Victory Vibes | Inspiring Stories of Triumph and Resilience

Trump announces new US charges on Mexican … Beer

United States President Donald Trump did not announce “mutual fees” in importing from Mexico on Wednesday, but a 25% fee on Mexican registered beer is due to come into effect on Friday.

During a speech in the White House rose garden, Trump presented A chart It outlines “mutual fees” on imports from the long list of countries, but Mexico is not among them.

In the truth paper “Mutual Fee” Administration Order The US president signed on Wednesday that Mexico and Canada “were not affected by this order,” the White House said.

The White House said, “This means that the USMCA-specific products will continue to be 0%, and the USMCA will see a 25% fee, and the USCA will see a non-USC and 10% fee,” the White House said.

“If the Iva (International Emergency Economic Power Act) orders are stopped in the existing Fendan/Migration IVA, the USMCA-modern products will continue to receive priority, while the USCA non-compliant products are subject to 12% of the mutual fee,” the fact.

March 6, Trump announced Importing from Mexico closed by the USMCA free trade agreement will not be subject to US fees at least until early April. The White House claimed that two days ago, he imposed a 25% fee for all imports from Mexico and Canada, as the two countries failed to take adequate action against the “advent of dangerous drugs” for the United States.

Toll-free trade of USMCA-specific goods continues for now, 25% of fees on Mexican steel and aluminumThere are hundreds of products made with those metals. Those fees are also applied to the US imported steel and aluminum from all other countries.

Wednesday, The US Trade Department announced an expansion of those charges Add “two extra aluminum descendants: beer and plain aluminum cans”.

Since the beer is not an “aluminum descendant”, it seemed that only the canned beer – beer and its purchase – will be affected by 25% fee. The CNBC Department of Commerce’s announcement explained that.

However, Reuters description The fee applies to “all beer imports”.

The US charge on Mexican steel and aluminum is practiced, with a small expansion – and Mexican beer to add beer cans made with Mexican aluminum. (Shutterstag)

Mexico is the largest beer exporter to the United States, according to the US census bureau stated by Reuters quoted by Reuters that it sends its northern neighbors worth US $ 6.3 billion last year. 25% fee – this Friday is planned to come into effect – the Mexican Beer United States may have less competition in the market. Modelo Eshesel is the best selling beer.

Auto charges will come into effect on Thursday

In his speech, Trump confirmed that the vehicle charges he announced last week would come into effect on Thursday.

US President announced last Wednesday He will impose a 25% fee for “all cars that are not done in the United States”.

However, US content in Mexico’s assembled vehicles will be exempted from duty and will reduce the useful fee on vehicles made in Mexico.

Killermo Rosals, president of the Mexican Vehicle Distributors Association, said that a vehicle manufactured to the US in Mexico had an average of 40% of the US content. The useful fee of a vehicle with a US content of 40% in Mexico will be 15%.

The United States also applies to 25% of the fees and some auto accessories imported, but the White House said last week, “Until USMCA-implementation automobile parts, the US Customs and Border Protection (CPP) will be consolidated until they are installing a process for using fees for their non-US content.

It is not clear how soon the process will be installed.

Most USMCA-cuisine products made in Mexico are often charged on Wednesday’s announcements by the Trump administration, but US vehicles manufactured in Mexico will be charged on their non-American content as expected. (X)

3 trips to Mexico from the US government’s Wednesday announcements

  • The White House’s true sheet points out that if the Mexican government is able to satisfy the Trump administration by the Mexican government to take adequate measures to prevent the flow of migrants and the Fentonyl US, the fees for non -USCA imports from Mexico can be reduced to 13 percent. In that case, Trump must now stop Iva orders that apply to Mexican products.
  • President Claudia Shinebam is right. In many cases, he expressed his confidence that he would avoid mutual fees on export to the United States because Mexico would not charge for most imports from the United States
  • The USMCA still means something. While Trump has imposed fees for some imports from Mexico and Canada, the three -way trade agreement is still protecting the neighbors of the United States.

Shinbam to respond to US charges Thursday

At the press conference in his Wednesday morning, Sheinbam said he would announce a number of steps to strengthen the Mexican economy on Thursday.

“The plan we are going to present tomorrow is not just the US charges, and this is a comprehensive plan to strengthen the Mexican economy,” he said.

Mexico can announce some imports from the US to respond to the duties imposed on Mexican products, although Shinbam has said that his government will not take an eye for an eye. Mexico may target some products such as US bacon and bourbon, As it did when Trump imposed fees on Mexican steel and aluminum in 2018.

As the Mexican industry is trying to protect and strengthen the industry, the Shinbam administration can impose new or additional fees for other countries such as China and other Asian countries.

The President said on Wednesday that Mexico “imported a lot of vehicles, especially from Asia as” a problem “.

He said that most of the vehicles purchased in Mexico are trying to raise domestic vehicle production to be manufactured in Mexico.

Instead of spending a press conference on Wednesday morning when US rates on Mexico appear, President Claudia Shinbam refers to focusing on increasing Mexico’s domestic production. (Mario Jaso/Quartosoro)

Shinbam pointed out in February Additional charges for importing from China are a possible one. If the Mexican government is to impose additional charges for Chinese products such as vehicles, it may go in some ways to convince Trump, who accused Mexico of being a transition center from the Chinese products imposed on the United States.

Trump may consider a little relief to Mexico from the fees that some of its products are currently facing when exported to the US.

Beso gets an incentive

Mexican Beso reduced the US dollar to about 20.50 before Trump’s “mutual fees” for Mexico city time at 2 pm, but it was strengthened in the late day.

USD: Mexico city time at 7:15 pm on 20.23 at MXN rate.

“Peso was praised for not announcing the fees for Mexico,” said Gabriela Chiller, Director of Economic Analysis of the Bango site, Said in x after 3pm. When trading over 20.20 for Beso dollar.

He said that the US is to impose more fees “high fees” to exempt obligations on goods sent to the United States under USMCA.

Mexico sent US $ 505.85 billion to the United States last yearCapture 15.5% of the 26 3.26 trillion market in the United States for imports.

25% of fees are currently applicable to non -compliant goods that US imports from Mexico from Mexico, however, Economic Minister Marcelo Ebert said last month Most companies in Mexico are sending products to the United States and can be “easily or without great difficulty” in accordance with the rules of the North America Independent Trade Agreement so that it can avoid fees.

Trump’s ‘mutual’ charges

At the beginning of his 48 -minute speech at Rose Garden, Trump said: “My fellow Americans, this is the day of release.”

He said that “mutual fees” will come into effect at midnight Thursday, but immediately noted that they will not be “full mutual”.

According to Trump’s illustration, “mutual fees” apply to 50 countries, including the European Union, on the basis of “charges for the US, including” currency manipulation and trade barriers “. According to the chart, US charges apply to imports at approximately half of the tax rate for US imports.

Although the US government did not impose mutual fees for imports from Mexico, Trump was aimed at Mexico during his speech due to a large trade surplus that runs with the United States.

With US President Mexico, the United States put the annual shortage of US $ 300 billion, although that number was Less than $ 172 billion more than last yearAccording to US data.

During his speech, Trump described the North America’s trade agreement, which was broken by the USMC in 2020, and that it was a “bad trade agreement,” and emphasized that it lost 90,000 factories and 5 million production work in the United States.

The implementation of mutual fees is “our Economic Independence Declaration” and that “jobs and factories will come back to our country.”

Mexico News Daily Chief Employee Writer Peter Davis ((Email protected))

.

Story Credit

Exit mobile version