At a press conference, the US president announced that the first import tariffs will begin to be applied. What was the message to farmers.
The president of the United States, Donald Trump, announced on Monday the implementation of tariffs on imports of agricultural products from April 2, andn a new measure within its commercial strategy. In addition, he confirmed that since Tuesday 25% tariffs will be applied to imports from Mexico and Canada.
“To the great farmers of the United States: prepare to start producing much more agricultural product to sell within the United States. Tariffs will be applied to external products on April 2. Have fun!”, The president said on his social truth platform.
Trump It did not specify which products will be subject to these tariffs or if there will be exceptions. Throughout his political career, he has defended the imposition of rates as a key tool in his commercial, migratory and security negotiations.
Since the presidency resumed on January 20, he has announced various tariff measures against several countries, although to date he has only completed one: February 4 established a 10 % tax on imports from China.
As of this Tuesday, the tariff also applies to Chinese products
This Tuesday, it is also planned to apply a new 10 % tariff on Chinese products, which would raise the total tax burden on a 20% in those goods. This measure adds to the levies imposed during its first mandate on more than 300,000 million dollars in Chinese imports, that mostly still are valid.
Trump proposes additional tariffs to China for US $ 100,000 million
Trump too announced new 25% tariffs on steel and aluminum, scheduled to enter into force on March 12.
On the other hand, in February the president announced the implementation of “reciprocal tariff. This measure would mainly affect the European Union (EU) and other nations. A date for implementation has not yet been defined, since the first step will be the elaboration of a detailed report on the rates and restrictions imposed by each country. Once completed, the document will be analyzed by the White House, and Trump will make the final decision.
Source: Ambito
