The US may introduce new tariffs for 60 countries: rates will reach 12.5%
EconomicsBy: Редакція ФінансистJuly 21, 20261 min read
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What is known about the new duties
According to the data Financial Times, the Trump administration is preparing a new round of trade restrictions that could cover dozens of countries.
The new tariffs are expected to be a continuation of the president's trade policy and replace the current universal import tariff in 10%, which expires this Friday.
Advisors warn of risks
According to the publication, some of Donald Trump's advisers call for no rush to introduce new tariffs.
They fear that increased trade restrictions could negatively affect the US economy and repeat the effects of the first trade war, especially in the run-up to the midterm elections.
Background of the decision
At the beginning of the year, the US Supreme Court ruled that Donald Trump's decision to introduce large-scale tariffs on goods imported from a large number of countries was illegal.
After that, the president used another legal mechanism and introduced universal 10 percent duty, which did not contradict the court's decision. The expiration of this tariff paves the way for the announcement of a new tariff package.
Trade pressure is increasing
Recently, the Trump administration has been actively expanding tariff pressure on trading partners.
Previously, the USA had already introduced it 50% duty on a wide list of goods from Canada, explaining it by the need to protect American manufacturers due to, in Washington's opinion, unequal terms of trade. The new restrictions could be the next step in strengthening the US trade policy.
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