Donald Trumps announces the price: what are the prices, how they work and their impact on businesses and prices

President Donald Trump announced a complete pricing plan on Wednesday April 2, targeting billions of dollars in imported goods. In his speech of the Liberation Day, US President Donald Trump said that it would stimulate national manufacturing, jobs, industries and would generate billions of federal income.

In a major setback for Indian and others, Donald Trump has said that the United States would preserve 25% price on all foreign cars at midnight.

Reciprocal prices on India, China, other nations

President Donald Trump announced 26% of reciprocal prices on India, 34% on China, 20% on the EU and 24% on Japan.

Trump called Indian Prime Minister Narendra Modi as his friend in his speech, but said the prices imposed very, very difficult.

Read also | Adald Trump's price announcement: 10 key key points of the American president Speechhuge tax cuts to come

US President Donald Trump said: We will now spend the biggest tax reductions in American history.

Understand the prices

Prices are taxes imposed by a government on imported goods. These costs are paid by American companies when they bring products to the country. The revenues collected go to the US Treasury, making prices a source of government income. The price amount is calculated as a percentage of the declared value of imported goods before entering the United States.

For example, if an American retailer imports China sneakers, he must pay a customs rate and border protection before shoes can be sold in American stores. Likewise, manufacturers rely on imported parts or materials must pay prices before they can use them in production. These additional costs can then affect businesses and consumers.

Trump justification for prices

President Donald Trump has cited several reasons to impose prices: he used prices as a tool for:

Trump's unfairly combat business practices claim that prices are counteracting foreign nations that impose their own prices on American goods.

Reorganize interior manufacturing by making foreign products more expensive, prices could encourage companies to produce more in the United States.

Generating income from the Trump government has suggested that prices could replace income tax as a major source of funding for the federal government.

Responding to foreign policy problems at the start of his presidency, Trump linked prices to Canada, Mexico and China to their treatment of fentanyl exports.

Take advantage of the negotiations, he used prices as a negotiation currency, threatening other nations with higher prices to guarantee commercial or political concessions.

How prices affect companies

The prices increase the cost of importing goods, which affects companies differently depending on their industry and their dependence on foreign materials. Some key effects include:

The higher production costs of many American companies are based on raw materials and imported components. The prices make these inputs more expensive, resulting in an increase in overall costs.

Reduced investments if companies absorb pricing costs instead of transmitting them to consumers, they may have less capital for the expansion, research or hiring of new employees.

The automation of jobs while prices aim to reduce manufacturing to the United States, modern factories use automation, which means that the creation of jobs could be limited compared to past industrial booms.

The expensive national manufacturing of products in the United States involves higher labor and regulatory costs, which makes it more expensive than offshore production despite prices.

Read also | Trump everyone to announce the rates of the Liberation Day: where to look, the time and the more onhow prices affect consumer prices

The impact of consumer prices prices depends on how companies react:

Increase in the price of many companies transmit higher costs on consumers, which leads to more expensive products, everyday items such as shoes with larger shopping such as cars.

Absorption of companies' costs some companies choose not to increase prices, but this can reduce their profitability and their ability to develop, which potentially leads to layoffs.

Change of market consumers can go to alternative products, while companies can source from countries not subject to prices.

Read also | What are the Donald Trumps Day Day prices? Everything you need to know

Attend all the news of the company, the events of the news and the latest news updates on Live Mint. Download the application of new Mints to obtain daily updates of the market.

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