The other levies, of 20 % for the EU or 34 % for China, will arrive on Wednesday. All this in a context of general collapse of the bags.
The commercial war of the Trump administration against almost everyone has already started, the worldwide rate of 10% has entered into force for all imports in the US. Uu., Four days before taxes are added higher than European products (20%) or Chinese (% 34), and amidst large falls and losses in the pockets around the world.
The global rate of 10 % that the US president, Donald Trump, announced this week this week in force at 00:01 Local time of the east of the US (6:01 am In Euskal Herria).
On April 2, one day baptized as “Liberation Day”, Trump announced that tax from 10 % to 184 countries and areas, in addition to the European Union (EU), and which in some cases has risen to 20 % for European products or 34 % for Chinese imports.
Trump’s rates, country per country
That rate climbsExtra Aria only applies to some Washington Business Partners in operation at 00:01 Local Eastern Time of the US (6:01 am from Euskal Herria) April 9.
What enters into force from this moment is the worldwide rate of 10 % that influences all products that import the United States of other countries.
Those products that were already loaded on a ship and are on transit to the United States before the entry into force of the measure are taken from that rate of 10 %.
These are the products and states that are fought from Trump’s rate fever
Trump imposed rates by resorting to the extra authority that has as a president to explain one “National emergency situation”Something that made the argument that the current commercial situation entails a risk for the security of the United States.
The president has promised that rates will have the US return to the jobs that have moved to countries with cheaper work in recent decades; But in recent weeks he has also acknowledged that there could be a period of painful “transition” for American families.
The president of the Federal Reserve (Fed), Jerome Powell, warned on Friday that Trump’s rates could translate into greater inflation and lower economic growth, and warned that the highest inflation could be persistent and not temporary.
Bags in the bags
The Spanish stock exchange has lost 5.83 %, the biggest daily fall since March 2020, and is closed under 12,500 points for fear of a recession for the commercial war that is undertaken by the United States, as well as due to the decline of banks and international squares.
In Europe, with Euro in $ 1,0971 and a depreciation of 0.74 %Milan fell 6.53 %on Friday; London and Frankfurt 4.95 % each and Paris 4.26 %.
The most important indices of the American bags have also suffered a strong falls, giving the general collapse in continuity in Thursday.
Finally, the most important indicators of Wall Street have fallen almost 6 %. The S&P 500 has lost 5.97 %, the Nasdaq 5.82 %and the Dow Jones of industrialists 5.5 %.
China responds to Trump with a rate of 34% for all American products from 10 April
The most important parques of Southeast Asia have closed their sessions with losses between 1 % and just over 3 %. In particular, Tokyo has fallen 2.75 % and Seoul 0.86 %, while Chinese parking spaces are not open for the party.
UE-EE Negotiations. Uu.
This Friday, the European Commissioner of Trade, Maros Sefcovic, transferred to his American counterpart, Howard Lutnick, that the commercial relationship between the European Union (EU) and the United States “needs a new approach”.
“The commercial relationship between the EU and the US. Uu. It needs a new approach. The EU is dedicated to important negotiations, but is also willing to defend our interests,” said Sefcovic on his social networks after the meeting he held with Lutnick, who lasted two hours, and in which the American commercial representative, Jamon Greer, is also present.
They have maintained a “Franco exchange”, according to the European Commissioner of Trade, in which he assured that it was “clear” and transferred to his conversation partners that “American rates are harmful and unjustified.”
After this first meeting since US President Donald Trump announced new rates of 20 % to EU input last Wednesday, the three agreed “in contact”, according to the European Commissioner of Commerce.
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.
