tariffs

Tariffs on imported chips will soon come into force

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The US administration responsible for the deployment of tariffs does not rest. Last Friday and near midnight, the US Customs and Border Protection Office He published a statement in which he officialized that some electronic devices and strategic components They were temporarily exempt from tariffs. Of all of them. Of 10% global applied to most of the planet’s countries, and also of the very tariff that penalizes Imports that come from China. This villantazo of the Government of Donald Trump is unexpected in the context of confrontation that the US maintains not only with the country led by Xi Jinping, but essentially with all the nations with which it maintains commercial relations. However, it makes sense. One of the categories of strategic components that at the moment are exempt from these taxes are semiconductors. The business of many US technology companies depends on the integrated circuits that import from Taiwan, China or South Korea, and tariffs They have the ability to compromise it. Tariffs will soon reach the imported integrated circuits With all Apple, Nvidia, AMD, Qualcomm, Broadcom and many other US companies whose activity depends largely on semiconductors made in Asia They have breathed relieved after knowing the exemption from which the chips benefit. However, joy must last little. And just a few hours ago President Donald Trump has confirmed That during the week we have just started, it will announce the tariff rate with which it will finally tax the imported integrated circuits. The Government led by Donald Trump seeks to reorganize the global semiconductor industry He has also anticipated that some companies in the semiconductor industry will have some flexibility, although they have not specified those companies or to what extent they can continue to import integrated circuits by avoiding tariffs. We will have to wait a little longer to have this information. As it is, it is evident that the government strategy led by Donald Trump pursues Reorganize the global chips industry To ensure that the US does not need to import any integrated circuit of critical value, such as those used by their companies to train models of artificial intelligence (AI) or develop advanced armament. The challenge that the US administration has ahead is that the relocation of an important part of the chips production infrastructure and the reorganization of supply chains cannot be carried out in a short time. This is the authentic reason why the Government has been forced to release the critical components needed by their tariff companies. All this does not respond to any elucubration. Trump has expressed it With total clarity a few hours ago. “We wanted to simplify it for many other companies because we want The entire supply chain of electronics in the next tariff investigations for the good of national security “, Donald Trump has sentenced. Thus paints the panorama. In a period not exceeding two months, the US will definitely announce to which tariffs both semiconductors and other critical technological products from China will be subjected. We will keep the expectation until then. More information | Reuters In Xataka | Nvidia will continue to sell its H20 GPU in China. It has cost a dinner of 1 million dollars per diner

The United States exempts from reciprocal tariffs on key consumption electronics and strategic components

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The Donald Trump tariff war against the world has a new episode, one in which the main American technology manufacturers breathe relieved … for the moment, because with the Republican president he never knows. The administration of the president of the United States has released reciprocal tariffs at electronic devices such as mobiles, computers and other components. Also to the 125% tax applied to China imports. The strip and loosen of tariffs is resulting Critic for large North American companies in this democated global economy. Apple is the most obvious example: after making the ‘old’ tariff of 104% of the United States to China effective, It ceased to be the most valuable company. Faced with such a critical situation, drastic decisions: Chop an airplane full of iPhone From India. But Apple is just the tip of the iceberg And the reality is that until this ‘truce’, they paint with other large ones such as NVIDIA and more generic, to the bulk of the industry, where the final cost of those products in whose manufacture are used semiconductors, chips or SSD unitsthey would support dramatic increases. Consumer electronics is the great beneficiary The United States Customs and Border Protection Office of the United States He published a statement Friday night detailing that certain electronic devices and components 10% global tariff are left out That the United States applies to most countries, such as much higher tax applied to Chinese imports. What devices? Among the exemption list are mobile phones, computers, hard drives, processors, memory chips, semiconductors, memory cards or solar cells. Two of the great direct beneficiaries are Apple and Nvidia, who manufacture in China, but the stage remains uncertain: Trump is volatile and it is not known how China will respond to this gesture. This decision of the Trump administration comes after the hardware Big Tech showed their concern against the inevitable and imminent price escalation, since Most of these devices are manufactured in China. After giving A 90 -day pause Last Wednesday for countries, except for China, they will adapt to the new tariffs, Trump loosen. These exemptions are retroactive as of April 5 (as if this week had not happened) and as detailed by the White House Secretary and CNBC is echoedaims give margin to US companies to transfer their production to the United States. But his message is blunt: ‘President Trump has made it clear that the United States cannot depend on China to make critical technologies such as semiconductors, chips, smartphones and laptops‘. In Xataka | China responds again to US tariffs and rises to 125%: from here it would be a “joke” to keep climbing Cover | Xataka

The dollar has been the world economy for 80 years. The US tariffs are starting to destroy it

