The president of the United States Donald Trump, announced on Wednesday the imposition of “reciprocal” tariffs against dozens of countries, including the main economies of the planet, which he accused of unfair commercial practices against his country.
The American president Donald Trump said Thursday that the United States will come out “Strong” of the situation created by its announcement of tariff increases to imported products. “The operation ended! The patient survived and recovers. The forecast is that the patient will be much stronger, bigger, better, and much more resilient than ever “, Trump wrote on his social truth platform.
The White House representative, Karoline Leavitt, also tried to reassure investors in the United States. “Everyone at Wall Street, I tell you this morning ‘have confidence in President Trump”ensuring that the Republican president is “increasing” his commitment to his successful economic strategy. The official reiterated that with the new tariff barriers, “The United States will no longer be deceived by other countries” And he said Trump will not turn in his decisions.
President Donald Trump declared an economic emergency in the United States and announced tariffs of at least 10% in all countries, with even higher rates for 60 countries or commercial blocks with a high commercial deficit with the US.
The response of the main business partners to the United States
China, the second largest exporter to the US after Mexico, will now face a 54% tariff and promised to counterattack. Canada and the EU, also important commercial partners, are preparing countermeasures. In this context, the Prime Minister of Canada, Justin Trudeau, announced that the country will also impose 25 percent tariffs on US imports for a value of up to 155,000 million dollars.
The China Ministry of Commerce also announced that it will file a lawsuit before the World Trade Organization (WTO) against the imposition of tariffs declared by Trump, against the Asian country and its main partners such as Canada and Mexico.
The situation in Argentina
The US administration confirmed generalized reciprocal tariffs for products entering the country. Argentina was among the less affected countries. 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.
Source: Ambito
