The US president prepared the “Day of Liberation Day” day to announce the new tariff scheme of his country.
As announced last week,Donald Trump confirmed that from midnight on April 2, a 25% tariff will apply to all cars manufactured outside the country. “The gold stage for the United States “arrives”Said the president on an advertisement day that he baptized as “day of liberation.”
The presidential measures have two great objectives: to clean up the US trade balance and strengthen its Automotive industrywhich operates inside a productive network that includes Canada and Mexico. This integration would be interrupted with these measures, affecting the manufacturers of these nations, with an impact close to US $ 250 million in a first instance. They are also projected Increases in the costs of vehicles, between US $ 4,000 YU $ s 10,000.
In his speech, Donald Trump He opened the possibility of increasing the tariff and promised that “I will use the money generated to reduce our taxes and pay our national debt ”. “They have scammed us for 50 years, but that will no longer happen,” he argued, as a motivation of decisions, and explained how his “reciprocal tariffs” model will work “:”They do it to us and we do it to them. ”
In his speech, the US president made explicit reference to his neighboring countries: “Before the relentless economic war, the United States can no longer continue with a unilateral economic surrender policy. We cannot pay the deficits of Canada, Mexico and so many other countries. Let’s take care of our people first. ”
Trump capture.jpg
Donald Trump announced tariffs in all countries
After confirming that customs barriers will be applied immediately, Donald Trump made another drastic advertisement: “Tariffs for countries around the world are going to be signed”. This “Basic Universal Tariff” will be 10% and will reach about 60 countries.
Beyond that, there are regions that will have special tax treatment. This is the case of the eastern nations, where they emphasized the levies to Cambodia (49%), Vietnam (46%), Sri Lanka (44%), Bangladesh (37%), Thailand (36%), China (34%), Taiwan (32%) and Indonesia (32%).
To the countries of the European Union They will reach 20%tariffs, while the reform also contemplates Switzerland (31%), South Africa (30%), India (26%) and Israel (17%). He United Kingdom It was exempt from special rates and the universal 10% will be implemented, the same amount as for our country.
United States tariffs
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
