The president of the United States, Donald Trumpannounced Wednesday at the close of the markets the start -up of reciprocal tariffs up to 50%. “This is the day of liberation, on April 2, 2025, it will be remembered forever as the day that the industry was reborn, the US destiny was recovered and the day we began to return the prosperity to the US,”said the president.
During his event in the Jardín de las Rosas, President Trump showed graphics that detailed the percentage that the US will impose to each country, based on the tariffs that apply him. “I will sign a historical executive order establishing reciprocal tariffs to countries around the world,” he catapulted.
And he explained: “They are reciprocal, that is, we are going to charge them the same as they charge us. This is one of the most important days, in my opinion, in the history of the United States. It is our declaration of economic independence. “
In that sense, the president said that countries enriched themselves in tow of the United States, but that “now, it is our turn to prosper.” He added that they will use that money from tariffs to “cut taxes”, as well as “pay the national debt” and grow “very fast.” “With these measures, we are going to make the United States bigger than ever“He said.
“The works in the manufacturing sector will return to our country, we will reactivate the industrial base of our country, we will open foreign markets and we will tear down barriers to trade and we will have more productivity, competition and lower prices for consumers. This will be the golden age for the United States, we will be strengthened“Trump added.
Donald Trump’s vision contrasts with the possibility that these measures accelerate inflation and generate a possible recession in the country and a deceleration of the world economy.
Global 25% tariffs on cars and trucks will enter into force at the beginning of Thursday, as planned, while 25% levies to imports of car parts will be launched on May 3.
Donald Trump’s government will impose 10% tariffs on Argentina
“We are going to collect comparable tariffs, in this case it will not be totally reciprocal. In some cases we made exceptions, “Trump said and showed the tariffs charged by other countries such as China, That according to the table he carried, he has 67% rates compared to 34% in the US. The European Unionfor its part, it has 39% rates compared to 20% and Vietnam 90% against 46%.
In the specific case of Argentina, Trump imposed a 10% rate for all imported products.
Among the most affected countries they stood out Lesothowhich charges 99% tariffs against 50% they just imposed Donald Trumpwhile Cambodiawhich imposes a 97% now will have 47% tariffs.
“Only seven years ago we started with the situation of China, we received hundreds of billions in tariffs. The Chinese president (Xi Jinping) He understood, everyone understands. Maybe you have to put some pressure, but they have taken advantage of us, “he completed.
Source: Ambito
