Trump’s new radical rates take effect against dozens of countries

The new prices of US President Donald Trump on more than 90 countries around the world have entered into force.

“It is midnight !!! The billions of dollars in prices now take place in the United States of America!”, Said Trump on social networks a few minutes before the deadline in Washington, DC.

Earlier, the president struck India with a 50%rate, which will take effect on August 27 unless he keeps buying Russian oil.

Trump has also threatened a 100% price on computer flea-made abroad while pushing technological companies to invest in the United States. It came then that Apple announced a new American investment of $ 100 billion (75 billion pounds sterling) after being under pressure from the White House to move more production in America.

Last week, the Trump administration announced a revised list of import taxes on dozens of business partners and extended a deadline for countries to conclude agreements with the United States in August 7.

Countries have run to conclude agreements with Washington to reduce – or delete – which Trump calls “reciprocal rates”.

His trade policies aim to reshape the global trade system, which he considers that the United States is unjustly.

The savings dependent on export in Southeast Asia were among the hardest affected by the new prices.

Laos focused on manufacturing and Myanmar has faced some of the highest 40%samples. Some experts have said that Trump seems to have targeted countries with close trade with China.

But the last set of prices will offer countries a certain stability after months of chaos, said economist Bert Hofman from the National University of Singapore.

“It’s supposed to be. Now you can start analyzing the impact of prices.”

Some major economies – including the United Kingdom, Japan and South Korea – have already concluded agreements to obtain lower prices that Trump threatened in April.

The European Union also concluded a framework agreement with Washington, in which Brussels accepted a 15% tariff on the goods of the commercial block.

Taiwan, a key ally of Washington in Asia, received a tariff of 20%. Its President Lai Ching-Te said that the rate was “temporary” and that discussions with the United States are still underway.

Last week, Trump increased the rate of price on Canada from 25% to 35%, saying that the country had “not cooperated” to limit the fentanyl flow and other drugs through the American border. The Canadian government says it is raging on drug gangs.

But most Canadian exports to the United States will dodge import tax due to an existing commercial treaty, the United States-Mexico-Canada (USMCA) agreement.

Higher prices on Mexico have been interrupted for an additional 90 days while negotiations continue to conclude a trade agreement.

Trump said on Wednesday that he would impose a 100% rate on semiconductors made abroad.

Large flea manufacturers who have made significant investments in the United States seem to have dodged the new price. Government officials of Taiwan and South Korea said in separate declarations that TSMC, SK Hynix and Samsung are exempt from the new sample.

The White House did not immediately respond to a request for clarification of the BBC.

The BBC also contacted SK Hynix and Samsung. TSMC refused to comment.

Also on Wednesday, Trump increased the total rate on India to 50% while he pushes the third largest importer of energy in the world to stop buying Russia oil.

New Delhi described the “unfair, unjustified and unreasonable” move and promised to protect his national interests.

This decision marks a “net change” of Trump’s approach to Moscow which could arouse concerns among other countries in talks with the United States, said Farhan Badami market analyst of the financial services company Etoro.

“There is the possibility here that India is only the first target that Trump intends to punish to maintain trade relations with Russia.”

Brazil exports to the United States also face a 50%rate. Trump imposed the levy after accumulating President Luiz Inacio Lula Da Silva of having unjustly attacked American technological companies and called the former president Jair Bolsonaro for having pretended a coup d’etat a “witch hunt”.

The United States and China organized a series of conferences when they were trying to agree on an extension of a 90-day price break which is expected to expire on August 12.