What are the rates, which countries are addressed and prices will increase?

The president of the United States, Donald Trump, says that he will announce tariffs on all imports of steel and aluminum to the US., While reinforcing the commercial relationship of the United States with the world.

The measure could have a particular impact on neighboring Canada, which is the largest aluminum supplier for the United States. Trump has also threatened to introduce tariffs on a later date on other Canada products, as well as in Mexico.

It has already introduced a 10% tax in all products that enter from China, which has responded with its own measures.

The president of the United States says that these import taxes are necessary to help the economy of the United States and “protect” the country from illegal immigration and drug flow. Economists say that Americans could increase.

Tariffs are taxes charged for goods imported from other countries.

Companies that import foreigners pay tariffs to the United States government.

Trump has introduced a 10% rate in all China’s assets. Therefore, a product worth $ 10 would have an additional charge of $ 1 applied.

The president originally said that he would impose a 25% rate on the assets of Canada and Mexico, but then agreed to stop them after both countries agreed to boost border security.

Charge a percentage of the value of a product is the most common type of rate. Another type imposes a fixed figure on imports, whatever their value.

Trump is fulfilling a campaign promise to introduce import tariffs against some of the closest commercial partners in the United States.

He argues that tariffs will boost the manufacture of the United States and protect jobs, for example, in the American steel industry, as well as tax revenues and economy growth will increase.

He has also tried to justify tariffs on metals, which he also introduced during his first mandate, as a national security problem.

Trump also says that he is using tariffs to “fight the scourge of the fentanyl”, a powerful drug that causes tens of thousands of deaths due to overdose in the United States every year.

His administration says that chemicals used to make the drug come from China, while Mexican gangs are illegally and have fentanyl laboratories in Canada.

The Canadian Prime Minister Justin Trudeau, has said that less than 1% of the fentanil that enters the United States comes from his country.

Together, China, Mexico and Canada represented more than 40% of imports in the USA. Uu last year, making them some of Trump’s most valuable commercial partners.

Porcelain

A 10% position on all assets imported from China to the US. Uu. It entered into force on February 4.

Beijing retaliates with his own tariffs that entered into force on February 10. These include a 15% tariff on the US coal and liquefied natural gas products, and a 10% rate on crude oil, agricultural machinery and large motor cars.

China has repeatedly expressed its opposition to a new commercial war of the type that developed between the two countries during Trump’s first presidency.

Canada

Trump paused for 30 days a 25% proposed rate in all the goods that enter from Canada, which should also begin on February 4.

Canada also stopped its own 25% retaliation rate in the value of Canadian dollars of 155 billion ($ 107 billion; £ 86 billion) of US imports.

In exchange for Trump’s pause, Canadian Prime Minister Justin Trudeau said that Canada was implementing a “border plan of $ 1.3 billion” to add “new helicopters, technology and personnel to the border”, as well as “an increase of resources to stop the Fentanyl flow. “

Much of the Border Security Plan had already been announced in December.

Trump said the delay would allow the United States to see “whether or not you could reach a final economic agreement with Canada.”

Mexico

25% proposed rates against Mexico have also been delayed one month, as well as Mexico’s measures against US assets.

The president of Mexico, Claudia Sheinbaum, agreed to send 10,000 members of the National Guard to the border between the United States and Mexico to “avoid drug trafficking, particularly fentanyl.”

President Sheinbaum said that the United States had agreed to increase measures to avoid high -power American arms trafficking in Mexico.

During Trump’s previous time in office, he applied less restrictive tariffs about China. This time, tariffs seem to apply to all the assets of China.

If the measures against the goods of Mexico and Canada finally continue, a variety of articles are expected to become more expensive.

Automobile manufacturing could withstand the worst part of the effects of tariffs.

The parts of the vehicle cross US, Mexican and Canadian borders several times before a vehicle is completely assembled.

The average price of the American car could increase by $ 3,000 due to import taxes, the financial analyst TD Economics suggested.

Other products from Mexico that could be affected include fruits, vegetables, liquors and beer.

Canadian products such as steel, wood, grains and potatoes also become more expensive for US consumers.

Canadian energy would argue 10% instead of 25%.

Trump previously told the BBC that the United Kingdom was acting “offline”, without giving more details, but suggested that “a solution could be” resolved. “

The United Kingdom Secretary of the United Kingdom Jonathan Reynolds said that the United Kingdom should be excluded from tariffs because the United States exports more products to the United Kingdom than imports.

The United Kingdom exports pharmaceutical products, cars and scientific instruments to the United States.

Trump has also said that he could impose tariffs on the EU “very soon”, because “they take almost nothing (of the United States) and we remove everything.”

Last year, the United States had a commercial deficit of $ 213 billion with the EU, which Trump described as “an atrocity.”

The EU has said that “would firmly respond” to any tariff. American companies Harley Davidson, who manufactures motorcycles, and whiskey distilleries such as Jack Daniel’s have previously faced EU tariffs.

Economists have warned that tariffs are likely to increase prices for US consumers.

For example, sellers can increase the price of goods that are importing if they are forced to pay higher tariffs.

From 2018 to 2023, tariffs on imported washing machines saw the price of the laundry team by 34%, according to official statistics, before falling once the tariffs expired.

Some experts suggest that these new rates could cause a broader commercial war and exacerbate inflation.

Capitol Economics has said that the annual inflation rate could increase from 2.9% to 4% due to newly announced rates.