The president of the United States, Donald Trump, announced last Wednesday 10% tariff implementation Based to all products manufactured outside the borders of the North American country, plus an additional percentage depending on the product and the place of origin.
In the case of the European Unionthese are 20%, which It is an extra cost to products from the old continent. The application of rates by the White House to European products He has tremble the economy of countries such as Spain or Germany. Specifically in our country, sectors such as agriculture and the production of components for engines will be the most affected.
When will Donald Trump’s rates come into force?
The application of tariffs will vary. Cars that have been manufactured outside US borders will have rates of the 25% from April 3. Rate that will hit countries like Germany, France or Japan.
In the case of Spainthese will apply among this next Saturday 5 and April 9. This Saturday will apply the minimum universal tariff of 10%while the day 9 The extra percentage of 10% will be taxedcataloged as reciprocal tariffs.
As of these days, Spanish products in the United States will live an extra cost and a loss of competitiveness with respect to American productions. Some articles such as olive oil, various fruits and vegetablesor engines components for US cars will be some of the products most affected by rates. Precisely the latter will be the ones that will soon harm the price increase, since the tariffs designed for electronic components will enter into force in May.
The Trump administration wants with these measures to protect and reinforce the products produced within its borders, although the immediate impact involves the fall of Wall Street and an increase in inflation in the country.
