The US president, Donald Trump, signed on Tuesday an executive order that seeks to avoid the accumulation of tariffs on the same product, as part of a decalsed in the imposition of taxes that have hit their popularity 100 days after being back in the White House.
“I have determined that, to the extent that these tariffs are applied to the same article, they should not have a cumulative effect (or accumulate) because the tariff rate resulting from said accumulation exceeds what is necessary to achieve the expected political objective,” Trump said in the decree.
Specifically, the president’s order establishes a procedure to determine which of the multiple tariffs will apply to an article when it is subject to more than one of the established taxes.
Lee: Trump announces tariff relief for car manufacturers in the US
The decree signed on Tuesday favors certain Canadian and Mexican products affected by the imposition of tariffs to address the flow of illicit drugs by the northern border.
Imports of articles derived from aluminum and steel to the United States will also be favored by the order issued by the president when he addressed Michigan to give a speech for his hundred days of his second term.
At the same time in this order, Trump announced an agreement with car manufacturers in the US to relieve tariffs over the next two years, as part of their strategy to help the sector.
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“We only wanted to help you during this small transition, in the short term. If they don’t get pieces, we didn’t want to penalize them,” Trump told the press on the presidential plane.
These sales would apply to both national and foreign companies with car factories in the US, as long as the final assembly of the car takes place in the country.
With EFE information
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