Liberation Day: A look at Trump's rates timeline and how it will affect the US economy, consumers' pocket

Donald Trump’s Liberation Day is finally here, after months of warnings and concerns about another round of the announcement of the rates. Last year liberation day Liberation Day: Trump’s presidential campaign focused a lot on trade and rates, which are central to its plans to increase the US economy. (AP) in the wake of what is expected to be the largest unilateral increase in rates, as the Cuban embargo of the 1950s, some nations rushed to sign the last minute, while others are looking for the adjustments. Last year, Trump’s presidential campaign focused on trade and rates, which are central to its plans to increase the US economy. In addition, Trump administration has made dramatic statements during rallies and speeches representing the blanket rates of up to 60% on US competitors such as China, and the recent announcements mostly concentrated on “reciprocal” rates. Liberation Day: A quick look at Trump’s rates timeline Trump announced rates on Canada and Mexico on February 1: Trump charged a 25% tariff on almost all Canadian and Mexican imports in a series of executive guidelines on February 4. The 10 percent rate was charged on Canadian energy and oil, Chinese imports had the same rates under the same set of orders. Trump postponed rates on February 3 after threats: The Trump administration negotiated an extension of one month with the leaders of Canada and Mexico, just a day before the 25% tariff would come into effect, to their threats to draw up high retaliation rates on US exports. Rates between Canada and Mexico came into effect on March 4: The US rates against Canada and Mexico came into effect a month after the rates were scheduled to begin. In addition, the US has doubled the blanket tariffs on Chinese goods from 10% to 20%. Trump again delayed a few rates on March 6: Shortly after the US Canada Mexico rates came into effect, the US postponed taxes at about half of the goods listed by the USMCA Free Trade Agreement, with another few weeks. The entire set of rates is now expected to come into effect on April 2. Trump announced April on April 2 as a liberation day: the majority of rates are expected to come into effect on all sectors and regions of the world today. Motor rates on April 3: On April 3, planned rates targeting passenger vehicles and trucks from any country – considered up to 25% – will come into effect. Rates on auto parts: An executive order that charged the car tariffs states that a 25% auto parts tariff will come into effect before May 3. Liberation Day: How Trump tariff will affect the US economy and the bags of consumers, although it is unknown which countries will be affected and to what extent, reports indicate that the Trump administration of up to 25% can impose on the largest trading partners of the United States, including Japan, Taiwan, Vietnam, Germany, Ireland and Italy. Rates aim to encourage domestic production and consumption by charging taxes on imported goods. However, consumers, not foreign governments, usually bear the cost of cost boom. According to experts, many voters, who claim to have supported Trump, are concerned that Trump’s broad rates on commodities from other countries could cause price increases and inflation. Fruits, vegetables, cars, electronics, crude oil, sugar, meat toys and more may become more expensive in the coming months due to Trump’s proposed broad rates on ‘All countries’, which will come into effect on April 2. All cars, including US models, are likely to cost between $ 4,000 and $ 15,000 each due to Trump’s auto tariffs. Trump addressed the media on January 31, saying he intended to impose a duty on pharmaceutical products, but he refused to give more details about his plans. Imports of the necessary pharmaceutical products from China cost the US more than $ 2 billion. In addition, Mexico, Canada, the United Kingdom and India are a significant amount of US pharmaceutical imports. Americans wear a lot of clothing imported from other countries. Vietnam has almost inundated China as the largest exporter of America and is almost 17% of all US imports. If Trump’s tariff plan is implemented worldwide, it could significantly affect the cost of clothing in Asian countries. According to Just Style, Steve Lamar, president of the American Apparel & Footwear Association, said tariffs could disrupt the appeal industry and affect the millions of jobs it supported, according to the UK Independent. China’s third largest export to the United States due to lower manufacturing costs abroad, toys, games and sports goods. “There is no manufacturing base for toys in the US,” Basic Fun CEO, the company that makes Fischer-Price and Care Bears, told the New York Post, despite the fact that the purpose of rates is to encourage domestic manufacturing.