From Wednesday, the Trump administration will impose a general supplement of 10 % on imports from different countries, from 20 % to the EU and 104 % to Beijing; While Basque and Navarro governments design measures that serve as an economic shield.
United States (US) active today, April 9, the battery of new rates announced by President Donald Trump. The measures, which assume that a radical turn in American commercial policy has already caused a shake on international markets and a waterfall of diplomatic answers, in particular from China and the European Union.
The new tariff regime sets one 10 % general tax on all inputIt rises to 20 % for European goods and 104 % reached in the case of the Asian giant. Moreover, cars and components (except those from Mexico and Canada) will pay 25 %. The Chinese director, the most important white person of this commercial offensive, had already warned that “would fight until the end” if the US imposed an extra 50%rate, which finally happened.
The tariff war has left all its mark: World bags have lost a value of around 10 billion dollars. Wall Street has registered Strong Falls, led by technological giants such as Apple, while Asian and European bags try to restore part of the lost site after a black week.
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In Euskadi, the Basque government He has drawn up a contingency plan for the impact of the new rates. The Pradales Executive analyzes protection measures for the most exposed sectors, in line with assistance placed during the pandemic. The president of Navarra GovernmentMaría Chivite, has assured that the Foral Executive “will be supporting companies there” and, among other things, regards measures to postpone payments in tax matters, assistance calls, support for the opening of new markets and campaigns to promote local product consumption.
For his part, the European Union He has offered Washington to eliminate mutual industrial rates. However, the White House did not respond to the proposal. Ursula von der Leyen has assured that Europe “keeps all instruments on the table” to defend their interests.
Analysts are afraid of a spiral of reprisals that leads to one Global recession. Trump, on the other hand, is open to negotiate, but alone, he says, when they offer him ‘something phenomenal’.
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.
