The executive order must be applied to 68 countries and 27 members of the European Union. While Japan, the EU and South Korea have managed to negotiate with Washington, Brazil is the most achieved, with rates of 50%. The President of the United States, Donald Trump, has signed an executive order that provides for the entry into force of new rates in different countries on August 7. The decree, therefore, has postponed the rate to several American commercial partners in seven days. First, the rule would have entered into force this Friday (01/08). The order must be applied to 68 countries and all 27 members of the European Union.
While some economies, such as Japan, the European Union and South Korea, managed to negotiate with Washington, others, such as India, Brazil and Canada, have not yet reached agreements, leaving their exports to the United States subject to much higher rates. And Brazil ended up being also the most difficult success, with rates of 50% for Brazilian products imported from the United States.
Countries not listed in order will face a basic rate of 10%.
The reason to postpone the order is that the government needs time to harmonize rates rates, according to information issued by an official of the United States government to the AP.
Source: Terra
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