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Trump’s tariffs: What has done and what is to come?
The global commercial war begins to get worse after the entry into force of the tariffs imposed by the Republican.
A worker in a maquiladora, in Ciudad Juárez, Mexico, who has promised to respond reciprocally Trump tariffs. (Free Press Photo: EFE)
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Since he assumed how President of the United States, Donald Trump announced a series of tariffs that generate fears of unleashing a growing commercial war, from taxes to counteract “unfair trade” to combat illegal immigration and smuggling of fentanyl.
Today 25% American tariffs entered into force on Canadian and Mexican products, While Washington raised tariffs on China at 20%.
Both China and Canada They imposed retaliation tariffs, While Mexico said it will do the same.
Next, a summary of Trump’s tariffs, both the current and those that are still a threat, as well as the response measures of other countries.
25% about imports from Canada and Mexico
Today, March 4, the high US tariffs on Canadian and Mexican products, measures that according to experts come into force They could hinder supply chains and raise prices for consumers.
Trump had announced 25% tariffs in February, accusing United States residents of not stopping irregular immigration and drug trafficking.
Tariffs, with a lower rate on Canadian energy resources, will affect US imports from both countries worth more than US $ 918 billion.
Canada quickly imposed 25% retaliation tariffs on the United States, and Prime Minister Justin Trudeau warned that they could be expanded.
The Mexican president, Claudia Sheinbaum, said her country I would also respond with tariffs, although he did not give details immediately.
20% about Chinese imports
Washington too It increased a 10% tariff to China by 20%.
Beijing took reprisals, saying that 10% and 15% levies would impose to a series of imports United States agricultural.
These tariffs will come into force next week and will affect imports worth tens of billions of dollars, from American soy and corn to chicken and vaccine meat.
Beijing had already responded to US commercial measures with 15% tariffs on coal and liquefied natural gas, and 10% on oil and other products.
25% to EU imports
At the end of February, Trump promised to apply 25% tariffs To the products of the European Union (EU), including cars.
The 27 nations block He warned that he will take proportional reprisals.
25% to steel and aluminum
Trump signed in February orders to impose 25% tariffs on the imports of steel and aluminum of the United States as of March 12.
Canada is the main steel provider from the United States, followed by Brazil.
25% on cars, chips and pharmaceutical products
Trump announced that cars, semiconductors and pharmaceutical products could arrive on April 2, with a rate of around 25%.
For chips and pharmaceutical products, he said they could “Upload very substantially in (the) course of a year.”
Agricultural products
The Republican President said Monday that tariffs on imported agricultural products They could be imposed on April 2.
“To the great farmers of the United States: Prepare to start producing a large number of agricultural products that will be sold within the United States ”Trump said in a publication on social networks, without providing more details.
Reciprocal rates
Trump too He signed “reciprocal tariffs” plans of great scope that could affect both allies and adversaries as of April 2.
The encumbrances would adapt to each commercial partner of the United States and consider the tariffs that impose from American products, Together with the taxes that the White House has said they are discriminatory, as value added taxes.
Related readings
Research on wood and copper tariffs
Trump ordered Saturday An investigation into possible tariffs on wood imports.
The review, scheduled for November, points to exporters of Canada, Germany and Brazil, to which White House officials They accused of doing “dumping” (NDLR, “unfair competition”) of wood in the US market.
Last month, Trump also ordered investigation into possible levies to copper imports, They could enliven commercial tensions with Chile, the largest supplier in the United States, as well as with Canada.