US President Donald Trump ignited a potentially ruinous trade war Wednesday as he slapped sweeping 10 percent tariffs on imports from around the world and harsh additional levies on key trading partners.
Speaking in the White House Rose Garden against a backdrop of US flags, Trump unveiled particularly stinging tariffs on China and the European Union on what he called "Liberation Day."
Trump's tariffs triggered immediate anger, with US ally Australia blasting them as "unwarranted" and Italy calling them "wrong," while other countries have already vowed retaliation.
"For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike," Trump said.
Italy's Giorgia Meloni and Australia's Anthony Albanese are among the world leaders who have come out in criticism of US President Donald Trump, after he announced far-reaching import taxes on products from across the globe.
Meloni called a 20% tariff rate imposed on the European Union "wrong", while Albanese said a 10% import tax on Australia's goods was "unjustified."
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Russia is not included in the list of the 185 countries, subject to US customs duties under the principle of reciprocity.
ReplyDeleteThe list of nations, whom Washington suspects of using protectionist measures against US goods, was sent to journalists by the White House in connection with US President Donald Trump’s speech.
The document mentions a number of former Soviet republics. For example, the US will charge 27% duty on goods from Kazakhstan, which earlier introduced a 54% tariff on US goods, and 31% - from Moldova (61%). Goods from Azerbaijan, Armenia, Georgia, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan will be subjected to 10% tariff.
US Secretary of the Treasury Scott Bessent said Russia was not included into the list, because US sanctions have de-facto stopped bilateral trade.
The introduction of new customs tariffs will allow the United States to quickly repay its state debt, US President Donald Trump said.
ReplyDelete"Now it's our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt, and it will all happen very quickly," Trump said.
In his words, the measures will "supercharge our domestic industrial base."
The US state debt currently exceeds $36.2 trillion. According to Congressional Budget Office’s estimates, it may exceed $50 trillion in 2034.
A commentary piece in China's state-run news agency Xinhua said Washington's "rampage" amounted to "self-defeating bullying" and an "oversimplistic tit-for-tat game".
ReplyDeleteTrump reserved some of the heaviest blows for what he called "nations that treat us badly," including 34 percent on goods from superpower rival China, 20 percent the European Union and 24 percent on Japan.
ReplyDeleteUS President Donald Trump did not impose trade tariffs on goods from Russia, Belarus, Cuba, and the DPRK, since these countries are already under US sanctions, White House Press Secretary Karoline Leavitt told the Axios portal.
ReplyDeleteUrsula von der Leyen ha proposto agli Stati Uniti zero dazi reciproci sui beni industriali, ribadendo comunque che l'Unione europea è "pronta a contromisure"
ReplyDeleteTrump afferma che imporrà ulteriori dazi del 50% alla Cina se entro mercoledì la misura di ritorsione di Pechino non verrà ritirata
ReplyDeleteLa Cina annuncia dazi del 34% su tutti i prodotti statunitensi
DeleteТрамп пригрозил Китаю дополнительными пошлинами в 50% с 9 апреля, если КНР не отменит ответные меры на тарифы.
DeleteTrump amenaza a China con aranceles adicionales del 50% si no da marcha atrás en las medidas de represalia
Delete"Si China no revierte su aumento del 34% para mañana, además de sus abusos comerciales de larga data, Estados Unidos impondrá aranceles adicionales del 50% a China el 8 de abril de 2025, que entrarán en vigor el 9 de abril", escribió Donald Trump en la red Social Truth.
US President Donald Trump threatened China with additional 50% tariffs from April 9 if Beijing didn’t cancel its retaliatory measures against earlier US trade curbs.
Delete"Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set," he wrote on the Truth Social media platform.
"Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th," he went on to say. "Additionally, all talks with China concerning their requested meetings with us will be terminated!" Trump continued.
"Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!" the US president said.
Canada has requested WTO dispute consultations with the United States over President Donald Trump’s decision to impose a 25 percent duty on cars and car parts from Canada, the World Trade Organization said on Monday.
ReplyDeleteAudi is suspending car deliveries to the US due to tariffs imposed by Trump, Der Spiegel reports, citing a company spokeswoman.
ReplyDelete"All cars that arrived in the US after April 2 must be held and will not be handed over to dealers," the article notes.
