To what extent do new prices prevail to harm other countries and American consumers? | News

On Wednesday, US President Donald Trump imposed radical reciprocal prices on USS business partners.

The day was called the Liberation Day by Trump, which signed an executive decree imposing a flat price at 10% on almost all nations, then additional prices on the countries that the United States accuses of higher levies from American goods.

The samples sent shock waves across the world markets and aroused criticism from world leaders. China and the European Union have already responded with reprisal measures, signaling the risk of a world trade war.

The China Ministry of Commerce called Washington to cancel the prices. There is no winner in a trade war, and there is no way to go out for protectionism, the ministry said in a press release.

The 10% prices came into force on April 5, while other prices will come into force on April 9.

What are the new prices announced?

Trump has targeted around 60 countries with personalized reciprocal prices. These are countries that have been appointed as those that charge higher samples from American products. The higher rates apply to both the main American business partners and the smallest economies and allies and rival.

China was struck by a rate of 54%, including 20% ​​of samples earlier; Lesotho faces a 50%price; Cambodia 49%; And neighboring Vietnam 46%.

Hike in the prices was more aggressive than expected, told Al Jazeera Lynn Song, chief economist from Greater China to Dutch Bank ING.

Many expected a range of tariffs from 10 to 20%. This type of aggressive movement probably risks reprisals of the greatest players, although small countries can choose to try to negotiate a lower rate.

The EU was also struck by a tariff of 20%.

Reference rates of 10% have been applied to all upcoming imports to the United States. Some countries confronted with 10% samples are the United Kingdom, Australia, Singapore, Brazil and the United Arab Emirates.

There will be no additional rates in Canada and Mexico, the two countries are already subject to 25% prices, with the exception of products covered by a free trade agreement with the United States.

Explore the table below to see which countries have been the least affected and the most.

What countries are most exporting to the United States?

In 2024, Mexico exported $ 505.9 billion in the United States, according to the US International Trade Administration.

This was followed by China, which exported $ 438.9 billion; Canada, $ 412.7 billion; Germany 160.4 billion dollars; and Japan 148.2 billion dollars.

What countries will be the most affected?

Although Trump has not imposed additional rates in Canada or Mexico, these countries are most likely to be affected by American samples, given the high percentage of exports that go to the United States.

In 2023, 77.6% of total Canada exports went to the United States, according to data from the United Nations Country. Total exports from Mexico to the United States was 79.6%.

On the other hand, while the United States is the largest export destination in the EUS, the block has many other countries which bought its products: in 2023, the United States represented less than 20% of EUS exports, according to Comtrade.

Likewise, while a heavy rate is applied to Chinese products, only 14.8% of Chinese exports went to the United States in 2023. Thus, while the United States was the largest export market in Chinas that year, a large Chinese portfolio of other export destinations, including Japan, Germany, India and Mexico, means that it could harm Canada or Mexico.

However, prices could influence the way China addresses future trade with the United States, according to experts.

The climbing of prices and the continuation of unilateral measures could deepen the erosion of confidence in the global trade system, pushing China more to diversify its partners and to reduce dependence on the American market, told Al Jazea Lopes in January.

How will it affect American consumers?

In 2023, the United States imported $ 3 billions in approximately $ 1 billion of dollars more than he exported it.

American consumers are already faced at higher car prices after winning 25% of direct samples on all automotive parts and automotive parts that arrive in the United States, which entered into force on Wednesday, April 2. Since prices also apply to car parts, cars made in the United States using imported parts will become more expensive.

The increase in costs would result in significant disruptions throughout the supply chain and, perhaps, above all, would result in significant price increases for American consumers for vehicles, said in a letter, the reuters news agency said.

On Thursday, New Zealand Prime Minister Christopher Luxon responded to the 10% prices imposed in the country: he ends up climbing higher prices for American consumers, higher inflation, slows growth and, therefore, which exerts real pressure in the world.

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