Since the presidency of the United States assumed again, Donald Trump announced a new series of tariffs that threaten to unleash a commercial war, with the objective would be to combat illegal migration and smuggling.
This Tuesday, March 4, US 25% US tariffs entered into force Canadians and Mexicansas well as 20% on those of Chinatherefore, the three nations also decided to impose “retaliation tariffs” as a response measure to Donald Trump.
The American president also promised to apply 25% tariffs in April to: the products of the European Unionimports of steel and aluminumto cars, semi-conductors, articles Pharmacists Already the products agricultural; In addition, it would analyze the possible incorporation of the wood and the copper.
Given this situation, thousands of people at the international level have begun to wonder: what are the tariffs of import And how do they work? Considering that dozens of world leaders fear these promises from Trump, who has not hesitated to Use your power and position to get what you want.
What are tariffs and how do they work?
Tariffs are a tax that applies to all estate that are subject to export and import And, in the specific case of Trump’s threats, the president is increasing the Broving of all products that arrive in the United States, with the aim of increasing the source of income for the government.
According to the World Trade Organization (Wtofor its acronym in English), customs rights favor national products by giving them price advantage over imported ones.
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Tariffs, taxes for each nation to imports, generate income for the government of the country of destination.
Tariffs benefit the goods produced internallysince the tax value depends on the classification of each product that enters, so a percentage of the price of the article. There are also cases in which a fixed amount is charged by the unit of measure.
There are currently three types of tariffs: AD VALEM TARANCEL, in which a percentage of the value of the imported product is calculated; he Specific tariffin which a fixed amount is applied for each unit of measure in the imported merchandise; and the Mixed tariffwhich combines the two types of tariffs mentioned.
The most used is the AD VALEM tariff, which is traditionally calculated using the value of the content declared in the commercial invoice, together with the Insurance costs and an additional percentage of the cost of transport; However, when two or more countries sign a Free Trade Agreementtariffs are eliminated.
China and Canada already answered Trump and the US with #dutyMexico will respond by singing the national anthem, accompanied by a cake and fruit, all to the Zocalo to make a fool of them.
Fourth Government. 🤮🤮🤮 pic.twitter.com/3iq1NFO8JB
– Edgar Jiménez (@citizenedgar) March 4, 2025