Trump Announces New Tariffs for Imports From China, France, Brazil, and Argentina.

Daily HernandezGeneral, Imports, NewsLeave a Comment

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Despite the upcoming 2020 election that held high hopes for a possible Trade War resolution, the Trump administration proposed imposing duties on imports from France over a tech Tax and announced tariffs on aluminum and steel from Brazil and Argentina.

Brazil and Argentina

President Donald Trump opened a new front on the Trade War announcing on Monday effective immediately tariffs on industrial metals imported from Brazil and Argentina, stating the move was necessary to counter what he called a “Massive devaluation of their currencies” at the expense of American farmers.

France

The U.S. is also eyeing tariffs of up to 100 percent on dozens of popular French products including yogurt, butter, cheese, cosmetics, soap, handbags, and dinnerware.

This proposal of imposing additional tariffs is a response from the USTR after a release of a five-month investigation that concluded a French digital services tax discriminated against American internet companies. However, the proposal still awaits  a presidential decision.

According to press sources, French Finance Minister Bruno Le Maire said the EU “would be ready to retaliate” if the U.S. imposes those tariffs.

China

Despite Beijing’s efforts to cancel the additional 15 percent tariff increase on list 4B set to be effective on December 15th, President Trump suggested the increase would still take effect as scheduled as he announced this week that an agreement could be delayed until after the presidential election in November 2020.

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Daily Hernandez
Daily is our Licensed Customs Broker, she has more than 18 years’ experience with international trade matters, strategic planning for international transactions and trade compliance. She has substantial experience with customs duty savings regimes, including free trade agreements, foreign trade zones, and valuation methodologies.

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