The interpretation that is imposed is that a simple three -rule would have been used by sharing the commercial deficiency with a certain partner by the value of the import, multiplying the result by 100, which is filled in the EU case, including Switzerland and China.
He Mass rates of rates Thursday described by the US government this Thursday, shakes the markets of the world, trying to understand the calculation on which that decision is based, which in the case of the European Union will rise in 20 %While the community block currently only applies on average 4.8 % For us import.
Although the commercial balance for the United States is inadequate with regard to the European Union, the same does not occur in the Services BalanceThat a balance of 134 billion gives favorable dollars to the US, according to an analysis recently published by the Royal Institute of Madrid.
President Donald Trump announced that his country will pay a general rate of 20 % in a few days on all products of the European Union, that is, the customs tax that those who make those products on the American market will have to pay.
To justify a decision that influences half a hundred states -ranging ranging from at least 10 %, practically applicable to all Latin -Americans, to a 49 % in the case of Cambodia– commercial authorities have referred to a series of more calculations about An interpretation of what they feel like an abuse by their commercial partners, who in transparent data.
The interpretation that is imposed is that it would have been used A simple three rule By sharing the commercial deficit with a certain partner by the value of the import, multiplying the result by 100, which is fulfilled in the case of the EU, including Switzerland and China.
Data of the WTO They indicate that the US imported from the EU in 2023 for a value of $ 605 700 million (18.5 % of the total), while exports to the community market was 370 billion dollars (17.9 %) that created a shortage for Americans of around 235,000 million (16 billion in Agri -Food and 100,000 million).
Mexico and China were the next most important business partners that year, with a reimbursement for the import of the United States of 15.5 % and 13.4 % respectively.
On the US side. Uu. Canada, Mexico and China were their most important markets in that order.
American commercial authorities have tried to convey that the calculation used by the Trump government It’s not that easy and that in addition to the rates (most obvious and visible commercial obstacle) the impact of the Non -Tariff Barriersunder which Import quotathe administrative barriers and the Technical or health requirementsAmong other things.
Currency manipulation
The United States has also mentioned the supposed manipulation of foreign exchange as a commercial barrier.
Also in Europe, but without belonging to the European Union, Swiss was hit with a superior rate, of the 31 %Because Trump is confronted with rates and barriers in the order of the 61 % From the side of this small state, something that the Swiss government has denied today.
“The surplus in the export of Swiss goods is not due to unfair commercial practices. Switzerland eliminated all industrial rates on January 1, 2024 and the result is that 99 % of all goods from the United States can be imported free of customs duties (rates),” the Ministry of Economy said.
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.
