As a counterpart, Trump confirmed that he will impose 50% tariffs to Brazil as of Friday. Both the American president and his Brazilian couple, Lula da Silva, maintained an intense public crossing in reference to the negotiations. Beyond the tariff war, the Republican said that his measure is also an answer to the “political persecution” against former president Jair Bolsonaro, who is tried for a coup attempt.
The great unknown of all these negotiations is What a future will have the relationship between the United States and China. Both powers had, a short time, a true tariff battle in which import taxes rose above 145%.
However, both Trump and Chinese President Xi Jinping, step back and agreed to truce In the levies while negotiations happen. Last Wednesday, representatives of both countries closed the third round of negotiations, in Stockholm, without a definitive agreement although with clear signs that show a new extension of tariff peace.
In this tense context, and until July 31, these are all the countries that reached an agreement with the United States.
South Korea
In reference to one of the great strategic partners of the United States in Asia, Trump confirmed last Wednesday that an agreement was achieved that establishes a 15% tariff for all products from South Korea. In addition, the Asian country promised to acquire US $ 100,000 million in American energy resources.
On the other hand, from the White House they also confirmed that Seoul will transfer US $ 350,000 million destined for “acquired investments and under control of the United States, selected by me as president”.
European Union
Last week, near the deadline for the implementation of new tariffs, the European Union and the United States announced a commercial scheme that applies a 15% tariff for 70% of European imports. As reported by the old continent conglomerate, this rate will mainly affect the pharmaceutical, car and semiconductor industries. At the moment, the remaining 30% of the products remain in negotiation.
World Economic Forum Trump and Ursula von der Leyen.jpg
From the European side, the president of the commission, Ursula von der Leyen affirmed that the agreement also reflects a zero tariff for goods that are considered strategic.
The tariff will also apply to Wine and European spirits, which will have to pay a 15% tariff Upon entering the United States, until the negotiators of both states make a different agreement. In the midst of the talks, the EU wishes to reduce it to zero or, in the case of wine, at least to the most favored nation rates (NMF).
Finally, the Republican leader also highlighted European investments in the United States in the energy sector – one of Trump’s great objectives – for a total of US $ 750,000 million.
Japan
Japan is another of the countries that reached an agreement with the Trump administration. In detail, The island will have a 15% tariff for its products, replacing the initial 25% that had been applied.
Within the agreement, the Japanese administration also promised to invest U $ S550,000 million in American territory, as well as flexible the entry of US cars and rice to its market.
Philippines
Despite having reached an agreement, the case of the Philippines does not present great changes. Finally, the Asian country will have 19%levies, Only one point below the tax initially. However, the good news for Trump is that now, US exports will not have to pay aliquots to enter the Philippine market.
Indonesia
Indonesia It was one of the first signed agreements. USA A 19%tariff will apply below 32% announced in April this year. In addition, according to an official statement, US products sent to Indonesian territory will enter without paying taxes.
Vietnam
Almost a month ago, Vietnam confirmed that it will eliminate tariffs on US imports. In contrast, the management of Trump announced a decrease from 46% to 20% to Vietnamese products that enter the country.
United Kingdom
With the United Kingdom, Trump agreed to a reduction of tariffs on vehicles, steel and aluminum and the British did the same with the rates applied to olive oil, wine and American sporting articles.
In this scenario, it should be noted that British metals currently have a rate that rises to 25%.
Taiwan
Taiwan was one of the last to announce a preliminary consensus. In detail, the Taiwanese government said it seeks to increase imports from US goods, eliminate “commercial obstacles” and promote the investments of the United States. Despite the tune, the heads of states of both countries did not agree a joint statement on the tariff theme.
China
The situation with the Chinese government is The one that tightens the world panorama. A new tariff climb – such as the one that happened just over a month ago – can hit the global trade again.
Trump Xin China Tariff
At the moment, on May 12 Both administrations achieved a consensus: a 90 -day truce which reduced the applied tariffs of 30% to the 10%.
Beyond the encumbrances, the Secretary of the Treasury, Scott Besent, said that China will facilitate the access of US companies to essential rare minerals that are used for the development of different key pieces in the technology industry. For his part, Beijing confirmed that Trump will lift a series of restrictions, although at the moment the application date is unknown.
The truce between the two countries ends on August 12. After the talks in Stockholm, both delegations were open to a new extension of Tariff peace To continue negotiations.
Source: Ambito
