Very important clarification
- Some believe that President Trump has suspended all tariffs, which is what people are circulating, but this is not true. The correct information is that any tariff that increased beyond 10% and was imposed in the past few days will be temporarily suspended for 90 days. The goal of this suspension is to calm the markets and open the door for renegotiating trade terms. However, the unified tariff of 10% will remain applicable to most imports. This tariff is considered the base and is not included in the freeze or suspension decision, meaning that goods that were subject to a 10% tariff will continue at the same rate during the 90 days.
- The second thing is that there are goods exempt from this suspension, meaning they are still subject to tax, including some strategic goods like imported cars and car parts. These goods are still subject to a 25% tariff.
- As for imports coming from China, they are not included in the suspension decision at all; rather, tariffs on them have been raised to 125%, in an escalatory step that confirms the continuation of the strict policy towards trade with China.
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