appeal for mercy.


 By providing Trump with duty-free access to Zimbabwe’s market, the country’s president seems to be pursuing a pragmatic arrangement: an economic concession in hopes of securing political reinstatement.


 It appears he is counting on the U.S. to see his "show of good faith" as sufficient grounds for reconsidering or loosening the current sanctions policy.


 This isn't diplomacy—it's abasement.


 Moreover, this behavior is degrading at the cost of the Zimbabwean people.


 This isn't the first instance where Zimbabwe's leaders have prioritized appeasing foreign entities for their own gain over serving the public interest.


 During the late Mugabe era, similar concessions were made—whether in the form of unsustainable deals with the Chinese or desperate appeals to Western governments for reengagement, while ordinary citizens bore the brunt of economic mismanagement.


 Mnangagwa’s move mirrors that same pattern of elite self-preservation disguised as “engagement.”


 And yet, there is no indication that this act of appeasement will yield any tangible results.


 Donald Trump’s tariff strategy is not about engagement or reward.


 This stems from a simplistic nationalist economic strategy aimed at bolstering American manufacturing, decreasing trade imbalances, and solidifying his political support.


 Nations that have traditionally depended on American goodwill have discovered they were penalized rather than rewarded.


 Mnangagwa is clinging to an illusion: that his allegiance will win him favor.


 Actually, it is far more probable to be overlooked—or even perceived as a vulnerability ready to exploit.


 The true sorrow lies in the fact that Zimbabweans will bear the brunt of their leaders' pursuit of individual atonement.


 By eliminating all tariffs on American products, Mnangagwa has granted U.S. businesses unrestricted entry into Zimbabwe’s market without any protections, tax obligations, or corresponding trade advantages for Zimbabwean exports.


 This is not a "win-win" trade deal.


 It is economic exploitation masked as benevolence.


 The United States has much to gain—including increased market presence, new avenues for exports, and enhanced geopolitical influence—whereas Zimbabwe would only accrue more debt, foster greater dependence, and sink deeper into poverty.


 We must inquire: Was there any consultation with Parliament, local industries, or trade unions prior to announcing such a significant change in policy?


 Where can we find the economic impact assessment?


 Where is the transparency?


 The choice was made independently and shared via social media platforms without much consideration of the outcomes.


 This is not how trade policy should be conducted in a sovereign republic.


 Mnangagwa’s announcement marks a shameful moment in Zimbabwe’s post-independence history—a moment when a leader chose appeasement over principle, submission over strategy, and personal interest over national survival.


 It sends a chilling message to Zimbabweans and the world: that their government is willing to sacrifice economic sovereignty on the altar of political expediency.


 In the end, the real losers in this political game are the people of Zimbabwe.


 The employees set to lose their positions due to overseas competition, the business owners who will struggle against inexpensive imported goods, and the everyday people who will face higher costs as the nation loses income and sinks further into economic misery.


 Mnangagwa might think he is engaging in high-level diplomacy like a skilled chess player on the global stage, but in reality, he has simply surrendered control of the game.

<ul>
 <li>
 
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Is Mnangagwa's Tariff Concession a Risky Bet to Please Trump at Zimbabwe's Expense?

Unknown commerce, economics, international economics, international trade, politics

Tendai Ruben Mbofana President Emmerson Mnangagwa’s latest decision to suspend all tariffs on United States goods, announced in response to new U.S. tariffs on Zimbabwean exports, is both baff…

Are US Tariffs Sparking a Manufacturing Renaissance in Canada?

Unknown business, commerce, economics, international economics, manufacturing

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 Made in Canada.


 Three terms that have become frequently seen on Canadian store shelves since Donald Trump’s tariffs initiated a trade dispute with the U.S.'s neighbor to the north.


 In Canada, economic actions taken against it have sparked a surge of patriotic sentiment. Some consumers and business owners are choosing to boycott American goods as part of this response.


 Other companies operating in the US must decide whether to endure the current uncertainties or relocate their businesses domestically.


 "At present, I feel somewhat irritated. I am not inclined to put money into U.S. firms," states Joanna Goodman, who owns Au Lit Fine Linens, aToronto-based business dealing with bedding and nightwear.


 "It’s like putting all your eggs in one basket. Currently, this basket is both dangerously careless and unstable," she goes on to say.


 During a tour of one of her company’s two locations within a large warehouse, Ms. Goodman points out meticulously decorated beds, mannequins wearing luxurious silk pajamas, and rows of fragrant candles — nearly all produced in Canada.


 However, one-fifth of the inventory at present originates from the US. Ms. Goodman promptly emphasizes, “observe the size of the store; thus, even 20 percent constitutes a significant amount.”


 "She mentions that she has an extensive stock of American brands that she’s been associated with for two decades and isn’t planning to discard them." She adds, “The real query is whether I’ll place another order.”


 To demonstrate Au Lit Fine Linens' dedication to Canadian manufacturers, their stores now prominently feature products that are manufactured in Canada. This emphasis is also reflected on their website with a dedicated “shop all made in Canada” section and includes the phrase “made right here at home.”


 Amidst Houthi assaults in the Red Sea and the conflict in Ukraine, recent global occurrences have led to an emerging trend known as reshoring.


 Repatriating business processes to domestic territories marks the opposite of offshoring.


 Business leader and
 recently-appointed
 The newly appointed Canadian Senator, Sandra Pupatello, states that bringing jobs back to Canada is "clearly necessary" for providing support.


