The United States will apply from August 7 additional tariffs to most commercial partners. The White House announced that customs rates reach up to 41%
The US President, Donald Trump, announced on Thursday, July 31, a new tariff plan that will enter into force as of August 7, six days after the expected, and that imposes a tax of 30% for several countries that did not seal a commercial agreement in time, although it introduces relief for those who did.
These are the main measures:
Postponed entrance
President Donald Trump told journalists that the date of August 1 was firm, but the decree provides that the surcharges begin to be applied seven days after their publication, that is, on the 7th of that month.
This is to give customs time to organize, journalists informed journalists a high position from the White House.
An additional deadline for products loaded in ships before August 7 and arrives in the United States before October 5 is awarded.
New tariffs
Trump signed a decree on Thursday night that lists the new surcharges applicable to dozens of countries around the world, after having imposed in April a generalized minimum of 10%, which adds to those existing before.
For many of them, including the heavyweights of world trade, tax will increase.
The minimum is 15% (Japan, South Korea and the European Union). In the case of that last block some sectors will be exempt.
The maximum surcharge, of 41%, will affect Syrian products. Switzerland steps on his heels with 39%.
Algeria is attached to 30%, Bangladés to 20%and the 40%.
In Latin America, Washington increased from 10% to 15% surcharges for Costa Rica, Bolivia and Ecuador and kept intact those planned in April for Venezuela (15%) and Nicaragua (18%).
Brazil
In the case of Brazil, Trump’s measures are openly political and cancel long -standing commercial ties.
The South American giant appears with 10%, although its imposition was delayed from August 1 to 6 and products such as orange juice and civil planes were exempt.
On Wednesday, the Republican government announced that in the case of Brazil to this universal minimum tariff will add 40 percentage points (PP), which adds 50%, mainly due to the trial against former ultra -rightist president Jair Bolsonaro, accused of intentone coup.
Extension for Mexico
Trump also said that he will delay 90 days the imposition of additional tariffs on Mexican imports, which were exposed to supplementary surcharges of 30%.
Therefore the situation remains unchanged: Mexico will continue to pay the 25% tariff that imposed it to encourage it to combat fentanyl traffic, 25% to cars and loose parts that do not come from the United States, 50% to steel and aluminum and from Friday 50% to copper.
The products included in the North American Free Trade Agreement (T-MEC), which it shares with the United States and Canada, are protected from surcharges, that is, their vast majority.
According to the US president, Mexico “agreed to immediately eliminate his numerous non -tariff commercial barriers.” He did not detail them.
Canada
Tariffs on Canadian products go from 25% to 35%, except the goods protected by the T-MEC.
“Canada has not cooperated to curb the constant flow of fentanyl and other illicit drugs, and has retaliates against the United States,” the White House regretted in a document.
Trump had warned of commercial consequences for Canada after Prime Minister Mark Carney announced his intention to recognize a Palestinian State in the UN General Assembly in September.
“Wow! Canada has just announced that it supports the creation of a state for Palestine, ”Trump wrote in Truth Social. “That will make it very difficult for us to make a commercial agreement with them,” he added.
With information from Swissinfo.ch
*Also read: Washington formalizes 50% tariffs against Brazil and increases pressure on justice
*Journalism in Venezuela is exercised in a hostile environment for the press with dozens of legal instruments arranged for the punishment of the word, especially the laws “against hatred”, “against fascism” and “against blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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