US President Donald Trump announced the new customs duties called “Liberation Day Tariff”. This step, which has gone to the increase in customs duties to many Asian countries, especially China, has survived the global financial markets. Evaluating the effects of the tax increase. Dr. Sefer Şener, “US President Trump’s customs duties brought to the hikes of China, the European Union countries, India, the United States has applied very serious customs duties,” he said.
Danger of recession
US President Donald Trump’s customs duties step will affect the global finance and trade markets evaluating. Dr Sefer Şener made the following statements: “It can adversely affect global trade. This increase increases prices all over the world; It can also bring an increase in global inflation. We can also see the slowdown of the growth rates of the countries. Countries will be recession. “
Price increases, growth decreases
Prof. Dr. Professor. Dr. Şener gave the following information: “The increase in customs duties can lead to a price increase of 10 to 60 percent in global global diameter. But at the same time, the growth of countries can raise a situation that will lead to half or one point. I think it can be reached for old dimensions after two or three years. In other words, the growth rates that will rise up in two or three years will also go down.. “
It will be in favor of the USA
“On the other hand, the increase in customs duties in the short and medium term in favor of the United States,” he said. Dr. Sener, said: “Because after these increases, many technology companies in the United States will start to attract the production of the United States. This will be in favor of the United States. The only thing against the United States in this increase decisions is the increase in the prices of products with the whole world.. However, this situation will not be seen as a very serious loss as investments will turn to the USA in many areas. “
Türkiye also advantageous
“For Türkiye, just like in other countries, it is necessary to wait for the prices to go up. However, since only a 10 percent increase in Türkiye, it was an advantageous position compared to its competitors. This can especially direct foreign investments to Türkiye. The increase in global prices will affect the world, but we are less affected. “
There is a message to Taiwan
International Relations Specialist Dr. Kamak Kasim said that Trump will try the impact of tax increases for a while: “We see that there are taxes placed with the principle of reciprocity. The countries will be applied to the United States as much as half of the tax they put in the US. Only 25 percent of the car will be applied. Trump says it will lead consumers to US goods in the medium and long term. Türkiye, 10 percent of us applied to us increased by 10 percent. May cause inflationary effect inside. Consumers may not be satisfied. If the trade balance is broken, they may go to alternatives. Taiwan also applied a high increase. But the purpose is not to crush it. Taiwan chip manufacturers ‘bride production in the US, get rid of tax’ message gives the message. “
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