From the April 2nd the Cars produced outside the United States they will be burdened by a rate of 25%. The decision, proclaimed by the oval studio, marks yet another hammer shot on the table of international commercial relations. Trump renamed the date like the day of the “Liberation of America”but more than a party, it is looming like the beginning of a long series of customs battles. The former president, who returned to office, has decided to include fifteen nations ree, in the list of affected, that he has taken advantage of the United States.
During the official declaration, he specified that the duties will hit each car built outside the United States, but will not be applied to foreign cars produced within the American territory. Stellantis For example, which thanks to the production plants already active in the United States can avoid ending up in the sights of the new tariff stone. I don’t pay, Trump has also opened his front on other sectors, announcing will soon end up under the grip of the duties as well timber and drugs. An investigation is already underway on the first, on the second it is a matter of time.
The rates will add up to those already in force. To benefit from it, at least in the President’s intentions, should be the US tax age, which according to his estimates could collect between 600 billion and a trillion of dollars in a two -year period. All this while the Congress cuts public spending and the health department cancels over 12 billion dollars in funds for the states with a pen.
Collapse on the bag after the announcement of the tariffs on cars
The markets, usually allergic to unpredictability, reacted as predictable: beaten. Wall Street has lost altitude Before even the formal announcement and the red has extended as a virus. General Motors and Stellantis left between 2% and 3% on the floor. Nasdaq closed with a less 2%, Tesla lost 1.28%, Nvidia even over 5%.
Follow the live broadcast of the bag: Peak Europe After Trump’s announcement
In an industrial ecosystem in which almost 60% of the components come from abroad, the idea of a selective borders closure sounds as a productive short circuit. Cox Automotive estimated chain increases: +3,000 dollars for the models made at home, up to +6,000 for those from Canada or Mexico.
European Union against new American duties
Brussels did not waste time and made it known that he was “deeply regretted”. Ursula von der Leyen dusted off the vocabulary of muscle diplomacy: “rates are taxes: harmful to companies, worse for consumers”. He then recalled how much the production chains are intertwined between the two sides of the Atlantic, and how much the European car industry is not a simple sector, but one bearing column of innovation and qualified employment. Europe will continue to work on a negotiating solution, but in the meantime she holds its hands on the steering wheel.
According to commissioner Maros Sefcovic, if the United States really extend the measure to all European products, the effect on the block will be heavy. The rates provided would be around 20% and, as confirmed by the Commission, would affect the entire perimeter of the 27 Member States.
The EU has already prepared countermeasures: 26 billion euros in rates to be activated from 12 April. Some measures have been postponed to avoid even more ferocious retaliation. The wine is the first to pay pledge: the only threat of a 200% duty paralyzed Italian exports, with stained bottles in ports and restaurateurs at the window.
In this climate of crossed retaliation, the Italian premier Giorgia Meloni tried to reassure the sector: “the agri -food protects itself from duties with diplomacy”.
Canada and Mexico in the sights of the commercial war
Canada and Mexico, although covered by a free trade treaty, they were not spared. The duties will affect anyone who built outside the United States. To date it is not yet clear if the tax will also affect the components. But the White House aims to make cash to finance the promised tax reductions, while a new geography of the chains of value is drawn.
Ottawa has arisen. Prime Minister Mark Carley defined the move “a direct attack”. Trump replied in his style, claiming that it is just a matter of protecting the American manufacture.
