All duties country by country: updated (trade) war bulletin
The point on the tariffs imposed by the US on the world: science fiction against China, less punitive with the EU and at a minimum for Latin America
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Key points
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With the latest tariff blowout between the US and China, the (trade) war bulletin between the US and the rest of the world is storming. Particularly towards the Far East.
The New Pacific War
.After the latest escalation the White House has gone so far as to impose stratospheric tariffs of 104% on China, almost surreal in their size and the impact they will have on the US economy, but also 46% on Vietnam and 37% on Thailand. Why this doggedness against the Far East? As is well known, the crude formula presented in The Rose Garden takes as its basis the US trade deficit with the various countries. The deficit is then divided by the total imports from that country and divided by two.
Hence the absurd stratospheric duties on Vietnam, from where half of the global production of Nike shoes comes. In the Far East South Korea (tariffs at 26%), Japan and Malaysia (24%), all inclined to dialogue with Trump (along with India, leader of the Asian doves, with its 27% tariffs), 'save themselves'. Singapore shines with basic tariffs at 10%.
Nothing new on the Western Front
.American tariffs to the EU are stuck at 20%, pending negotiations with Washington with under the table Brussels' 'bazooka' on counter-duties to US digital services, while poor Switzerland (without the EU umbrella) finds itself at 32%.
Our country, even on this occasion, is lucky to be part of the Union: if one applied the Trumpian calculation to each individual EU state, the final punitive duty for Italy would be 31.8%, in line with the Swiss one.
