Berliner Boersenzeitung - State of play in Trump's tariffs, threats and delays

EUR -
AED 4.301382
AFN 77.612591
ALL 96.515658
AMD 446.872497
ANG 2.096992
AOA 1074.026857
ARS 1697.419947
AUD 1.770923
AWG 2.11116
AZN 1.990506
BAM 1.956117
BBD 2.359183
BDT 143.25324
BGN 1.956117
BHD 0.441572
BIF 3463.361867
BMD 1.17124
BND 1.514246
BOB 8.094313
BRL 6.490187
BSD 1.17129
BTN 104.952027
BWP 16.475673
BYN 3.442558
BYR 22956.304237
BZD 2.355782
CAD 1.615574
CDF 2996.619849
CHF 0.937644
CLF 0.027188
CLP 1066.578527
CNY 8.246642
CNH 8.24023
COP 4521.233487
CRC 584.994905
CUC 1.17124
CUP 31.03786
CVE 110.282891
CZK 24.323841
DJF 208.583839
DKK 7.472623
DOP 73.371903
DZD 152.342715
EGP 55.873064
ERN 17.5686
ETB 181.967121
FJD 2.674758
FKP 0.875394
GBP 0.880996
GEL 3.144811
GGP 0.875394
GHS 13.453183
GIP 0.875394
GMD 85.500068
GNF 10238.661034
GTQ 8.975456
GYD 245.059756
HKD 9.144454
HNL 30.858006
HRK 7.536231
HTG 153.574915
HUF 386.433658
IDR 19556.194482
ILS 3.756225
IMP 0.875394
INR 104.916756
IQD 1534.448936
IRR 49309.203978
ISK 147.143143
JEP 0.875394
JMD 187.420406
JOD 0.83038
JPY 184.4527
KES 150.984494
KGS 102.424761
KHR 4700.762612
KMF 491.921044
KPW 1054.115738
KRW 1728.422228
KWD 0.359839
KYD 0.976158
KZT 606.158338
LAK 25369.115672
LBP 104892.416862
LKR 362.658835
LRD 207.323634
LSL 19.649688
LTL 3.458367
LVL 0.708471
LYD 6.34903
MAD 10.736642
MDL 19.830217
MGA 5326.864186
MKD 61.559987
MMK 2459.939985
MNT 4159.208977
MOP 9.388123
MRU 46.876605
MUR 54.053231
MVR 18.095992
MWK 2031.129513
MXN 21.126819
MYR 4.775164
MZN 74.835105
NAD 19.649688
NGN 1710.19733
NIO 43.106993
NOK 11.868808
NPR 167.923242
NZD 2.036614
OMR 0.451423
PAB 1.17129
PEN 3.94454
PGK 4.982808
PHP 68.60069
PKR 328.176741
PLN 4.204629
PYG 7858.27486
QAR 4.270293
RON 5.077795
RSD 117.399046
RUB 94.265293
RWF 1705.476682
SAR 4.393298
SBD 9.541798
SCR 17.757881
SDG 704.57615
SEK 10.840933
SGD 1.514529
SHP 0.878733
SLE 28.16805
SLL 24560.321726
SOS 668.208405
SRD 45.024225
STD 24242.303527
STN 24.503975
SVC 10.248663
SYP 12952.112504
SZL 19.647187
THB 36.806238
TJS 10.793751
TMT 4.09934
TND 3.428556
TOP 2.820065
TRY 50.066418
TTD 7.95029
TWD 36.916193
TZS 2922.474118
UAH 49.526335
UGX 4189.679698
USD 1.17124
UYU 45.987461
UZS 14081.284429
VES 330.476672
VND 30818.252819
VUV 141.754875
WST 3.265216
XAF 656.063434
XAG 0.017438
XAU 0.00027
XCD 3.165334
XCG 2.111042
XDR 0.815932
XOF 656.063434
XPF 119.331742
YER 279.230391
ZAR 19.635845
ZMK 10542.568415
ZMW 26.501299
ZWL 377.138806
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • JRI

