Trump’s live update tariffs: Global forces alert to a trade war over new tariffs


Locker from Taiwan, wine from Italy, frozen shrimp from India, Nike sneakers from Vietnam and Irish butter.

These products are located in houses across the United States, which is a testimony to the US permanent role as the champion of free trade and its point of view as the most attractive market of goods from all over the world.

They are now among the huge categories of goods subject to additional taxes after the imposed President Trump imposed universal tariffs At all US trade partners, as well as additional, heavy duties in 60 countries, he considered the “worst offenders” of unfair trade practices.

In sharp shifts since the decade of trade policy, Mr. Trump launched a 10 -and -focal base line to all goods imported to the United States. In addition, other countries will be charged the so -called reciprocal tariff at an even higher rate next week.

For the European Union and China, the two largest American trading partners, the White House imposed a 20 percent and 34 percent tariffs. An additional levy on China will be added to a 20 percent tariff that was previously imposed by Mr. Trump.

Even close allies like Japan and South Korea were not spared. Not even countries like Australia and Brazil buying more from America than they sell it.

President Trump announced Tariffs at the White House on Wednesday.Credit…Haiyun for the New York Times

The announcement, which Mr. Trump considered the American “Liberation Day”, sent a striking waves around the world and raised a spectrum of global trade war. Share He collapsed to the news because investors were surprised by the size and scope of the tariff.

In less than three months, Mr. Trump has declared tariffs in Canada, Mexico and China, along with imported duties on steel, aluminum, cars and parts of the car. The executive command on Wednesday included exemptions for semiconductors, pharmaceutical products and wood. But analysts think these are not again; They are products in addition to targeting.

Allies and opponents try to understand Mr. Trump’s tariff barracks, which implanted US import customs on the highest level in more than a century and did not show signs of armed. Some threatened to take revenge. Others pressed openly, while some quietly advocated concessions through the rear channels.

China has accused America of “unilaterally harassing”, promising to take “solid measures to protect their own rights and interests.” South Korea convened an emergency working group and vowed to “pour out all government resources to overcome a trade crisis.” In Brazil, the Government of the President Luiz in Anácio Lula that Silva said he was assessing retaliation.

The Brazil Congress approved the legislature on Wednesday to strengthen the president of the country to take revenge.Credit…Evaristo with/Agence France-Pray-Getty Pictures

In the early morning address on Thursday, Ursula von der Leyen, president of the European Commission, said that the global economy “would suffer massively” from Tariff. While persuading the negotiations, she said that the block was preparing further measures to counter with the retaliation of the tariff, which he had already prepared for earlier taxes on foreign steel and aluminum.

Asia was particularly difficult to hit by Mr. Trump’s plan. Vietnam, a user of companies moving from China during the first Trump Presidency, hit a 46 -pointed levy. Taiwan, Thailand and Indonesia all dealt with imported duties more than 30 percent. The White House put 26 percent of imports from import from India.

For decades, exports served as a path to economic prosperity for the development of Asian countries that have emerged from conflict, crisis or poverty. The last tariffs were punished by countries like Taiwan and Japan, who were able to modernize their economies with trade, and also darkened the prospects for poor nations such as Cambodia and Bangladesh, who still want to follow that route.

Cambodia, a producer of clothing and footwear, was hit with 49 percent of tariffs. The United States is the largest export market in the country.

“As a small country, we just want to survive,” said S

A textile factory financing Chinese in Cambodia, which faces 49 percent of tariffs.Credit…Yang Qiang/China News Service/VCG, via Getty Images

Mr. Trump blamed the sale of cheap goods from these land for hollows from the US manufacturing sector. But they also helped the inflation to stay on the bay, lowering prices for US consumers.

Sarang Shidore, Director of Global South at the Quincy Institute for the responsible states of the State in Washington, DC, said that the tariffs would hit several developments countries, at the same time encouraging most of the world to move faster to the order without the United States in its center.

“When it comes to commerce, we are largely in the multipolar world and there are alternative markets. Although, of course, there will be pain and transaction costs in diversification,” he said.

Anthony Albanese, the Australian Prime Minister, said his country would not respond with retaliation tariffs, promising that Australia would not “join the race to the bottom, leading to higher prices and slower growth.”

In Japan, officials and trade experts are caught in accordance with the size of the new tariff that the Earth will face – 24 percent. It was especially given that the average tariff of Japan is on negligent goods among the lowest globally. Japan called the Tariff “I am extremely regretted” and vowed to continue to seek exemption.

Prime Minister Shiger Ishiba has pledged to increase Japanese investment to approximately trillion dollars, focusing on the purchase of multiple American products such as liquefied natural gas.

Distiler at Yamazaki, Japan for Sundorky, whose executive director said he believes Japan will be able to lower tariffs in negotiations with Trump’s administration.Credit…Richard A. Brooks/Agence France-Pray-Getty Images

Speaking before the announced latest tariffs, Takeshi Ninaami, the Director of Sun Holdings, Japanese Giganta drinks known for premium whiskey brands, said the tariffs could be negotiated because Japan is the largest foreign investor in the United States.

“A period of chaos can follow,” he said. “But ultimately the situation will stabilize.”

Exiger, a data analysis company, calculated that Trump’s announcement would result in $ 600 billion in new US tariffs a year. Most levies would arrive from 10 countries, and Chinese exports made up a quarter of additional tariffs at $ 149 billion. Vietnamese goods would face $ 63 billion, Taiwanese products $ 37 billion, and Japanese exports of $ 36 billion in tariffs. German and Irish goods would be combined with $ 41 billion in additional levies.

During the first Trump presidency, the technological companies transferred some production to Vietnam to protect themselves from a possible trade war with China. One -third of Vietnamese exports are now electronics.

Apple Movable production of Airpods, watches and iPads in the last few years to Vietnam. He also transferred an iPhone production to India, after relying only on Chinese factories for years.

South Korean conglomerate Samsung Electronics has invested more than $ 20 billion in Vietnam since he started opening factories there almost two decades ago. Now they produce more goods in Vietnam than China. Last year, he produced goods at the Vidova factory in Vietnamese factories, most of the exports.

Electronics Factory in Hai Phong, Vietnam.Credit…Linh Pham for the New York Times

Mr. Trump’s policies also complicate decisions for smaller US companies. Bredden McMorrow, co-founder of Move2play, a toy manufacturer based in Torrance, California, said the company had built all its products in China since it started about nine years ago. But it began to consider factories in Vietnam or India to protect themselves from Chinese imported tariffs.

In Vietnam, it has been found that factories run by Chinese companies that use materials from China are not much cheaper. Instead, he decided to try the test work of the production of one of his toys in India – a decision that Mr. McMorrow said he looked better with the sublime tariff imposed on Vietnam. He studied whether it could be manufactured in the United States, but said the costs are about five times higher than in China.

And despite the higher cost of tariffs, he does not see us production as now more sustainable.

“I don’t think it doesn’t make sense to invest a lot of this production in the US if the next president comes and just reverse the course on all these tariffs, then you will be in a terrible place,” he said. “It makes more sense to just adhere to the places we currently produce and do not make big risky moves.”

Damien Cave,, Jack Nicas,, Victoria Kim,, Alex Travelli,, Choe Sang-Hun,, Sui-lee wee and David Pierson contribute to reporting.



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