The president of the United States, Donald Trump, announced Monday the imposition of Tariffs to imports of agricultural products from April 2 “To the great farmers of the United States: prepare to start producing much more agricultural product to sell within the United States. Tariffs will be applied to external products on April 2. Functions!” He wrote on his social network, social truth. Trump did not specify which products will be subject to new tariffs or if there will be tailored exceptions.
The president has qualified several times the tariffs like “the most beautiful word in the dictionary” And he has used them as a negotiation tool, both in his first term (2017-2021) and in the current one, to obtain concessions in commerce, migration and security.
From his return to the White House on January 20, Trump has announced tariffs against several countries, although he even savesONE HAS APPLIED ONE: February 4 imposed a 10% tax on Chinese imports. Tomorrow, Tuesday, it plans to apply another tariff of another additional 10% to Chinese products, thus raising the 20% tax burden on those goods. These measures are added to the taxes imposed during their first mandate on more than 300,000 million dollars in Chinese products, which are mostly in force.
25% rate for Mexico and Canada
Trump also said that he still intends to impose 25% tariffs on Canada and Mexico, despite the fact that his secretary of Commerce, Howard Lutnick, said he was still debating how they would apply. “Very important: Tomorrow the 25% tariffs on Canada and Mexico will begin. So they will have to assume a tariff, “Trump told the press at the White House. He has also announced new 25% tariffs on steel and aluminum, whose entry into force is scheduled for March 12.
Finally, in February Trump announced the imposition of “Reciprocal tariffs” to countries that take American products Or apply what Washington considers as some type of barrier, with the aim of equalizing the rates that these nations apply to exports from the United States and with European Union (EU) among the main affected. There is still no date for the entry into force of these tariffs, since the first step will be the preparation of a report that analyzes the rates and measures applied by each country. This document will be delivered to the President, who will make the final decision.
