The new tariffs recently imposed by President Trump on several countries have been fixed and will not change during the current negotiation process.

Statements from U.S. Trade Representative Greer confirm that the tariffs imposed on Canada, Brazil, India, and Switzerland are based on the bilateral trade balance and will not be adjusted during the current negotiation period.

MAIN CONTENT

  • The new tariffs announced by President Trump have been set as fixed.

  • Tariffs imposed on Canada, Brazil, India, and Switzerland range from 25% to 50%.

  • The decision is based on trade surpluses and deficits.

What tariffs has President Trump imposed on different countries?

U.S. Trade Representative Greer confirmed that the new tariffs have been clearly defined and will not be adjusted during the negotiation process.

Specifically, the import tariffs applied are 35% for Canada, 50% for Brazil, 25% for India, and 39% for Switzerland. These levels reflect the trade policy promoted by President Trump's administration to balance the trade deficit with each country.

This decision reflects a calculation based on bilateral trade data to reduce the deficit and protect domestic industries, in line with the previously announced trade protection strategy.

Why are these tariff levels not changing during the trade negotiations?

Greer emphasized that the tariffs based on bilateral trade surpluses and deficits have been "fixed" and not altered during ongoing negotiations.

This shows that the U.S. administration is applying a tough strategy to maintain pressure on trade partners in order to achieve better agreements. The lack of tariff adjustments during negotiations also aims to demonstrate consistency and firmness regarding national trade goals.

This strategy is also understood as a way to avoid unexpected fluctuations that affect businesses and the domestic economy, helping domestic producers and businesses better prepare for costs.

"These tariff levels have been determined based on the trade balance and will remain unchanged during the negotiation phase to protect the economic interests of the United States."

Greer, U.S. Trade Representative, stated on August 3, 2020

What is the impact of fixed tariff levels on international trade?

Implementing fixed tariffs creates stability, allowing U.S. businesses to predict import costs and plan for longer-term business strategies.

However, high tariffs like 50% on Brazil or 39% on Switzerland may provoke retaliatory pressure from partners, increasing bilateral trade tensions and potentially impacting global supply chains.

This is a significant challenge for multinational companies and could alter investment flows between regions, thereby having a long-term impact on the international business environment.

Frequently Asked Questions

Will the new tariffs be adjusted in the future?

According to Greer's statement, the current tariffs will not change during the ongoing negotiations, reflecting a fixed stance in temporary policy.

What does a 50% tariff on Brazil mean?

This tariff level aims to balance trade and protect the U.S. domestic manufacturing sector from excessive imports from Brazil.

Why were these countries chosen for tariffs?

The selected countries are based on the bilateral trade balance and significant surpluses/deficits compared to the United States.

How do tariffs affect U.S. consumers?

High tariffs can increase the prices of imported goods, affecting market prices and the end consumers.

Can the U.S. government change tariffs when negotiations end?

Changes could occur depending on future trade agreements, but currently, the tariffs remain fixed.

Source: https://tintucbitcoin.com/quyet-dinh-gan-xong-thue-quan-my/

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