Trump announces a series of rame rates, Brazil, South Korea and small imports

The President of the United States Donald Trump has carried out a series of rates on rates, from the variations of the rates previously threatened on copper imports, products from Brazil and South Korea, until the end of the exemption from the rates for small shipments from abroad.

The wave of announcements occurred at the time of the clock that was approaching at the end of August 1 for the increase in US tariffs, while Trump put pressure in his attempt to remodel global trade.

Closing a day that started with Trump who announced a 25% rate on India’s products after months of negotiations between Washington and Nuova Delhi has not managed to produce a commercial agreement, Trump said that a 50% rate on copper pipes and wiring will have an effect on Friday.

Trump plans to sign new decrees on Thursday, imposing higher rates in several countries that have not been able to reach commercial agreements negotiated with the United States, said the politician, citing an employee of the White House.

The details of the copper tax were not below the complete restrictions planned and left the copper inputs out, such as minerals, concentrated and catadi.

The surprising measure caused copper prices in the United States to fall more than 17% to the Vivex Stock Exchange and has aroused a prize on the global framework of London which had grown in recent weeks, with the remittances deviated there in the expected higher internal prices.

“The markets are now occupied by re -evaluating the prices of refined copper at much lower levels after Trump’s epic turnaround in its own importing policy of imports,” said Tom Price, an analyst of the Panmure Liberum broker. “Someone must finally understand (Trump) that the American economy simply cannot afford this new commercial blow.”

Trump made fun of the copper rate in early July, which implies that it would be applied to all types of red metal, from the catadi produced by mines and founders to wiring and other finished products.

However, the proclamation released by the White House states that the rate will apply only to pipes, pipes and other semi -bargaining products, as well as products in which copper is widely used, including cables and electrical components.

The measure helps the producers, but little contributes to increasing the limited mining sector of the US copper, which has requested a renewal of authorizations or other measures that could stimulate growth in Washington. The measure is essentially a stimulus for Chile and Peru, two of the largest copper miners in the world and important US suppliers.

Brazil

Wednesday, Trump imposed a 50% rate on most Brazilian products to fight what he called “Hitch Hunt” against former president Jair Bolsonaro, but he softened the blow excluding sectors such as planes, energy and orange juice at heavier rates.

The actions of the Embraer aircraft manufacturer and the Suzano pulp manufacturer have increased.

“It represents a more benign scenario than it could be, but it does not mean that it has a small impact or not the relevant effects,” said the secretary of the national treasure Rogério Ceron.

The new rates will come into force on August 6, not on August 1 as Trump originally.

SOUTH KOREA

Trump has also announced that the United States will charge a 15% rate on the imports of South Korea, as part of an agreement that for now relieves tension with one of the first ten commercial partners and an important Asian ally.

The imports of South Korea, a powerful exporter of troops of computers, cars and steel, were subject to a rate of 25%.

“I am pleased to announce that the United States of America have agreed with a total and complete commercial agreement with the Republic of Korea,” Trump wrote on social truth, shortly after meeting the South Korean authorities in the White House.

Trump said that Seoul agreed to invest $ 350 billion in the United States in projects selected by him and to buy $ 100 billion in liquefied natural gas and other energy products.

South Korean Finance Minister Koo Yoon-Chol said on Thursday that a partnership package for naval construction nicknamed “Make America Shipbuilding again again” was fundamental for the tariff agreement.

The naval construction partnership for a value of about $ 150 billion will be guided by the South Korean naval manufacturers to reconstruct the American industry, said Koo.

The other $ 200 billion will include funds for chips, nuclear energy, batteries and organic products, said Kim Yong-Beom, the main policy of the South Korean presidential office in a meeting.

Minimis

The White House has also stated that the United States are suspending a “minimis” exemption that has made it possible to send the United States the low -value commercial shipments without rates.

According to the order of Trump, the packages equal or lower than $ 800 sent to the United States outside international postal costs will pay “all applicable rates” from 29 August, said the White House.

Previously, Trump targeted China and Hong Kong packages. The recent taxes and expenses of Trump have revoked the legal base for the minimum exemption from all over the world from 1 July 2027.

The goods sent through the postal system will have to face one of the two rates: a rate of advertising value equal to the effective rate of the country of origin of the package or, for six months, a specific rate from $ 80 to US $ 200, depending on the tariff rate of the country of origin.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.