US President has announced 30% rates on all European and Mexico Union products. “Let’s lose the market.”
It is not yet definitive, but last Saturday Donald Trump announced New tariffs. This time, the Portuguese are more attentive: 30% about all products from European Union and from Mexico, from August 1.
In the letter sent to the president of the European Commission, Ursula von der Leyen, Trump that these tariffs are applied regardless of all sectoral tariffs.
The US President justifies this decision: There is a “Commercial imbalance” Between the US and the European Union, with detriment to its country, it assures.
The trade relationship between the United States and the European Union represents 30% of world trade.
The Commerce Commissioner of the European Union, Maros Sefcovic, has already said on Monday that these tariffs would be synonymous with end the trade between Europeans and Americans.
For now, the European Union will continue to negotiate with the US. If there is no good result, they will be applied Retaliatory rates of 21 billion of euros.
Portugal also suffers
If they are confirmed, these rates will be a “Rombo” in the Portuguese economywarns the economy expert Pedro Sousa Carvalho. It is a value “high e absurd” For many producers, who will probably stop selling to the US – because it is no longer profitable, warns.
Francisco Pavão, producer of oil, It is an example. 20% of their exports go to the US. Now the scenario will be different: “It will force us to focus on other markets, to invest in other markets. With these tariffs, possibly Let’s lose the US market. ”
O wine It is also an attentive market. The second largest destination for Portuguese wine exports is the US, with a turnover of over 100 million euros in a year. Frederico Falcão, president of Viniportugal, warned that the wine will be cheaper “to accommodate the tariffs, and that will be very negative for or sector ”.
Álvaro Mendonça and Moura, president of the Confederation of Farmers From Portugal, he also spoke to and traced the scenario: “There will be concentration of European producers in the same markets, greater competition in less markets ”.
Paulo Gonçalves, president of the Portuguese Association of Industrials Shoes, Components, skin items and their substitutes, has the notion that the sector will “look New business opportunities in more distant markets“And see in these tariffs a“ pessimistic ”news, not just for shoes, but for the world economy.
Returning to Pedro Sousa Carvalho, and to concrete numbers, with new tariffs US consumers would have to pay another 128 billion euros a year to make purchases that already make products from Europe.
In relation to Portugal, o Impact would be “gigantic”: would shrink GDP at 3 billion euros per year.
For the expert, it remains to “make figs” so that the tariffs are not confirmed and Donald Trump retreat in his decision.
