Until high night of the night, the president He was talking on the phone with friends and allies to listen to different proposals on how to design tariffs, according to CNN, which cites Sources close to the White House.
Throughout Tuesday, Trump met with advisors to define the details of The so -called “reciprocal tariffs”, conceived to penalize countries that impose barriers to US products and servicesa measure that could especially affect the European Union.
The logic of these tariffs is simple: Washington will raise their rates on foreign goods and services to match commercial and fiscal barriers – like European VAT – that other countries apply to US products. “If they charge us, we charge them“Trump has reiterated on numerous occasions.
Uncertainty about the shape of tariffs
It is still not clear what format the tariffs will adopt. An option that Trump is contemplating is to impose differentiated rates according to the type of product and its country of origin, while another would be set a unique rate for all imports from a countrycalculating the average of what that nation taxes American products.
Another alternative that evaluates the Republican, according to CNN, It is a staggered system with fixed levies For different groups of countries, applying higher rates to those that Washington considers more protectionists.
The most drastic option would imply a generalized 20 % tariff on most imports that reach the US, which could unleashed strong reprisals of its commercial partners.
The uncertainty about Trump’s announcement keeps several countries in suspense, From the European Union to Mexico, Canada and Indiawhich could be directly affected. The red street opening and generated volatility in international markets has also caused on Wednesday.