The 125% increase in the encumbrances announced Wednesday by the US president, Donad Trump, against China joined 20% in force since the beginning of March in the framework of the fight against fentanyl traffic.
Additional tariffs applied by the United States to the importation of products from China They reach now 145%said a White House decree published Thursday.
According to the text, The 125% increase in the encumbrances announced Wednesday by the US president, Donad Trump, against China joined 20% in force since the beginning of March in the framework of the fight against fentanyl traffic.
And they are added to existing taxes before Trump returned to the White House in January. The decree also confirms the pause of some of the customs rates against other countries.
Agreements with business partners
Beyond the situation with China, The US is considering offers from 15 countries on tariff agreements and is close to achieving them with some of them, The economic advisor of the White House said Thursday, Kevin Hasettafter Trump lowered some of the tariffs in a surprising turn.
“The US Commercial Representative Office (USTR) has informed us that there are now 15 countries that have made explicit offers that we are studying and considering and deciding whether they are good enough to present them to the President,” Hassett indicated journalists at the White House, referring to the commercial representative’s office.
Hasett remarked that the main responsible for the administration policy meet in the White House for “Make sure that countries that are more important to bring this to the finish line are the countries that we see first.”
The official said he expected a lot of movement on trade agreements in the next three or four weeks. “This is a very fast process that has not started today or yesterday. It started much earlier”he said. “There is a great inventory of agreements that are very close to the finish line,” said Hasset to CNBC before.
Trump’s turn on Wednesday, less than 24 hours after new tariffs entered into force most commercial partners, followed the most intense episode of volatility of financial markets since the first days of the Covid-19 Pandemia.
The seizure erased billions from stock markets and caused a disturbing rise in US public debt yields that seemed to capture Trump’s attention.
Source: Ambito
