Tariffs applied by the US around the world, the map
New US tariffs on products from dozens of global economies have just gone into effect, starting midnight in Washington (6:00 AM this morning in Italy). These tariffs will replace existing tariffs for the affected economies. The goal is to rebalance trade between the US and its partners, which, according to Tycoon Donald Trump, "benefit" from the world's leading economic power. But how high are the tariff rates applied by the United States worldwide?
The tariffs introduced, according to an official White House statement , fall within a wide range, between 15% and 41% . The EU, Japan, and South Korea, which are among the US's main trading partners, are now subject to a rate of at least 15% . European stock markets are taking action, and Frankfurt in particular is gaining momentum, also weighing hopes of a truce between Russia and Ukraine, with the Kremlin having confirmed a summit between Putin and Trump in the coming days. However, the chip issue remains: the US president has announced his intention to impose 100% tariffs on chips and semiconductors, without specifying, for now, the date these new measures would come into effect. "We will impose significant tariffs on chips and semiconductors, around 100%," he declared from the White House. "This is good news for the companies that produce them in the United States." The European Union is also trying to obtain a tariff exemption for one of its key sectors, wine.
The BRICS, the grouping of economies comprising Brazil, Russia, India, China, and South Africa (which joined in 2010), are also moving within this scenario. Brazilian President Celso Amorim confirmed the phone call between President Luiz Inácio Lula da Silva and Indian Prime Minister Narendra Modi. The call is scheduled for today to discuss the increase in US tariffs. Chinese leader Xi Jinping is expected to be contacted next. According to local media reports, Lula is considering a coordinated response by the BRICS to the US tariffs , a topic also discussed at the leaders' summit in Rio de Janeiro in July.
In these tense times, President Trump's statements were not long in coming. He posted on his social media platform, Truth, the following: " Billions of dollars, largely from countries that have enthusiastically profited from the United States, will begin flowing into the United States ."
For further information.
Farewell to America's billion-dollar natural disaster database
“Trumpcession”: numbers and graphs of the recession that scares America.
ilsole24ore
