#TrumpTariffs

🔹 Recent major measures

"Liberation Day" Tariffs: On April 2, 2025, Trump declared "Economic Liberation Day," imposing a base tariff of 10% on all imports, excluding Canada and Mexico. Additionally, extra tariffs were established for approximately 60 countries, with rates reaching up to 54% for Chinese products, adding to the existing tariffs.

Temporary Tariff Reduction on China: After negotiations, the U.S. reduced tariffs on Chinese products from 145% to 30%, while China lowered its rates from 125% to 10%. This 90-day truce aims to ease trade tensions.

Elimination of the de minimis exemption: The exemption allowing tax-free importation for low-value goods (under $800) from China has been removed. Now, these packages are subject to a 54% tariff, affecting platforms like Shein and Temu.

🔹 Reactions and consequences

Legal lawsuits: Five small U.S. businesses have filed a lawsuit arguing that Trump exceeded his authority by imposing these tariffs under a national emergency declaration.

Impact on Latin America: Mexico, in response to U.S. protectionist policies, proposes new rules of origin in the USMCA to limit Chinese imports in North America.

Reactions in Europe: Spain has approved a plan of 14.32 billion euros to mitigate the economic impact of U.S. tariffs, including aid to exporting and importing companies.