This generates uncertainty in the global economy because for many years it was the production of US goods and services that endured the greatest costs to reach the shelves of other markets.
In the so -called “reciprocal tariff” Trump explained that it is not a 1×1 relationship, but that it begins to shorten the distance, between what the US must pay to export their products and those that others have to pay to land in the US market.
“China charges us a 67%tariff, we 34%a little less. I hope anyone does not get angry. The European Union are very hard negotiators, we are charged for some tariffs of 39%, we are going to charge them 20%, ”Trump told a press conference to give an example of their decision.
The measures, which will come into force Between this week and next, they include a minimum tax for all products that enter the US and higher rates to the main economies of the world and several emerging.
Trump argues that it is a “reciprocal” action after decades of abuse by allies and competitors whose protectionist measures, alleges, are damaging US exports.
In negotiations between countries Always deprive that the country that is more competitive supports the greatest loads and allows the weakest country to protect certain industries, a review that is done every so often to seek a balance in trade. The premise was that the US for being more competitive supported more tariffs for its exported products.
Now President Donald Trump declared an economic emergency in the United States And he announced tariffs of at least 10% in all countries, with even higher rates for 60 countries or commercial blocks with a high commercial deficit with the US.
Some analysts point out that the United States had to sit bilaterally with each country or group of nations to review the reciprocal agreements of trade. The problem is that in doing so collective creates, for now, a mismatch in the global trade that will take its time to assimilate and adjust the new measures.
The list by tariff countries were presented by the White House.
About China falls 34% tariffs in response to policies that increase American products by 67%. In addition, a regime that has allowed the Asian giant to export products below $ 800, without paying taxes, will be revoked from May 2.
China, the second largest exporter to the US after MexicoHe will now face this new tariff and promised to counterattack.
The secretary of US Treasury Department, Scott Besentthe countries affected by the new tariffs announced by the President urged Wednesday Donald Trump To avoid any type of retaliation, in order not to aggravate the current commercial war.
“For years, US citizen workers were marginalizedS While other nations were enriched and became powerful, in large part to ours. But now we have to prosper, ”said Donald Trump.
The president of the United States decided not to apply a new global tariff rate of 10% on the goods from Canada and Mexico, According to an information sheet published by the White House on Wednesday. However, the previously established tariffs on certain products related to border control and the fight against fentanyl will be kept in force.
Canada and Mexico will continue to face rates of up to 25% in products that do not meet the terms of the treaty between Mexico, the United States and Canada (TMEC). On the other hand, the goods that do comply with the provisions of the agreement will not suffer modifications and maintain a 0%tariff.
Antitrump narrative
“China and Europe rose the tariffs and nobody said anything. We are in an Antitrump narrative, ”said Spanish economist Daniel Lacalle in an interview published in debate.
He explained that in the last two decades the world got used to a commercial policy that summarizes it as follows:
“Countries can export everything they want to the United States, But all kinds of barriers are put to the United States. These barriers are not only tariff: also administrative, bureaucratic, fiscal, and prevent US companies from exporting, ”
He added that “the empirical evidence is that, for example, the European Union has a gigantic commercial surplus with the United States In products where European production is much more expensive, because labor costs, taxes, etc. are much higher. ”
The effective tariffs applied by the European Union against the United States are much higher In food and livestock, in alcoholic beverages and tobacco, in animal oils, in everything that has to do with vegetable oils, chemistry, manufactured products, machinery and transport, and in general all raw materials. We are in a world in which what there is is a gigantic protectionism against the United States, he explained.
What President Trump is trying is to balance the balanceand also balance the balance negotiating. And what it does is announce tariffs, because the United States cannot do what the European Union does.
The lacalle economist believes that everything is being used, Trump’s excuse and tariffs“To look for an external enemy and An scapegoat that justifies what was already a problem that had been coming for many months: global economic slowdown and persistent inflation. None of those factors is new. They have come for months. What happens is that Trump wants to use as a scapegoat of a global economic problem that already existed. “
“Trump is blamed by the bagwhen in reality what is happening is that last year we tried to repeat again and again that we were going to have expansive policies, that inflation was going to lower super fast and that there would be five, six or seven decreases in interest rates. The market has properly taken a lot of risk thinking that many decreases of types and many liquidity injections were going to be given ”, The economist said
