<
https://theconversation.com/new-trump-tariffs-early-modelling-shows-most-economies-lose-the-us-more-than-many-262491>
"The global rollercoaster ride of United States trade tariffs has now entered
its latest phase.
President Donald Trump’s April 2 “Liberation Day” announcement placed
reciprocal tariffs on all countries. A week later, amid financial market
turmoil, these tariffs were paused and replaced by a 10% baseline tariff on
most goods.
On July 31, however, the Trump Administration reinstated and expanded the
reciprocal tariff policy. Most of these updated tariffs are scheduled to take
effect on August 7.
To evaluate the impact of these latest tariffs, we also need to take into
account recently negotiated free trade agreements (such as the US-European
Union deal), the 50% tariffs imposed on steel and aluminium imports, and tariff
exemptions for imports of smartphones, computers and other electronics.
For selected countries, the reciprocal tariffs announced on April 2 and the
revised values of these tariffs are shown in the table below. The revised
additional tariffs are highest for Brazil (50%) and Switzerland (39%), and
lowest for Australia and the United Kingdom (10%)."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
