The US administration confirmed generalized reciprocal tariffs for products entering the country. Argentina was among the less affected countries.
The president of the United States, Donald Trump, He confirmed the executive order to establish generalized reciprocal tariffs against the country’s business partners. The measure includes a 10% minimum universal tariff for all imported products and higher rates for approximately 60 nations. In that section are those from Argentina.
“I will sign a historic executive order that institutes reciprocal tariffs to countries around the world. Reciprocos means: they do it to us, and we do it to them,” Trump said in the White House. In addition, he described this day as “one of the most important days in the history of the United States.”
Impact of the wildebeestEVOS duty
Trump justified the measure ensuring that he will bring jobs and companies back to the country, stating that this will be “the golden era of the United States.” The measure arrives in a context of global commercial tensions, with the possibility of reprisals by other affected economies.
During his speech, Trump detailed the list of affected countries and the new tariffs applied. Among the most prominent cases are:
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China: 34%
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European Union: 20%
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Vietnam: 46%
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Japan: 24%
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India: 26%
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South Korea: 25%
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Swiss: 31%
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Bangladesh: 37%
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Nicaragua: 18%
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Norway: 15%
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Botswana: 37%
The Trump government also confirmed that 25% global tariffs on cars and trucks will enter into force on Thursday, while tariffs on imports of car parts will begin on May 3. This measure seeks to encourage national production and reduce dependence on foreign supplies.
International reaction and possible reprisals
The European Union and China already anticipated that they could take commercial countermeasures. According to the president of the European Central Bank, Christine Lagarde, the new tariffs will be “negative for the global economy” and could aggravate economic uncertainty. Meanwhile, Canadian Prime Minister Mark Carney, and the Mexican president, Claudia Sheinbaum, met to evaluate a joint strategy before Washington’s measures.
With these decisions, Trump redoubles his economic protectionism policy in an attempt to strengthen the US industry. However, analysts warn that the measure could unleash a new commercial war and affect global growth.
Source: Ambito
