An amazed world has the economic benefits of Trump prices

Taiwan laptop, Italian wine, frozen shrimp from India, Nike Vietnam sneakers and Irish butter.

These products are in the houses of the United States, testifying to the lasting role of America as free trade champion and its position as the most lucrative market of goods around the world.

They are now among the vast categories of goods subject to additional taxes after President Trump, Wednesday, imposed universal prices on all American trade partners as well as additional and heavier functions on 60 countries which he considered as the “worst offenders” of unfair business practices.

In a net distance from the commercial policy, Trump provided a basic line of 10% on all goods imported into the United States. In addition, other nations will be billed a so -called reciprocal rate at an even higher rate next week.

For the European Union and China, the two largest American trade partners, the White House imposed prices of 20% and 34%. The additional sample on China will be added at a tariff of 20% previously imposed by Mr. Trump.

Even close allies such as Japan and South Korea have not been spared. Nor countries like Australia and Brazil that buy more in America than they sell to it.