 Pupatello, who formerly served as Ontario's Minister of Economic Development and Trade, highlights the Covid-19 pandemic, during which norms of trade were essentially discarded.


 She particularly mentions the instance of US-based mask maker 3M facing pressure from the White House in 2020.
 to stop shipments to Canada
 and Latin America.


 At that instant, Pupatello pondered, “We must brace ourselves for the worst.”


 Soon afterward, she founded Reshoring Canada, a nonpartisan organization that pushes for a stronger and more reliable supply chain within Canada.


 Pupatello states: "If things get difficult, Canada will be on its own. Knowing this, let’s prepare accordingly."

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 A governmental document released by Canada in the previous year revealed that there had
 There haven't been indications of significant or even considerable increased reshoring by companies.
 However, circumstances might be shifting now.


 Since founding his company Rainhouse Manufacturing Canada in 2001, Ray Brougham has been attempting to break into the Canadian automotive production market. The business, located in British Columbia, produces components for various sectors.


 The automotive sector in North America has interconnected supply chains allowing components to traverse the boundaries between the U.S., Mexico, and Canada numerous times prior to a car being fully assembled.


 President Donald Trump stated that he would momentarily exempt U.S. automakers from the newly implemented 25% import duty on goods coming from Canada and Mexico, only one day following the announcement of these tariffs in March.


 However, under the threat of a trade war, Mr. Brougham mentions that he has established "positive communication" with a major Canadian automotive parts firm for the very first time. “Out of nowhere, they have shown interest in collaborating more closely with other Canadian businesses.”


 For Mr. Brougham and others, the advantages of bringing manufacturing back home are evident. This shift can provide support for smaller firms that have found it hard to match the prices set by foreign producers, guarantee more equitable paychecks, and reduce the environmental impact associated with lower levels of import and export activities.


 Other individuals, such as Graham Markham who leads a food industry supplier, think this initiative revolves around enhancing the worth of goods that Canada is already manufacturing.


 His company, New Protein International based in Canada, is presently building Canada's inaugural soy protein production facility in southwestern Ontario, only a few miles away from the U.S. border.


 Canada is the world's
 fourth-largest exporter
 Of this harvest, however, much of it undergoes processing abroad.


 Mr. Markham states, "We do not transform those value-added ingredients into even more valuable components within our own country."


 From crucial minerals and uranium to timber and soybeans, he contends that now is the time for transformation.


 For many years, Canada has excelled as a major provider of natural resources globally. The current challenge lies in retaining domestic job growth and fostering innovation through local processing of these materials instead of just exporting them.

<img data-document-id="cms/api/amp/image/AA1B2NQ3" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1B2NQ3.jpg"/>

 Therefore, can manufacturing begin returning to Canada? According to economist Randall Bartlett, it’s still too soon to determine.


 "Much of what we see regarding the actual restructuring and domestic relocation of supply chains appears exaggerated," states Mr. Bartlett, who serves as the senior director for Canadian economics at Quebec’s Desjardins Group.


 I believe we have seen some progress towards reshoring, however, the amount of discussion about it seems much greater than the actual restoration of manufacturing capabilities.


 There are significant obstacles as well.


 For instance, the deeply integrated automotive industry would take many years to disentangle. According to Mr. Bartlett, reshoring this industry would necessitate "a massive investment totaling tens of hundreds of billions of dollars from both private and public sectors" to become feasible.


 Next comes the truth about international commerce.


 Mr. Bartlett suggests that since certain nations excel at manufacturing specific goods compared to others, Canada should consider broadening its range of trading partners instead of fully embracing reshoring initiatives.


 He argues that Canada ought to concentrate on "sectors wherein we possess a competitive edge," mentioning specifically the realms of renewable energy as well as the refining of steel and aluminum. It’s worth noting that these particular metals—steel and aluminum—are currently subject to a 25% tariff when sent for export to the U.S.


 At Au Lit Fine Linens in Toronto, when Joanna Goodman enters the large storage area, she hears cardboard boxes being sealed up.


 She clarifies that we’re processing shipments to the US from before the tariff implementation," she says, then hesitates. "However, we did receive an order exactly on the day the tariffs went into effect, and it happened to be quite a substantial one.


 She mentions that she isn't sure if the American purchaser realizes that tariffs will now be applicable. "He needs to inquire of Mr. Trump about this."


 As for what comes next? "These tariffs could be gone any day. Let's see how it all unfolds, then we'll start making decisions," says Ms Goodman.


 Similar to numerous Canadian enterprises, she's opting to wait until the situation stabilizes before determining where to purchase from, where to distribute products, and what "Made in Canada" signifies for upcoming ventures.

<ul>
 <li>
 Who is Doug Ford, the Canadian leader opposing Trump?
 </li>
 <li>
 Carney willing to discuss trade with Trump provided there's respect for sovereignty
 </li>
 <li>
 What exactly are tariffs, and what’s the reason behind Trump employing them?
 </li>
 <li>
 As President Trump's tariffs come into play, Canadians increasingly opt for locally produced items.
 </li>
</ul>

Are US Tariffs Sparking a Manufacturing Renaissance in Canada?

Unknown business, commerce, economics, international economics, manufacturing

Made in Canada. Three terms that have become frequently seen on Canadian store shelves since Donald Trump’s tariffs initiated a trade dispute with the U.S.'s neighbor to the north. In Canada, econ…