The President of the US, Donald TrumpIt has announced that it will increase import rates on China to 125%and pause additional tariffs for other countries for 90 days. The measurement still must be detailed and verified by the executive order.
“Based on the lack of respect shown towards the global markets, I increase the tariff charged from China to 125%from 125%,” Trump said at the social network on Wednesday afternoon.
“I hope China has realized that the days of exploring the US and other countries at some point, in the near future, are no longer acceptable.”
“On the other hand, and more than 75 countries have called the United States representatives to negotiate with the United States representatives, commercial obstacles, tariffs, currency manipulation and non -monopoly tariffs.
Understand the trade war
Trump’s decision came a few hours after China’s revenge for US tariffs. After 84%of the US tariffs, which came into effect early in the morning, Beijing decided to impose taxes at 84%of American imports. With Trump already imposing a 20%tax tax on China, the country has a 104%rate, which is now extended to 125%.
Last week, Trump announced that he would pay taxes to almost every country in the world Import tariffs From 10%. This 10% charge is Saturday 5, and Brazil is in this lowest category.
This Wednesday, 9 and additional charges were in effect. So, the European Union It was charged at 10% and another 10% on Saturday, for example 20%. Additional rates against other countries and blocks have also come into force Vietnam (46%) e Japan (24%). See the full list below.
New rates have left steel, aluminum, cars and auto parts, already 25%taxes and other items including semiconductors, drugs and other items. Trump’s order decides that Mexico and Canada will not be affected. The percentages announced in January and later were reviewed. Exceptions made based on the USMCA agreement are also carried out.
Historical growth
Remember new tariffs Excessive increase from the 1930s And they change the dynamics of global trade, which points out the analysis of the Moody’s consultancy.
“Protective tools increase the complexity and cost of global trade and weaken growth opportunities, especially for commercial -based economies, as well as many sectors. Uncertainty is already delaying business belief and investment.”
The agency pointed out that rates would increase The risk of depression Reduce the chance of growth in the US and G20 countries.
On the contrary, he thinks that fees are a great way to increase US wealth, as they will make them bound to reduce the country’s trade deficit and buy more American goods. He said the measurement would increase tax collection and provide more jobs in the country.
