7 hours agoWhy is Trump setting tariffs to countries where Kosovo was included?
Periskopi(a year ago)
(a year ago)US President Donald Trump has declared a universal tariff <x0 base” of 10% for US imports, in what he called “Liberation Day”. Describing April 2nd 2025 as our “American economic independence envoy”, he said that mutual “tarate” would start at that base, although many states would [...]
US President Donald Trump has declared a universal tariff <x0 base” of 10% for US imports, in what he called “Liberation Day”.
Describing April 2nd 2025 as our “American economic independence envoy”, he said mutual subx2> would start at that base, although many states would be hit at a much higher rate by 50%, reports the report. BBC, broadcast Periscope.
What are the tariffs, and how do they work?
The tariffs are taxed for goods imported from other countries.
Typically, tariffs are a percentage of the value of a product. For example, a 25% fee for a $10 product (7,76 pounds) would imply an additional $2.50 fee.
Companies bringing foreign goods to the country must pay the government tax.
Signatures may choose to spend a portion or all the cost to customers.
Why is Trump using tariffs?
The tariffs are a central part of Trump's economic vision. He says “tarifa” is his favorite word.
He argues that taxes will encourage American consumers to buy more goods produced by America, boosting the country's economy and increasing the amount of taxes raised.
Trump wants to reduce the gap between the value of goods that the US imports and those that export to other countries.
For example, the U.S. had a commercial deficit of 213 billion dollars (165 billion pounds) with the European Union (BE) in 2024, something Trump called “a atrocity”.
The American president also said the tariffs were intended to force China, Mexico and Canada countries originally targeted to do more to stop migrants and drugs from reaching the US.
He has refused to rule out the possibility of a recession as a result of his trade policies. US Trade Secretary Howard Lutnick said tariffs “were worth” even if they led to an economic downturn.
What fees did Trump announce?
April 2nd:
- Target 25% for U.S. vehicles: 25% tariff for imported car parts expected in May or later
March 12
- Tarifa 25% for all steel and aluminum imports
March 6th:
- The fee was expanded to include other goods transported under the North American Free Trade Agreement, such as TVs, air conditioners, avocados, and beef
- Tax points used in garbage by American farmers were lowered from 25% to 10%
March 5th:
- A month-long exemption for cars produced in North America complying with the continent's existing free trade agreement
March 4 :
- Tarifa 10% for Chinese goods double 20%
- Tarifa 25% against goods from Mexico and Canada, with a 10% fee for Canadian energy imports
February 7th :
- Excepting for shipments from China worth less than 800 dollars
February 4th :
Tarifa 10% for goods from China
