US president Donald Trump signed on Wednesday Regulation imposing ‘cross-duty’ at a rate of at least 10% for goods imported from abroad. For the European Union it is 20%, Japan – 24 percent, India – 26 percent, South Korea – 25 percent. For China, this is 34 percent, which means that The rate of work on products from this country will increase to 54%., since the fresh tariff adds up to the duties previously imposed.
"The marketplace consequence is clear – such action will lead global economies to the brink of recession, and in peculiar its hazard increases for the US" - stated the Department of marketplace Analysis of the Brokerage home of the Bank for Environmental Protection S.A. (DM BOŚ) in a Thursday communication.
As reported, Treasury Secretary Scott Bessent admitted that The president of the United States is not planning to rise the stakes any moreunless the countries respond with feedback. Due to this announcement, further escalation of trade wars is possible – analysts assessed. On the another hand, Bessent pointed out that Trump would be ready for negotiations and bilateral agreementsto reduce fresh loads, they indicated. However, the introduction of specified a script could take weeks or even months," stressed DM BOŚ and added that Trump could anticipate something "extra" in return, as it would be a talk "from the position of force" on the part of the US.
The US imposes fresh duties. Polish politicians comment
Shortly after Trump announced the duties, the decision was commented by leaders of many countries, including Australia, Japan, China, Britain, Italy. consequence to US tariffs announced European Commission president Ursula von der Leyen.
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The work will be payable 70% of EU exports to the US, and the full customs duties that the United States will collect from EU exports, From €7 billion to just over €81 billion – announced the EU origin on Thursday.
"Friendship means partnership. Partnership means real and actual common duties. Appropriate decisions are needed," wrote Prime Minister Donald Tusk on platform X.
In turn, the Minister of National Defence Władysław Kosiniak-Kamysz assessed that the introduction of duties was ‘raising the negotiating bar’ between the U.S. and the counterparties, but, in his opinion, "the final will be positive".
Customs did not cover Russia, and the White home pointed out that sanctions had already been introduced to this country, which inactive “disable any crucial trade”.
Donald Trump's duties. Media: A blow aimed at the poorest
New US president Donald Trump duties They'll hit the poorest countries in the world.including Cambodia, Laos, Bangladesh and Myanmar – alerted Bloomberg's agency on Thursday.
The largest rate of work among Asian countries, as advanced as 49 percent, was charged to Cambodia. ‘Oh, look at Cambodia, 97 percent.” said Trump at the White House, laughing erstwhile he pointed to a taxation imposed on the US by the Southeast Asian state. "(Cambojans – ed.) made a luck in the United States," he added. According to planet Bank data The average Cambodian earns about $6.65 a dayless than 20% of the planet average.
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Among the poorest countries affected by American customs, Bloomberg's agency mentioned, among others, the giant clothing industry, i.e. Bangladesh, at 37 percent and Laos – 48 percent.Where a citizen earns on average little than $6 a day. USA besides imposed 45 % work on MyanmarThe earthquake that hit last week.
As Bloomberg noted, Trump's decision to introduce fresh duties is another blow to the poorest countries in the world – after his administration had previously cancelled thousands of aid contracts funded by the United States Agency for global improvement (USAID).
Donald Trump's duties. "Uncontrollable"
– This is simply a disaster," said Elms, an expert at the Hinrich Foundation, an organization that promotes sustainable global trade. – Duties of almost 50% and introduced overnight are Impossible to control – stressed the expert in her interview with Bloomberg. She recalled that many countries usage duty-free access to the US marketbecause they are credited to Least Developed Countries. In her opinion, in the face of mediocre residence on the Chinese market, for example, they will turn towards Europe, Japan and Australia.
Bloomberg stressed that the introduction of fresh duties "returns 180 degrees in American trade policy after planet War II, which promoted economical integration as a means of helping developing countries and supporting Washington's interests abroad". It was recalled that in 2000, then U.S. president Bill Clinton pushed Act providing countries of Sub-Saharan Africa with duty-free access to over 1800 products. erstwhile president George W. Bush expanded this program in 2004 and promoted the initiatives that they had help developing countries deliver products to consumers in the US.
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