US President Donald Trump’s new tariffs on dozens of countries around the world have come into effect.
Trump said in Social Media before midnight Washington DC, “It’s midnight !!!
Previously, the president hit India with a 50%tariff, which is applied on August 27 unless he stops purchasing Russian oil.
Trump also threatened 100% tariffs on foreign computer chips, forcing technology companies to invest in the United States. Apple came out when the White House was under pressure to move more to the United States, and announced its new $ 100 billion US investment.
Last week, the Trump administration announced three modified revenue for dozens of trading partners and extended the deadline for the state to sign a contract with the United States until August 7.
The state is racing to attack Washington’s deals with Washington to lower or scrap what Trump calls “mutual tariffs.”
His trade policy aims to reconstruct a global trading system that is considered unfairly handling the United States.
Southeast Asia’s export dependence economy was the most difficult due to new tariffs.
The manufacturing -oriented LAOS and Myanmar faced the highest charges with 40%. Some experts appear to be targeted by a country with Trump in a close trade relationship with China.
Some major economies, including the UK, Japan and Korea, have already reached an agreement to get lower tariffs than Trump threatened in April.
The European Union also hit a framework transaction with Washington, and Brussels accepted a 15%tariff on the product of the trading block.
Taiwan, the major Washington ally of Asia, received a tariff of 20%. President Lai China said that this ratio is “temporary” and the dialogue with the United States is still in progress.
Last week, Trump said that he raised Canada’s tariffs from 25%to 35%and “could not cooperate” to suppress the flow of pentanil and other drugs across the US border. The Canadian government says it is cracking down on drug gangs.
However, most Canadian exports will avoid import taxes due to existing trade treaties, US-Mexico-Canada Contract (USMCA).
Mexico’s high tariffs stopped for 90 days as negotiations continued to trade.
Wednesday, Trump said it would impose 100% tariffs on semiconductors abroad.
Major college members who have invested considerable investments in the United States appear to have avoided new tariffs. Taiwanese and Korean officials said that TSMC, SK Hynix and Samsung will be exempt from new charges.
The White House did not immediately respond to the BBC request request.
The BBC also contacted SK Hynix and Samsung. TSMC refused to comment.
On Wednesday, Trump also pushed the world’s third largest energy importer to suspend oil purchases in Russia, raising India’s total tariffs to 50%.
New Delhi called this movement “unfair, unreasonable, unreasonable” and vowed to protect the interests of the state.
Brazil’s US exports also face 50%tariffs. Trump imposes a prosecution of former President Luizura Lula Da Silva in a unfair attack of an American technology company and attempted to have attempted a coup d’etat as “witch hunting.”
The United States and China had a series of talks, attempting to agree to extend the 90 -day tariff on August 12.
