To date, the rates for steel and aluminum import has entered into force, and they have been used, with various intensity and reach, on products from Mexico, China and Canada.
The commercial war undertaken by the President of the United States Donald Trump, is an important day on 2 April, because it is expected that a series of costs are expected to enter into force to various imported products, including cars and their components.
To date, the rates for steel and aluminum import has entered into force, and they have been used, with various intensity and reach, on products from Mexico, China and Canada. At the moment the situation is as follows:
Rates that should take effect on April 2:
-The 25 % rate for everyone auto Imported by the United States, as well as for the components that are not made in the US. And neither in Mexico and Canada, exempt from those taxes.
-It is planned that rates on Mexico and Canada products are covered by the T-MEC.
-The design of rates for the input of Agriculture, pharmaceutical productsnext to Microchips and semiconductors. They can be around 25 %.
-The rates of 25 % are in force for the states that buy oil from Venezuela, directly or via a third party. On March 30, uu. He has informed the partners of the state of oil company PDVSAunder which Repsolthat your permissions of Crude oil export from Venezuela They have been canceled.
Announced rates, but without specifying and/or threats:
-E. Uu. Announced on February 13th on imposing “Mutual” rates To state that tax American products. Trump gave a period of “weeks” or “months”. It was then specified that they will apply from 2 April. A day before Trump will receive a report with the details of the measures.
These types of rates are not defined and are difficult to specify because, according to the White House, they will be different for each of the American business partners.
Trump’s goal is probably to compensate for the taxes (for example the VAT) of other states to US products and services with tariff measures. Also in the case of subsidies and state aid and even regulations that, according to Washington, harm US manufacturers.
– On February 21, Trump signed an executive order that threatens to impose rates on the states that apply digital rates To American companies.
– on March 13, the president of the United States. Uu said that a rate of 200 % will impose arrived And to the rest of alcoholic beverages of the European Union (EU) in retaliation for Brussels’s plans to tax the import of whiskey United States.
– March 27 assured that he is willing to register “Great” rates for the EU and Canada If both work together economically to harm the United States.
American rates are already in force:
– from March 4:
25 % rates for import from Mexico and Canada (10 % for Canadian energy products). Of these taxes are currently exempt from the automotive sector and the goods that fall under the free trade agreement (T-MEC). In these areas, the obstacle will be in operation on 2 April.
10 % rates for Chinese products. This right of retention is in line with another earlier 10 %, in force since February.
– since March 12:
25 % rates for input from steel and aluminum Of all countries of the world, although Trump threatened to increase this rate to 50 % in the case of Canada.
Response from other states and commercial blocks:
-European Union: The European Commission (EC) will apply gradual rates for the import of American products with a value of 26 billion euros in response to the taxes imposed by the US. Uu. To the export of steel and aluminum.
Although in the beginning he expressed the reaction in two phases, Brussels announced on March 20 that he would apply all his countermeasures from mid -April.
BRVVED products are a mixture of industrial goods (steel, aluminum, textiles, devices …) and agricultural (grain birds, beef, eggs, vegetables and food from the sea).
-China: The Chinese government has imposed two tariff packages on American products. One in 10 and another, 10 March. These taxes vary between 10 % and 15 % and influence goods such as oil, gas, coal, cotton and agricultural and livestock and livestock farming.
-Canada: The Canadian government gravel of March 13 with 25 % rates for a series of American products with a value of $ 2000 million, including computers, tools and steel.
These rates, with which Canada responds to American taxes on steel and aluminum, contribute to those who have been applicable since the beginning of March to products with a value of 19170 million euros.
-Mexico: Mexico has insisted that it is negotiating to prevent rates from coming in and that it will wait to see how those of the US are completed to respond.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
