The President Donald Trump announced on Wednesday, April 2, 10% tariffs For the products of Brazil, Colombia, Argentina, Chile, Peru, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras and El Salvador who enter the United States.
However, it will apply 18% customs rates to the assets of Nicaragua, governed by Daniel Ortega.
With Trump’s tariff plan, global rates are imposed between 10% and 50%.
According to Trump, the Minimum commercial barrier is 10% for the commercial partners that apply, According to government administration, it has monetary barriers. Among them Guatemala.
Reciprocal tariffs
The president has decided to impose a 10% global tariff on all imports and will impose additional levies for those countries that have high commercial and fiscal barriers – such as European VAT – on US products and services, American officials advanced.
These specific tariffs for each country or economic bloc, such as the European Union, will begin to be applied as of April 9, detailed those officials in a call with the press. The 10% base tariff will begin to be applied before, on Saturday, April 5, according to those sources.
Trump gave the details of the tariffs That each of those countries will pay, in addition to 10% that will affect the whole world, in a great event at the Rosalheda of the White House entitled ‘Make America Wealthy Again’ (“Make the USA. Uu. Rico again”).
Executive order
President Trump announced that he will sign an executive order with tariffs for “around the world” countries.
“I will sign a historic executive order that will institute reciprocal tariffs to countries around the world,” Trump said in a great event in the Rosalheda of the White House, where he plans to offer details about a new batch of tariffs that could affect global trade.