US President announced a last 15% tariff treaty with the European Union; Brazilian products continue to tax at 50% from August 1
The United States has already closed 7 trade agreements for tariffs that will be applied from August 1. President Donald Trump (Republican Party) got an economic treaty with the EU (European Union) and 6 other countries :,,,. Brazil did not advance in the negotiations.
Trump negotiated the reduction of tariffs in exchange for investment for the US sectors. According to the Republican, in other products.
Details of each agreement
The US ended the “Commercial War” With China with an agreement that reduced rates from 145% to 55%. , since a previous proposal spoke at 30% of taxation.
China will provide all the necessary rare magnets and lands, while the US will maintain Chinese student access to the country’s universities. The Trump government will also be affected with 10% rates by the Chinese.
Trump will reduce rates to Japan from 25% to 15%. In return, the Japanese government has pledged to invest $ 550 billion in US sectors such as energy products, semiconductors, agriculture and defense. The US will have 90% of the profit of each sector invested.
Japan also agreed to increase rice imports by 75%, and buy $ 8 billion in agricultural products such as corn and soy. In the aviation sector, the Japanese will acquire 100 Boeing aircraft.
Trump maintained 10% rates for the UK. The British government, one of the few with surplus from the US, has pledged to eliminate commercial barriers that limited the entry of US products.
The agreement with the United Kingdom was the only one until Trump negotiated something beyond the percentage of tariffs. The US government has agreed to eliminate tariffs on steel and British aluminum, which will be taxed again if it does not meet import quotas.
For the automotive sector, the US president said he will impose reduced rates of 10% on the first 100,000 vehicles from the UK, and 25% for additional imports.
The rates for Vietnam had one of the largest reductions, from 46% to 20%. The Vietnamese government has returned to eliminate all tariffs to US products entering the country.
Trump also said he will have 40% tax for all products from other countries that are dispatched via Vietnam trade routes. If China tries to pass its products through the Vietnamese territory, for example, would be affected by such rates.
Trump agreed to reduce tariffs for Indonesia, from 32% to 19%. In return, the Indonesian government will cut 99% of all customs barriers to US products, establishing exemptions for US agricultural products, and industrial sectors.
No details were mentioned about investment numbers, but Indonesia has committed to buying US commodities and complying with labor standards that do not use forced labor.
Trump will reduce rates for Philippines from 20% to 19%. The terms have not yet been detailed. Ferdinand Marcos’s government will increase soy imports and US drugs, as well as cut all taxes on products from the US.
This report was written by Journalism intern Levi Matheus under the supervision of Assistant Isadora Albernaz.
