Since in April a commercial war unleashed, the US president, Donald Trump has achieved, in the absence of one day to expire the tariff truce that he himself has been delaying, a dozen pacts with important partners, although economies of weight such as India, Canada or Brazil have not sealed agreements and are exposed to high grava.
April 2: Trump announces a global tariff rate of 10% for all imports and adds additional volumes that qualifies as “reciprocal” on most commercial partners.
April 9: Given the turbulence that affects the performance of US debt, pause 90 days the “reciprocal tariffs”, although it maintains 10% generalized. Instead, it increases levies to China.
April 11: This rise in tariffs against China generates a mutual escalation that ends Washington by imposing 145% rates to Chinese products and with Beijing applying customs barriers of 84% against US merchandise.
May 3: 25% American tariffs enter into force for cars.
May 8: The United Kingdom and the US agree a new commercial framework with tariff exemption fees for British vehicles or components in exchange for greater access for US agricultural products.
May 12: The United States and China announce a 90 -day truce in Geneva (Switzerland). American import tariffs to China drop out from 145% to 30% and the Chinese for the EU go from 125% to 10%.
May 23: Trump, frustrated with the march of negotiations with Brussels, threatens to apply a 50% tariff to EU imports since June 1.
May 25: After talking with the president of the European Commission, Ursula von der Leyen, the US President delays the deadline to reach an agreement to July 9.
May 28-29: A Federal Court in the US blocks the application of the “reciprocal tariffs”, but an appeal court provisionally restores the case.
June 3: Trump double tariffs on steel and aluminum up to 50%.
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Trump’s commercial war: 120 days plagued by threats, truces and tariff pacts
June 10: Beijing and Washington meet in London and agree on a “framework” to implement the consensus reached in May and a pact on export of strategic goods, such as rare and semiconductors.
July 2: EU announces agreement with Vietnam, which will pay a 20% and 40% tariff in the case of merchandise transfers, mainly Chinese, through its territory.
July 7: Trump sends cards stipulating tariff levels between 25% and 30% to Japan, South Korea, Kazakhstan, Malaysia, Tunisia, Bosnia-Herzegovina, Indonesia and Serbia. The letters stipulate that without agreement before August 1, the levies indicated in the missives will be applied as of that date.
July 8: Trump sends additional letters to Bangladesh, Cambodia, Laos, Burma and Thailand with ranges ranging from 35% to 40% who, without agreement, will enter into force on August 1.
July 9: The president sends a letter to Brazil threatening with a 50% tariff since August and admits that his warning responds to what, in his opinion, is a “witch hunt” against former president Jair Bolsonaro, ally of his ally.
July 10: The Republican announces in Truth Social that plans to impose 50% tariffs on copper since August.
July 12: Trump sends letters to Mexico and the EU informing them that without agreements before August 1, tariffs of 30%will be applied. In the case of Mexico, the decision responds to the country’s efforts to combat fentanyl traffic, which in their opinion are insufficient.
July 27: Trump meets von der Leyen in Scotland and an agreement is announced by which EU will tax European imports with a rate of 15% and the EU undertakes to acquire 750,000 million dollars in US energy and make investments valued at 600,000 million dollars.
July 28-29: EU and China close in Stockholm their third round of negotiations without agreement, but with the willingness to extend its tariff truce, which expires on August 12.
July 30: The president announces that he will apply 25% tariffs to India, in addition to penalties to trade with Russia, since August. That same day ratifies the tariffs of 50% to Brazil (which will enter into force on August 6) and the copper, although the cathodes of this metal that export countries like Chile are exempt. Hours later announces a pact with South Korea, whose exports will load with a rate of 15%, and another with Pakistan that does not detail.
July 31: In the absence of a day for the entry into force of tariffs, Trump grants Mexico a new 90 -day truce. It also warns the Canadian government that the recognition of the Palestinian State that plans OTTAWA hinders an agreement.
With EFE information.
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