And Trump said “duties”. What to do now?

Trump spoke of further “mutual” rates, although “moderate”, applicable to about sixty countries, defined as the “Worst offenders”, that is, the “worst” in their commercial relations with the United States. The products fromEuropean Union They …

And Trump said "duties". What to do now?

Trump spoke of further “mutual” rates, although “moderate”, applicable to about sixty countries, defined as the “Worst offenders”, that is, the “worst” in their commercial relations with the United States. The products fromEuropean Union They will have to face a 20 percent rate, which represents about half of 39 percent of customs barriers which, according to Washington, Europe imposes on US products. This calculation also includes VAT and other taxes applied by Europe on American goods.

Other countries will have to face even higher rates: Vietnam with 46 percent, China with 34 percent, Taiwan with 32 percent, India with 26 percent and Japan with 24 percent. For the United Kingdom, however, the rate will only be 10 percent. In addition, Trump confirmed that, starting from midnight on Wednesday, duty of 25 percent enter into force on all foreign cars imported into the United States. Canada and Mexico are excluded from this new series of measures, but the rates of 25 percent imposed to cope with the Fenanyl emergency on the border with the two countries remain in force.

Finally, Trump has excluded any possibility of “negotiations” with the individual nations, defining the situation as a “national emergency”. This message was reiterated by a high administration official in a telephone conference with a selection of journalists, before the president’s official announcement.

The country duties per country

  • European Union 20%
  • Switzerland 31%
  • UK 10%
  • Norway 15%
  • Serbia 37%
  • China 34%
  • Vietnam 46%
  • Taiwan 32%
  • Japan 24%
  • India 26%
  • South Korea 25%
  • Thaiandia 36%
  • Indonesia 32%
  • Malaysia 24%
  • Cambogia 49%
  • Bangladesh 37%
  • Singapore 10%
  • Philippines 17%
  • Sri Lanka 44%
  • Myanmar 44%
  • Kazakhstan 27%
  • Laos 48%
  • Brazil 10%
  • Chile 10%
  • Colombia 10%
  • Peru 10%
  • Nicaragua 18%
  • Costa Rica 10%
  • Dominican Republic 10%
  • El Salvador 10%
  • Trinidad and Tobago 10%
  • Argentina 10%
  • Equador 10%
  • Guatemala 10%
  • Honduras 10%
  • South Africa 30%
  • Tunisia 28%
  • Madagascar 47%
  • Ivory coast 21%
  • Botswana 37%
  • Morocco 10%
  • Türkiye 10%
  • Egypt 10%
  • Israel 17%
  • Pakistan 29%
  • Jordan 20%
  • United Arab Emirates 10%
  • Saudi Arabia 10%
  • Australia 10%
  • New Zealand 10%

Reactions

“The introduction of duties by the United States towards the European Union is a decision that I consider incorrect and that does not benefit either of the two parts”. This is the first comment of Giorgia Meloniarrived an hour after the conclusion of Trump’s speech. If so far he had abstained from commenting on the measures announced by Washington, the government leader has clearly stigmatized the Tycoon plan. At the same time he highlighted how Rome still nourishes some hope of negotiated: “We will do everything possible to reach an agreement with the United States, in order to avoid a commercial war that would inevitably weaken the West in favor of other global actors. In any case, as always, we will act in the interest of Italy and its economy, also comparing ourselves with our European partners”.

As for the numberssecond Coldiretti “The 20 percent duty on all Made in Italy agri -food products will lead to a 1.6 billion increase in American consumers, with a decrease in sales that will damage Italian companies, as well as increasing the phenomenon of Italian sounding”. The Association added on the point: “The drop in sales must then be added the damage in terms of depreciation of the productions, to be calculated for supply chain, linked to the excess of offer without outlets in other markets. It is now necessary to work on a diplomatic solution that is carried out at the European headquarters”.

Among the first international reactions that of Great Britain. The USA are “our closest ally”, but “nothing is excluded” in response to 10 percent duties on imports imposed by Trump, the analysis of the secretary for the British trade and economy Jonathan Reynolds: “We will always act in the best interest of companies and consumers of the United Kingdom. That’s why, over the past few weeks, the government has focused exclusively on the negotiation of an economic agreement with the United States Our current commercial relationships, equilibrated and balanced “. “I regret deeply for the path taken by the United States, who try to limit trade with higher duties. We don’t want growing commercial barriers. We don’t want a commercial war is instead the comment of the Swedish premier ULF Kristersson. Peremptory the position of Australia with the premier Anthony Albanese: “These rates are not unexpected, but let me be clear, they are totally unjustified. This will have consequences on the way the Australians see these relationships”.

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