The president of the United States, Donald Trump, continues with his attempt to correct the chaos of a commercial war marked by the sway and the uncertainty in the imposition of tariffs, some flyers caused by fear and tension in the markets and complaints of large companies.
The last decision has been the tariff relief to the automobile sector, in an agreement with manufacturers to modify the 25% tariff on some imported pieces, coinciding with the celebration of the first hundred days of its second term and through an executive order.
According to the decree, if these parties represent 15% of the total value of a car mounted on the US and the tariff on these pieces is 25%, the federal government will apply an equivalent loan 3.75% of the total value of the vehicle for assemblies from April 3 of this year until April 30, 2026, and 2.5% for the assembly until the end of April 2027.
To that, he added another action: another executive order to avoid the accumulation of tariffs on the same product, which mainly affects certain Canadian and Mexican products, as well as imports of aluminum and steel derivatives.
Return to tariff threat policy
The electoral promise of recovering the tariff policies of his first term began within a few days of taking possession, on February 1, when he signed the executive orders to rate the goods of their neighbors (Mexico and Canada) and 10% to those of its main objective in the commercial war, China.
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Mexico and Canada, which accuses of not controlling its border in their migratory flows or in drugs such as fentanyl, saw as two days later Trump pausaba for a month the wave of tariffs; China responded with reciprocal tariffs between 10% and 15%.
Days later, 25% tariffs would arrive in steel and aluminum – which entered into force a month later – and on February 13 another great announcement would arrive: the memorandum to impose “reciprocal tariffs” to countries that tax American products, with the European Union (EU) among the main victims.
The 27 responded a day later with the threat of a “firm and immediate” reaction for considering these totally “unjustified” tariffs.
March began with an advertisement of tariffs on imports of agricultural products, the entry into force of the tariffs announced a month before, and the first reverse: the delay of one month of the tariffs to the automobile sector of Mexico and Canada, and of the Canadian products covered by the Free Trade Agreement.
In the middle of the month, the EU promoted countermeasures valued at 26 billion euros, in US imports, an attack that Trump responded with the threat of rateing 200% to the wine and the rest of the alcoholic beverages from the EU, in retaliation by the plans of Brussels to tax the imports of US whiskey.
The European Commission postponed that batch of tariffs to open negotiation routes.
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A contained ‘liberation’
The key moment would arrive on April 2, defined as the “ECUPORTMENT DAY” of the US; Trump imposed a 10% universal tariff on US imports, with additional surcharges to 57 countries, including rates that reached 34% in China and 20% to the EU. The main commercial partners responded immediately with countermeasures.
That decision was the definitive trigger for the commercial war and so the bags were known, with historical falls and dread in the parcars. The debt market was also resented, and the economic forecasts of the main agencies augured a significant setback from the US and world economy.
Before the world chaos awakened, on April 9 (only one week after the ordinance that unleashed the storm), Trump gave a partial truce of 90 days to the global commercial war, temporarily eliminating the universal tariff of 10%.
A few days ago, the US president said that, once the 90 -day tariff truce can come, an extension was unlikely, and that in this period he should reach agreements with other countries; The former could be Japan and India.
To this we must add the surgical measures that Trump has applied to the dread of large companies and the risk of affectation to key supply chains. In addition to the aforementioned rectification in the automotive sector, in mid -April the Republican exempted his “reciprocal tariffs” devices and electronics.
China endures the order
Where there is no truce is in the fight with China, which decided to endure the type and matched the tariffs at 34%, while urging the WTO to investigate the Trump administration’s performance. A series of strips and loosers began between Washington and Beijing: the Republican’s ultimatum did not take effect and on April 8 imposed tariffs from 104 to China.
The Chinese government responded again, raising its rates to 84%; The United States redoubled their attack by raising them to 145%. Days later, Beijing reached tariffs up to 125%.
Trump has already maintained in his first presidency (2017-2021), a tense relationship with Beijing by imposing several batches of rates worth about 370 billion dollars annually, to which China responded with taxes to US exports.
This time, the Chinese government seems to feel in a stronger position, and it does not seem that Washington will keep the pulse forever. Especially when the secretary of the Treasury, Scott Besent, has confessed that the commercial war, in the current terms, is “unsustainable”, and Trump himself has recognized that the tariffs to China’s products were going to lower “substantially”, always prior to negotiations that are not being produced at the moment.
With EFE information
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