Trump’s “mutual” tariff enters into force, hitting dozens of American commercial partners

US President Donald Trump entered the so -called “mutual” tariffs on Thursday, and imposing higher duties on many commercial partners’ exports to the country to the United States

“It is midnight !!! billions of dollars of definitions are now flowing to the United States of America!” Trump books On the social media platform social truth.

Earlier mail Trump said the definitions were targeting “countries that have benefited from the United States for many years.”

Trump last week – before the deadline for definitions on August 1 – The tariff rates have been renewed I pushed the deadline until August 7.

Some of the most severe tasks in Syria include 41 %, a 40 % las and lasy rate, while Switzerland-after it has not succeeded at a stampede at the last minute for a 39 % tariff.

Swiss negotiators traveled this week to Washington, DC for talks after the country’s higher rate was surprising to many, but so far, it seems that no deal has been agreed. It is expected to update from the Swiss government later on Thursday.

Separately, Brazil and India Both are now facing 50 % duties. While the Brazil tariff seems to have started, the India rate is 25 % at the present time, and it will rise to 50 % later this month, according to an executive thing signed on Wednesday. Trump said that his tariff for India was linked to its current purchases of Russian oil.

Meanwhile, countries and other regions have been able to conclude trade agreements with the United States, including the European Union, Japan and South Korea – all of which are now facing 15 % of the customs tariff – as well as the United Kingdom, which negotiated 10 %.

Others, including China and MexicoIt remains for forgetfulness. China participates in a bit of commercial truce with the United States at the present time, while the prices previously announced for Mexico are temporarily stopping.

The latest Trump tariff ads – including higher duties on India and threats 100 % definitions On the chips – “This game is not finished,” according to Bill Babadakis, a strategic expert at Lombard Odir.

“There were some optimistic buildings recently because the general level of uncertainty has decreased. Some deals were concluded, and the damage to the American market earlier made Trump run some of his most aggressive threats, and in this sense, it revealed to us that we may not end up in the worst scenario.”

But Papadache is also warned of excessive optimism. He pointed out that the definitions have now been imposed, and their impact on economic growth and inflation was not yet clear.