The American rates are coming to Mexico, Canada and China

The expected rates announced by the President of the United States, Donald Trump, have entered into force this midnight, with taxes for the import of 25 % to Mexico and Canada and folds the assets that China exports to the American country that opens the door to one Large scale commercial conflict.

The entry into force of these tariff increases by the United States has a Immediate commercial reaction from China and Canada.

China will impose rates of 10 % and 15 % on agricultural products from the United States in response to the imposition by Washington, of the taxes of 20 % to the products of the Asian country that were underwent on Tuesday.

As announced by the Ministry of Finance in a statement, China will burden the US input by 15 % From chicken, wheat and corn, and with 10 % to that of soybeans, pork, beef, water products, fruit and dairy products, including products.

The rates will take effect on 10 March and will be imposed in response to the “unilateral” taxes imposed by the United States, which damage the portfolio, the multilateral trading system, increase the burden for American companies and consumers and undermine the basis of economic and commercial cooperation between China and the United States. “

The Asian country is the most important market for those American sectors, although in the past two years the export to China has experienced decreases up to 20 %.

On the other hand, the Prime Minister of Canada, Justin Trudeau, has announced that he will apply a retribution rate.

“Canada does not let this unjustified decision become unanswered. If American rates are taken into effect tonight, Canada responds from 00.01 (local time), with 25 percent rates By 155,000 million dollars of American products, starting with rates immediately more than $ 30,000 million immediately and about the remaining 125,000 million in 21 days, “says a statement from the Canadian Prime Minister’s office.

The US President, Donald Trump, continues with rates for the import of agricultural products, in what his last threat is for commercial barriers for the goods that other states sell in the United States.

“To the large farmers of the United States: prepare to produce much more agricultural product to sell in the United States. Rates will be applied to external products on 2 April. Functions!”

The Spanish state exports to the Agri -Food products of the United States that are worth more than 3500 million euros, according to data from Datacomex 2024, an invoice of which 30 % (1013 million) comes from the income that has been obtained exclusively for the sale of olive oil To that destination.

After olive oil, export of arrivedwith 335 million euros, while the Table Olive It is the third game in importance (just over 200 million euros). Other relevant items come from the sale of the Horticultural sectorwith 74 million euros or 84 million frozen molluscs.

Trump has repeatedly described rates as “the most beautiful word in the dictionary” and has used it as a negotiating tool both in his first term (2017-2021) and in the current one to obtain concessions in trade, migration and safety.

Rate and protectionist wave

From his return to the White House on January 20, Trump announced the rates against different states, although he has applied one so far: on February 4 he imposed a tax 10 % on Chinese import.

This Tuesday plans to apply another rate of Another 10 % addition to Chinese productsThis increases the 20 % tax burden on those goods. These measures are added to the taxes imposed during their first mandate on more than $ 300 billion in Chinese products, which are usually valid. Moreover, Trump will impose This Tuesday Rates of 25 % to import Mexico and Canada.

The president has also announced new rates of the 25 % over steel and aluminumWhose entry into force is planned for 12 March.

Finally, in February, Trump announced the imposition of the imposition of “Mutual rates” To the states that take American products or apply what Washington regards as a kind of barrier, with the aim of leveling the rates that these countries apply to the export of the United States, and with The European Union (EU) under the most important affected.

There is still no date for the entry into force of these rates, because the first step will be the preparation of a report that analyzes rates and measures that each country applies. This document is delivered to the president, who will make the final decision.