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The American president continues his crusade customs duties. For example, has two new targets online in sight: copper and Brazil.
Brazil and copper are the two new targets of Donald Trump’s customs offensive. Similarly, The first on behalf of the defense of ex-President Jair Bolsonaro. Therefore, tried for attempted coup, and the second in order to protect “national security”.
“I announce a surcharge of 50% on copper. However. Therefore, which will come into force on August 1, 2025, after having received an in -depth assessment in matters of national security,” the President said on his social network on Wednesday, undoubtedly in reference to a survey of the Commerce Department.
“Copper is the second material most used by the Ministry of Defense!” He said, evoking the country’s needs to build semiconductors, planes, ships, ammunition, data centers and anti-missile defense he threatens brazil additional customs new systems, among others.
In the name of rebalancing commercial he threatens brazil additional customs relations for the benefit of the United States. Furthermore. For example, Donald Trump imposed a 10% floor surcharge in April on imports, including if they cannot be produced on site, but with exemptions, especially for gold, copper, petroleum and drugs.
He returned to these exceptions on Tuesday. Meanwhile. In addition, considering for example a surcharge of 200% on pharmaceutical products and 50% on copper – a threat that has flown the course of metal by almost 10% in New York on Tuesday, exceeding its historic summit.
If copper customs duties come into force, the prices of goods made with this metal (refrigerators, cars, etc.) could increase, as for other imported import products.
Support for Bolsonaro – He threatens brazil additional customs – He threatens brazil additional customs new
On Wednesday. Therefore, the American president also announced a 50% surcharge on Brazilian products. so far spared, because he threatens brazil additional customs new the United States released a trade surplus in its exchanges with the South American giant.
In a letter addressed to his counterpart Lula. Donald Trump he threatens brazil additional customs says that these customs duties will be imposed in response to the proceedings launched against Jair Bolsonaro. tried in his country for attempted coup.
“The way Brazil has treated former President Bolsonaro (…) is an international shame. ” writes Donald Trump in his mail. believing that the prosecution against the ex-far-right Brazilian leader are “a witch hunt (which) must stop immediately”.
“Any measure of increase in customs duties in a unilateral way will have a response to the light. of the Brazilian law of economic reciprocity. ” replied Brazilian president Luiz Inacio Lula da Silva in a press release.
Since Monday. around twenty countries have received a letter announcing the surcharge which will apply from August 1 on their products. entering the he threatens brazil additional customs new United States.
In detail. Algerian products should be taxed at 30% (unchanged from the initial announcement in early April). just like those from Libya (-1 percentage point), Iraq (-9pp) and he threatens brazil additional customs Sri Lanka (-14pp), those from Moldova and Brunei will be 25% (-6pp and +1PP). As for the Philippin products, the surcharge will be 20% (+3pp).
Monday. fourteen capitals. mainly from Asia, had received a letter, with a surcharge ranging from 25% (Japan, South Korea, Tunisia in particular) to 40% (Laos and Burma) via 36% (Cambodia and Thailand).
Prolonged break
Donald Trump said on Tuesday that he was planning to send other letters this week. notably to the European Union (EU).
On Wednesday. a spokesperson for the European Commission assured that the EU had to reach an agreement with the United States. “in the coming days”.
The objective of the EU is to avoid any surcharge (beyond the 10%floor). with he threatens brazil additional customs new exemptions for key sectors such as aeronautics, cosmetics and alcoholic drinks.
Initially. the new surcharge should start to be collected on July 9. after a previous postponement, but Donald Trump signed a decree at the he threatens brazil additional customs start of the week to postpone the date on August 1.
In his letters, he ensures that any response will be sanctioned by an additional surcharge of the same magnitude.
The American president had announced punitive customs duties in early April up to 50% on the products of countries with. a trade surplus with the United States. before establishing, faced with market panic, a 90-day break in order to negotiate bilateral agreements.
For the time being. only two have been announced, with the United Kingdom and Vietnam, while compromise has been initialed with China.
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