The European Commission (EC) has proposed introducing retaliatory tariffs of 25% on industrial goods from the United States from April 16, Reuters reported citing a confidential EC document sent to EU member states for approval.
ReplyDeleteThe agency claims that the EC has removed whiskey from the list of goods subject to import duties.
The EC intended to impose a 50% duty on whiskey, to which US President Donald Trump threatened a 200% tariff on all European alcohol, which would hit the agricultural sector of Italy, France and other southern EU countries especially hard.
Guerra dei dazi, la Commissione Ue propone tariffe del 25% su beni Usa dal 16 maggio. La decisione il 9 aprile.
ReplyDeleteSouth Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump’s tariffs on a sector that has seen years of sharply rising exports to the United States.
ReplyDeleteThe measures include financial support for automakers as well as tax cuts and subsidies to boost domestic demand, while the government also vowed efforts to negotiate with the US and help expand markets.
DeleteChina will set extra duties on all the products imported from the United States from April 10, the tariffs committee under the China’s State Council said.
ReplyDeleteThe measure was taken in response to the increase of tariffs on Chinese products by US President Donald Trump.
China is against the bullying policy pursued by the White House and will not start trade consultations with Washington until the US fulfils the required conditions for the dialogue, official spokesperson of the Chinese Foreign Ministry Lin Jian said.
Donald Trump said that the United States will immediately increase trade tariffs on China to 125%, he reported this on social media.
ReplyDeleteTrump setzt die reziproken Zölle für 90 Tage aus. Die Zölle auf chinesische Waren erhöht er hingegen auf 125 Prozent. China reagiert mit Gegenzöllen in Höhe von 84 Prozent.
ReplyDeleteТрамп приостанавливает пошлины: на 90 дней вводится единый тариф в 10% для всех стран, за исключением Китая. Для Китая пошлины повышены до 125% «в ответ на демонстрацию неуважения со стороны Пекина».
ReplyDeleteTrump declares 90 day ‘reciprocal’ tariff pause, except for China
ReplyDeleteChina will see even higher levies.
Dazi reciproci, Trump annuncia una pausa immediata di 90 giorni per tutti i Paesi, ad eccezione della Cina, i cui dazi saranno aumentati al 125%. Wall Street festeggia: +6% DJ, +7% SP500, +8% Nasdaq.
ReplyDeleteΟ Τραμπ παγώνει τους δασμούς κατά πάντων για 90 ημέρες και αυξάνει της Κίνας στο 125%
ReplyDeleteThe European Union has frozen tariff countermeasures against the United States for 90 days to "give negotiations a chance," the European Commission President Ursula von der Leyen wrote on the social network X.
ReplyDelete"We took note of the announcement by President Trump. We want to give negotiations a chance. While finalizing the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days. If negotiations are not satisfactory, our countermeasures will kick in," she wrote.
Von der Leyen also confirmed that the EU officials will continue to work on the second package of EU tariffs.
The European Union will suspend retaliatory tariffs on the US in response to Donald Trump’s decision yesterday to pause sweeping duties on most US trading partners, Ursula von der Leyen said in a statement on Thursday.
Delete"While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days," von der Leyen said, adding: "If negotiations are not satisfactory, our countermeasures will kick in."
Von der Leyen noted that the European Commission will continue working on its response to the US 25% tariff on automobiles and 10% "universal" levy that still remain in force.
"Preparatory work on further countermeasures continues," she said, adding that "all options remain on the table".
La UE anuncia una pausa de 90 días en las contramedidas a los aranceles de EEUU
ReplyDelete✍️ Bruselas "ha tomado nota" del anuncio de Donald Trump de suspender la imposición de aranceles a la Unión Europea, ya que quiere "dar una oportunidad a las negociaciones", escribió en la red X Ursula von der Leyen.
No obstante, la jefa de la Comisión Europea afirmó que "continúan los trabajos preparatorios" sobre nuevas contramedidas.
Trump hat die Zölle auf Waren aus China auf 145 Prozent erhöht , berichtet CNBC
ReplyDeleteUS tariffs on Chinese imports now total 145% after President Trump dramatically increased import duties this week, a White House official confirmed
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