The United States expect the new tariff scheme applied from Thursday (7) to the vast majority of its business partners generate a monthly revenue of about $ 50 billion.
The US Secretary of Commerce, Howard Lutnick, said that the month before, government coffers received about $ 30 billion with taxes announced in April by President Donald Trump, who at the time imposed 10%basic global tariffs, along with other reciprocal rates that were suspended and activated on Thursday.
Lutnick stated in an interview with the TV network Fox BusinesThat, with the entry into force of the new rates for dozens of countries, the US will be able to raise up to “about $ 50 billion a month”.
The head of the trade folder added that with 200% “additional taxes” on pharmaceutical products and 100% on semiconductors and chips recently announced by Trump, “this revenue can increase to $ 1 trillion” – an estimate questioned by some analysts.
“These are impressive numbers for the United States, and no one is retaliating. Everyone understands that they need to sell to the American consumer. The American consumer is the most powerful factor on the planet for the economy, and Donald Trump is taking advantage of it for the benefit of the country,” Lutnick said.
The entry into force on Thursday of the new reciprocal tariffs driven by the Republican President intensifies the New York trade war since its return to power in January.
“It’s midnight !!! billions of dollars in tariffs are entering the United States!” Celebrated Trump on his social truth platform on the morning of Thursday.
Earlier this day, both agreed with United Kingdom, China, Vietnam, Japan, Philippines, Indonesia, European Union, South Korea and Pakistan, as well as the overwhelms unilaterally imposed by Washington to the countries with which Brazil, India, Switzerland, South Africa and Venezuela were in force.
The new rates range from 10% to countries with which the US has a commercial surplus, such as Chile, Colombia and Argentina, to 50% imposed on Brazil in retaliation against former President Jair Bolsonaro for the accusation of plotting a coup in 2022.
India will also face an extra 25% tariff for the purchase of Russian oil, which will increase its rate to 50% by the end of August.
After Brazil and India, countries with the highest tariffs are Syria (41%), Laos (40%), Myanmar (40%) and Switzerland (39%).
Also in force are in force of 50% on steel, aluminum and copper, along with a general rate of 25% over vehicles not manufactured in the US and several of its key components (engines, transmissions, electronics), except those covered by the Tripartite T-MEC (or USMC) agreement with Canada and Mexico neighbors.
