USA hopes to raise 50,000 million dollars a month with tariffs

by Andrea
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El Periódico

USA will enter around 50,000 million dollars (43,050 million euros) monthly through tariffs implemented since Thursday, according to the US Secretary of Commerce, Howard Lutnick.

“Last month, the average was little more DE 30,000 million (of dollars). And last night, at midnight, the tariffs went up. I think we will approach 50,000 million per month in tariff revenues, “he said in an interview with the Fox chain.

In addition, the US Secretary of Commerce has warned that this monthly tariff income figure should be added in the future related to semiconductor imports and pharmaceutical products, in addition to other additional income, so it has pointed out that the collection could continue to increase towards the billion dollars that the US president pointed out, Donald Trump.

“They are amazing figures for the United States and no one is taking reprisals,” said Lutnick, for whom the US consumer is “the most powerful factor on the planet” for the economy, since everyone wants to sell to the US consumer. “And Donald Trump is taking advantage of it for the US benefit,” he said.

The new minimum tariffs between the 10% and 50% That the United States has imposed on imports from its commercial partners have entered into force as of this Thursday.

The executive order signed by Trump and disseminated by the White House, includes a list of almost 70 countries, in addition to the European Union, to which specific tariffs will be applied between the minimum of 10 and 50% for Brazil, followed by 41% in the case of Syria. Those states that do not appear in the list will have a predetermined tax of 10%.

Trump announced in early April a 10% basic tariff on imports of almost all business partners in the United States, as well as other higher for a long list of countries. The measure was suspended shortly after, for 90 days, to allow commercial negotiations.

Since then, some countries, including United Kingdom and Japan, have reached agreements with the government American to reduce tariffs. For its part, the European Union accepted a tax at its exports of 15%.

For its part, the White House has reported the imposition of an additional 25% tariff to imports from India, which would be added to the 25% tax announced at the end of July, for buying “directly or indirectly” Russian oil.

In addition, Trump has also warned that Tariffs for pharmaceutical imports could reach 250%after the White House tenant warned last week 17 companies in the sector of the need for drug prices in the country.

In this context, the president of the United States announced yesterday the next imposition of “approximately” tariffs 100% for the importation of chips and semiconductors, a measure with which it aspires to press so that companies move the production of these products to US territories.

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