The United States commercial partners, such as Switzerland, Brazil and India, were still struggling to obtain a better treatment on Thursday, since the highest rates of President Donald Trump in the imports of dozens of entry countries, which increases the average import duty of the United States to its maximum in a century.
The US Customs and Border Protection Agency began to collect the highest tariffs of 10 percent to 50 percent at 12:01 AM EDT (09:01 AM PKT) after weeks of suspense on Trump’s final rates and frantic negotiations with the main commercial partners who were looking to reduce them.
The leaders of Brazil and India promised not to be intimidated by Trump’s hard line negotiation position, even while their negotiators sought a postponement of the highest tariff levels.
The new rates will evaluate Trump’s strategy to reduce the commercial deficits of the United States without causing massive interruptions to global supply chains or cause greater inflation and rigid reprisals of commercial partners.
After presenting its “Liberation Day” tariffs in April, Trump has frequently modified his plan, slapping much higher rates in imports from some countries, including 50pc for goods in Brazil, 39pc of Switzerland, 35pc of Canada and 25 percent of India.
On Wednesday a separate rate of 25 percent on Indian goods, which will be imposed in 21 days, on Russian oil purchases of India.
“Reciprocal tariffs come into force at midnight tonight!” Trump said in Truth Social just before the deadline.
“Billions of dollars, in much of countries that have taken advantage of the United States for many years, laughing all the way, they will begin to flow to the United States. The only thing that can stop the greatness of the United States would be a left radical court that wants our country to fail!”
Companies that import goods and consumers of final products pay tariffs.
Eight main commercial partners representing approximately 40 percent of US commercial flows have reached framework for trade and investment concessions to Trump, including the European Union, Japan and South Korea, reducing their base tariff rates to 15 percent.
Great Britain won a 10 percent rate, while Vietnam, Indonesia, Pakistan and the Philippines obtained rates reductions to 19 percent or 20 percent.
“For those countries, they are less layers,” said William Reinsch, a senior member and trade expert at the Center for Strategic and International Studies in Washington.
“There will be a rearrangement of the supply chain. There will be a new balance. The prices here will rise, but that will take time to appear in an important way,” said Reinsch.
Countries with punishing tasks, such as India and Canada, “will continue to fight trying to fix this,” he added.
The Switzerland government will celebrate an emergency meeting on Thursday to decide its next movement after President Karin Keller-Sutter returned home empty-handed from a 11-hour trip to Washington aimed at avoiding the import tariff of the United States on Swiss goods.
A last minute attempt by South Africa to improve its offer in exchange for a lower tariff rate also failed.
The South African president, Cyril Ramaphosa, made a phone call with Trump on Wednesday and the commercial negotiation teams of the two countries will have more conversations, said Ramaphosa’s office.
Meanwhile, the president of Brazil, Luiz Inacio Lula da Silva, said Reuters On Wednesday he would not humiliate himself looking for a phone call with Trump, even when he said that his government would continue the conversations at the cabinet level to reduce a 50 percent rate in Brazilian exports to the United States.
The Indian prime minister, Narendra Modi, was equally challenging, and said he did not compromise the interests of the country’s farmers after Trump introduced a 50 percent rate on Indian goods.
Trump’s order has specified that any specific product of having been transmitted from a third country to evade the highest US rates. UU. It will be subject to an additional import duty of 40 percent, but its administration has published few details on how these goods would be identified or the provision is applied.
Income, price increases
Import taxes in the United States are a part of a multilayer rates strategy that includes sectoral tariffs based on national security on semiconductors, pharmaceutical products, cars, steel, aluminum, copper, wood and other goods.
Trump said Wednesday that microchip tasks could reach 100 %.
China is on a separate rate and will face an increase in potential tariffs on August 12 unless Trump approves an extension of a previous truce after the conversations last week in Sweden.
He said he can impose additional tariffs on China’s Russian oil purchases while seeking to press Moscow to put an end to his war in Ukraine.
Trump has promoted a vast increase in federal income of its import tax collections, and the United States Treasury Secretary Scott Besent says that tariff revenues could exceed $ 300 billion a year.
The measure will lead to the average rates of the United States to about 20 percent, the highest in a century and compared to 2.5 percent when Trump assumed the position in January, the Atlantic Institute estimates.
The data of the Department of Commerce published last week showed more evidence that tariffs began to increase US prices. In June, even for home furniture and domestic domestic equipment, recreational goods and motor vehicles.
Trump Tarife War Costs are increasing for a wide strip of companies, including Bellwethers Caterpillar, Marriott, Molson Cours and Yum brands.
Toyota said Thursday that he was waiting for a blow of almost $ 10 billion in imported cars to the US.
