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ECBLel -Chanbel’s Board of Directors (ECB) said on Wednesday that the fragmentation of trade is structurally harmful to economic growth and inflation, for every Reuters.
Commenting on the definitions during an interview on the Newstalk radio in Ireland earlier in the day, “it will be negative around the world, and the density and durability will differ to influence depending on the scale, on the targeted products, on the time it takes, whether there are negotiations or not,” will vary on the scale depending on the target products, on the period that takes it, whether there are negotiations or not, ” European Central Bank President Christine Lagarde He said.
“There is a lot of excitement about investing in the United States at the present time, stopping and keeping so that there is more certainty,” Lagarde added.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
