United States president Donald Trump, This Thursday has approved a measure that consists of the so -called “reciprocal tariffs” To other countries or blocks, as is the case of the European Union. This gives Washington the possibility to respond with extra rates for example, as a response to the VAT that the EU applies in exchangesan element that Trump considers “a barrier” although not tariff. Of course, it has not given deadlines on when these steps can enter into force and it is possible to become a negotiation element in the future.
“I have decided that, for reasons of justice, I will impose reciprocal tariffs, which means that What a country makes the United States pay, we will charge them the same, neither more nor less“Trump said in the signing of these new decrees in the Oval Office.
The new tariffs will not immediately take effect, but within a period of “weeks” or “months”, and the first In being punished they will be those with a higher commercial deficit with the United Statesaccording to a senior official before the signing of the memorandum. “Everyone has taken advantage of the US and we have paid a high price. For them and treat us fairly, “Trump said.
The document signed by Trump focuses on two aspects that, according to him, have generated “unfair” treatment for the United States in international trade: tariffs imposed by other countries to US exports and The so -called “non -tariff barriers”, ranging from regulations to rates for currency change.
Each nation will face custom tariffs, according to the aforementioned official. A 10% or 25% uniform rate will not apply, but The administration will establish specific rates based on tariffs and commercial “barriers” that each nation imposes on the US.
The president was especially critical of the European Union, which he accused of being “absolutely brutal in commerce” and to impose what he described as “an undercover tariff” through VAT (Value Added Tax), which varies between 17% in Luxembourg and 27% in Hungary. “There is a reason why Germany sells more cars than we sell them, and it is not because of the quality of manufacturing or American design. It is simply for unfair commercial practices, and that is lethal. It is a hidden tariff,” Trump said.
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