Trump’s higher tariffs spark defiance and concern
US President Donald Trump’s high tariffs on imports from dozens of countries have begun, the average US has increased its import task to the highest level in a century, and hurriedly sought a better agreement with large trade partners such as Switzerland, Brazil and India.
The US Customs and Border Protection Agency began to collect 10 to 50 percent higher tariffs on Thursday after a week of suspicion due to the final tariff rates of Trump and crazy negotiations with countries that want to lower them.
Brazil and Indian leaders promised not to be fired by Trump’s harsh bargaining position, even if the negotiators wanted a return from their highest tariff levels.
New rates will test the US trade deficit strategy without causing major interruptions in Trump’s global supply chains or provoking higher inflation and harsh retaliation than trade partners.
In April, after announcement of “Liberation Day” tariffs, Trump frequently changed his plans and slapped much higher rates of imports from some countries.
These include 50 percent for goods from Brazil, 39 percent from Switzerland, 35 percent from Canada and 25 percent from India.
On Wednesday, India announced its 25 percent more tariff announcement on Indian goods that will be applied within 21 days, according to Russian oil purchases.
The tariffs are ultimately paid by companies that import goods and transfer them to full or partly final product consumers.
Trump’s largest commercial negotiator, Jamieson Greer, said that the US is working to reversed decades of weakening US production capacity and labor force, and many other countries share concerns about macroeconomic imbalances.
“International trade rules cannot be a suicide agreement,” he wrote in a column published by the New York Times.
“He showed brave leadership by applying tariffs to re -balance the trade deficit and negotiating important reforms that form the basis of a new international system.” He said.
Eight largest trade partners, which make up about 40 percent of the US trade streams, reached framework agreements for trade and investment privileges, including the European Union, Japan and South Korea, and reduced basic tariff rates to 15 percent.
British at a rate of 10 percent, Vietnam, Indonesia, Pakistan and Philippines, ratio discounts to 19 percent or 20 percent.
Countries such as India and Canada, such as punishing high tasks, “will continue to try to correct this,” he added.
Swiss President Karller-Sutter said on Thursday that negotiations with the United States, Washington’a 11-hour trip, the US’s Swiss goods injured in the aim of preventing the importation of imports will continue after returning home, he said.
South Africa’s attempt to increase the offer in exchange for a lower tariff ratio has also failed.
South African President Cyril Ramaphosa’s office, the two countries’ trade negotiation teams will have more talks, he said.
Meanwhile, Brazilian President Luis Inacio Lula Da Silva said to Reuters on Wednesday, even if his government told him that he would continue to negotiate at the cabinet level to reduce a tariff rate of 50 percent, he could not humiliate himself by calling a telephone conversation with Trump.
Indian Prime Minister Narendra Modi used to challenge a similar way, saying that it would not compromise the interests of the country’s farmers.
Edition also strengthened India’s commitment to Russia with “strategic partnership” and Russian President Vladimir Putin began to visit until the end of the year.
Some countries were gathering together to confront Trump, he said that Brazil would call Lula, India and China leaders to discuss a common BRICS response to tariffs.
Trump has repeatedly been afraid of BRICS members and threatened to expose their imports to 10 percent more tariffs.
