Last and fierce series US charges Those who enacted Wednesday are included in other activities of the Business War carried out Trump, They can make it difficult for them to stay over the situation. Here is the summary of what you need to know.
What fees were in effect on Wednesday?
Trump was baptized as part of his “Mutual” trade project as ‘Liberation Day’. In one speech, other countries are “defrauded” he said At least 10%According to him, it will impose higher rates to countries that have business surplus with the United States.
Basis 10% have already come into effect on Saturday 5th April. When the clock marked at midnight, high tax rates entered the imports of dozens of countries and territories. The highest taxes reach up to 50%, and the African Kingdom applies to the highest type of small economies that trade with the United States, such as Lesoto. Other Types from Madagascar 47%for imports, 46%for Vietnam, 32%for Taiwan, 25%for South Korea, 24%for Japan and 24% 20% . Union.
Economists warn that taxes are They will raise prices Consumers buy every day, especially since these new fees are based on some of the previous business activities. Trump announced a 34% fee for China last week, for example, it will be added to the 20% tax imposed on the country earlier this year. Next, Trump added another 50% tax to Chinese products in response to Beijing recently promised. By this, the Total against China 104%.
White House Press Secretary, Caroline LeviteAt an information session on Tuesday, he said that Trump did not consider an extension or delay for the next fee increase.
Do you get more fees?
As part of the wave of the opposite action, China He has said that he will impose his own fee 34% To all US products (matches Trump’s rate) Since Thursday.
Trump rushed to criticize China’s size, but Beijing Has maintained it ”Will fight until the end“The China Ministry of Commerce on Tuesday described Trump’s threat to climbing fees as” another error. ” “
The Commerce Not new between the US and China. In addition to the fees imposed during Trump’s first decree, the two countries exchanged a series of eye maneuvers in recent months, many of which were preserved or added under the decree of former president Joe Biden.
Although China has so far embraced the difficult approach, many countries have pointed out that they are evaluating their own answers to Trump’s lines. In the future we will find more revenge but some have pointed it up They believe that they will negotiate. Ursula van der Lain, Chairman of the European Commission Mutual reduction of feesAlthough he warned it The opposite activities are still an option.
Trump can impose more fees Products specified. The President has previously threatened to import products such as copper, wood and pharmaceutical products from Trump’s “mutual” taxes.
During a speech on Tuesday night, Trump boasted proud to offer “last -minute messages” before he promised: “Very soon, we will announce an important fee Drug products“In the same statements, the president regrets that the US is no longer producing many pharmaceutical products that their citizens take, and that the new charges will change it. Drug production To the United States.
What else is the import tax already?
A few charges are already in effect, including 10% Trump Universal Tax What Came into effect on Saturday. Prior to that public tax, Trump introduced other round fees targeting specific countries and products. His charges 25% About Automobile import They started Last ThursdayTaxes for imported cars. In the coming weeks, from May 3, these lines will be extended Cars Applies.
Canada Responded with a line on Tuesday 25% About imports Cars Comes from America It does not complete the contract Between 2020 between Mexico, the United States and Canada (T-Mac). This Wednesday was planned to be implemented on the same day as the highest Trump fees.
Trump’s extended fees Steel and aluminum They came into effect in March. Trump’s order came into effect on March 12 to eliminate the exclusion of steel and increase aluminum from imports previously imposed in 2018.
Beyond coming to China, Trump signed with Mexico and Canada, which was saved from the highest rates of last week. Trump imposed 25% fees for goods from both countries (then somewhat suspended). Meanwhile, compliance products D-the The White House said they could continue to enter the United States without taxes.
AdvertisementOther imports are taxed by 25%, as well as a low 10% fee of potassa and Canadian energy products. Once the two countries are satisfied Demand About Trump Immigration and drug traffickingWhite House said the fee on imports that do not meet T-Make Decrease from 25% to 12%.