    -0.0500

    13.38

    -0.37%

  • NGG

    -0.2800

    76.11

    -0.37%

  • BCC

    -2.9300

    74.77

    -3.92%

  • RBGPF

    0.0000

    80.22

    0%

  • GSK

    0.3200

    48.61

    +0.66%

  • RIO

    0.6900

    78.32

    +0.88%

  • RYCEF

    0.2800

    15.68

    +1.79%

  • BCE

    -0.0100

    22.84

    -0.04%

  • BTI

    -0.5900

    56.45

    -1.05%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • VOD

    0.0400

    12.84

    +0.31%

  • RELX

    0.0800

    40.73

    +0.2%

  • BP

    0.6300

    33.94

    +1.86%

  • AZN

    0.7500

    91.36

    +0.82%

State of play in Trump's tariffs, threats and delays
State of play in Trump's tariffs, threats and delays / Photo: CHIP SOMODEVILLA - GETTY IMAGES NORTH AMERICA/AFP/File

State of play in Trump's tariffs, threats and delays

Dozens of economies including India, Canada and Mexico face threats of higher tariffs Friday if they fail to strike deals with Washington.

Text size:

Here is a summary of duties President Donald Trump has introduced in his second term as he pressures allies and competitors alike to reshape US trade relationships.

- Global tariffs -

US "reciprocal" tariffs -- imposed under legally contentious emergency powers -- are due to jump from 10 percent to various steeper levels for a list of dozens of economies come August 1, including South Korea, India and Taiwan.

The hikes were to take effect July 9 but Trump postponed them days before imposition, marking a second delay since their shock unveiling in April.

A 10 percent "baseline" levy on most partners, which Trump imposed in April, remains in place.

He has also issued letters dictating tariff rates above 10 percent for individual countries, including Brazil, which has a trade deficit with the United States and was not on the initial list of higher "reciprocal" rates.

Several economies -- the European Union, Britain, Vietnam, Japan, Indonesia and the Philippines -- have struck initial tariff deals with Washington, while China managed to temporarily lower tit-for-tat duties.

Certain products like pharmaceuticals, semiconductors and lumber are excluded from Trump's "reciprocal" tariffs, but may face separate action under different authorities.

This has been the case for steel, aluminum, and soon copper. Gold and silver, alongside energy commodities, are also exempted.

Excluded too are Mexico and Canada, hit with a different set of tariffs, and countries like Russia and North Korea as they already face sanctions.

- Canada, Mexico -

Canadian and Mexican products were hit by 25 percent US tariffs shortly after Trump returned to office, with a lower rate for Canadian energy. Trump targeted both neighbors over illegal immigration and fentanyl trafficking, also invoking emergency powers.

But trade negotiations have been bumpy. This month, Trump said Canadian goods will face a higher 35 percent duty from August 1, and Mexican goods will see a 30 percent level.

Products entering the United States under the USMCA North American free trade pact, covering large swaths of goods, are expected to remain exempt -- with Canadian energy resources and potash, used as fertilizer, to still face lower rates.

- China focus -

Trump has also taken special aim at China. The world's two biggest economies engaged in an escalating tariffs war this year before their temporary pullback.

The countries imposed triple-digit duties on each other at one point, a level described as a trade embargo.

After high level talks, Washington lowered its levies on Chinese goods to 30 percent and Beijing slashed its own to 10 percent.

This pause is set to expire August 12, and officials will meet for further talks on Monday and Tuesday in the Swedish capital Stockholm.

The US level is higher as it includes a 20 percent tariff over China's alleged role in the global fentanyl trade.

Beyond expansive tariffs on Chinese products, Trump ordered the closure of a duty-free exemption for low-value parcels from the country. This adds to the cost of importing items like clothing and small electronics.

- Autos, metals -

Trump has targeted individual business sectors too, under more conventional national security grounds, imposing a 25 percent levy on steel and aluminum imports which he later doubled to 50 percent.

The president has unveiled plans for a 50 percent tariff on copper imports starting August 1 as well and rolled out a 25 percent tariff on imported autos, although those entering under the USMCA can qualify for a lower rate.

Trump's auto tariffs impact vehicle parts too, but new rules ensure automakers paying vehicle tariffs will not also be charged for certain other duties.

He has ongoing investigations into imports of lumber, semiconductors, pharmaceuticals and critical minerals that could trigger further duties.

- Legal challenges -

Several legal challenges have been filed against the tariffs Trump invoked citing emergencies.

The US Court of International Trade ruled in May that the president had overstepped his authority, but a federal appeals court has allowed the duties to remain while it considers the case.

If these tariffs are ultimately ruled illegal, companies could possibly seek reimbursements.

(H.Schneide--BBZ)