Officially, Trump announces the lifting of customs duties in America

US President Donald Trump imposed new customs duties, stressing that America has been “looting for decades by friendly countries”, and that “the American dream has been stolen over the past years.”

“It is time to prosper again, and customs duties will make America great,” Trump said.

He added that the customs definitions will impose 25% on all cars made abroad, stressing that who “imposes customs duties on us, we will impose similar fees.”

Trump indicated that the European Union imposes on the United States high customs duties, and that many American companies are prevented from entering other markets, which negatively affects the American economy.

In this context, he announced that he would sign an executive order to impose anti -customs duties to protect American factories and jobs, expecting that “prices will decrease in front of consumers” as a result of these steps.

The US President emphasized that these policies will return jobs and factories to the United States, and contribute to the revival of the golden age of America with great strength.

He pointed out that “customs definitions will make America great again.”

He announced that “customs duties will affect China,” considering that “the European Union exposes us to great damage, as it sends us cars and does not import from us.”

He added: “We provide commercial support to many countries, including Mexico, with a value of $ 300 billion annually and Canada, at about 200 billion.”

Economic developments after Trump on the new fees

After Trump from the new fees, the shares of Tesla increased by 3.4%, and US oil crude by 1%.

As for gold, it has maintained its gains.

The dollar fell by 1% against the euro.