American bags reacted with optimism after several financial media reported that these rates would be less severe of the initially expected. However, White House officials They warned that the president is still committed to the implementation of “strong tariffs”, recommending investors not to make too many illusions about a possible moderation of measures.
Besides, Trump threatened an additional 25% tariff to any country that bought oil to Venezuela, which could impact on economies such as China, India and Spain. In the Spanish case, the Repsol company maintains an agreement with Venezuela that was approved during the administration of Joe Biden.
During a meeting at the White House, Trump reiterated that, in addition to automotive tariffs, Soon, pharmaceutical products will also be imposed. Despite his warnings, he stressed that some nations will be exempt, although he did not specify which or what conditions.
As an example of its commercial policy, he mentioned the South Korean company Hyundai, which plans to invest 20,000 million dollars in the United States to manufacture vehicles in the country. According to the former president, this investment will allow the company to avoid tariffs: “There are no rates if you produce in America”he said.
The United States maintains a special interest in 21 countries, which together represent 88% of its imports. Among them are Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, South Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, United Kingdom and Vietnam.
Trump says he will soon announce tariffs on cars, aluminum and pharmaceutical products
The president of the United States, Donald Trump, said Monday that in the very close future he will announce tariffs on cars, aluminum and pharmaceutical products.
Speaking to the press at the White House, Trump said that the United States I would need all these products if there were problems, including wars.
Source: Ambito