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In the two long months he has in the Oval Office, Donald Trump has demonstrated that he did not joke when he said that his favorite word is “tariff.” The Commercial War in which it has been engaged, with ads and against ads, attacks and backgrounds that now focus the focus In China, it is however affecting what could well be the second header word for the Republican leader: the dollar, which faces its own historical chapter, in full depreciation against other assets such as The euro or the Swiss Franco. In the background, there are voices that already speak of a trusted crisis In the American currency, a weakening of its global position as a safe shelter or even They wonder If we go at the end of the golden era of the green ticket. Dollar slopes. In full tariff war and between recession drums In the US and loss of investor confidence, the US dollar does not go through its best moment. Although The partial truce 90 days decreed on Wednesday by Trump has paid the falls in the stock market, the trend is different if we talk about public debt and especially dollars. Green tickets They have deflated in front of currencies such as the euro or the Swiss Franco. And quite clear, besides. Click on the image to go to Tweet. What do the figures say? After the dollar suffered yesterday its worse day In about a decade, the Euro is already 1.14 dollars. You have to go back several years ago to find it in such low levels in front of the community currency. As for the Swiss currency, another key reference, Reuters remembers That the green ticket has fallen 1.2%, to 0.814 francs, for the first time since the beginning of 2015. All this with him and reaching his Maximum of several months and with gold moving in Historical maximums While investors are looking for safe shelters, precisely what (until not so ago) offered green tickets. “There has been a marked tendency to sell US dollars flowing through the general markets and towards classical shelter assets, with the dollar losing that position,” Confirms Reuters recently Chris Weston, from Pepperstone. Why is it important? Because the dollar is more than the currency with which the Americans make their purchases. Is behind the vast majority of transactions, acts world reference and has allowed the US to be financed at low types. “Half the world is stunned looking and the other horror about what will happen to the dollar as a universally accepted currency and vault key of the global financial system,” Explain to The country Juan Ignacio Crespo. “It is very unusual in the US”. The dollar situation has caught the attention of other experts, such as Nick Timiraos, economic correspondent for The Wall Street Journal And who yesterday shared In X some reflections on the drift of the yields of the treasure bonds at 30 years and the weakening of the dollar. “Rises in yields and low in currencies are common in emerging markets. We saw it in the United Kingdom during the debacle of Truss. But it is very unusual in the US. There are only four other episodes in the last 30 years in which the dollar depreciated more than 1.5% with an increase in return to more than 10 basic points, ” Timiraos collects citing the Evercore ISI firm. Its conclusion: the data suggests the end of ‘exceptionalism’ of American growth and a loss of attractiveness of dollars. Click on the image to go to Tweet. Crisis of trust in the dollar? That is the idea that appears for some time among some analysts, such as Francesco Pesole, of ING, which after the fall of the dollar to a minimum of three years in front of the euro, It was pronounced with roundness in Financial Times: “The question of a possible crisis of trust in the dollar has definitely been resolved: we are experiencing it with all its force.” It is not the first to point in that direction. Monday Reuters warned that there were investors and analysts concerned with the perspective that Trump’s protectionist policies, changes in the current global economic order in the last decades and the growing debt The US ended up undermining the attractiveness of the dollar, with even risk of a crisis of trust in the green ticket. End of the ‘golden age’ of the green ticket? That is the question he launched to Benjamin Dubois, head of Edmond’s coverage management of Rothschild, in An analysis collected by The economist. It slides that the fall of the currency “could be the beginning of a deeper underlying trend.” “Trump’s second mandate could make the dollar lose the dominant status he has enjoyed during the last decade,” Point out The expert before citing factors such as the depreciation of Trump’s currency or commercial war. The answer does not seem clear. For Per Jansson, vice governor of the Central Bank of Sweden, It is not predictable However, the US reaches the point that the status of the dollar changes. And he warns: “It would be a great change for the world economy … and basically create chaos.” The truth is that Trump has spoken against attempts to weaken the currency, which still has in his favor the support of the strong economy of the United States, the markets and the lack of a short -term alternative. Reindustrialization. One of The wishes of Trump, which already connects with his first presidential mandate, is to enhance The manufacturing industry of the US. And in that effort the currency and its strength also play a key role. After remembering the restructuring of the global financial system raised by S. Miran, Donald Trump advisor, Dubois remembers: “It is based on the conviction that the dollar must be depreciated to allow US reindustrialization.” The Republican himself has pointed out that a weaker dollar would also benefit exports. Images | Timis Alexandra (UNSPLASH) and Gage … Read more

The European Union has an ace in the sleeve to negotiate tariffs with the United States: digital services

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The United States is the great world importer. Its economy is the paradigm of consumerism, and China – the great world factory – has taken advantage of it. Precisely Trump’s tariffs –now in pause in almost everyone– They intend to correct that deficit, but not only with China, but with everyone. And the European Union, one of the affectedhas its particular As in the sleeve: its deficit in services. The EU is what the US to the goods. The European Union is a great services importer. In the old continent we are eager consumers of digital services that come from the US and ranging from the subscription to Netflix to the use of platforms such as Azure or AWS. The situation in services is similar to the one Trump wants to correct, but in that USA panorama it is “our China” and the EU would be the US. Europe has digital services deficit. And von der Leyen knows. Ursula von der Leyen, president of the European Commission, has already made it clear that the shots can go in the negotiations for tariffs. As they point out in Financial Timesthe president indicated that the EU will seek a “completely balanced” agreement with Washington during the 90 -day truce to the application of the reciprocal tariffs announced by Trump a few days ago. Trump makes the accounts that agree. The European Parliament already published a study Preliminary of what would happen if the US imposed extra tariffs on EU products, and detailed what the situation of imports of goods and services was. The US only talks about goods (Goods’) of consumption in its analysis, and does not mention the services for a simple reason: it has a deficit of goods (it loses) but surplus of services (it is winning). The EU is losing in services, and if the US applies tariff But it is that the US exports services to every cloth. As they also point out In The Wall Street JournalTrump’s mathematics ignore digital services exports. The former leading role of the United States as a manufacturer, with Ford or General Motors as great examples, has changed: now there the protagonists are the services, but the tariffs raised by the US government take them out of the equation, and that clearly affects the EU. In danger. According to the European Parliament data, in 2023 the EU had a surplus of goods and USA had a service surplus. In the Global EU had a surplus of 48,000 million euros, but in the study they indicate that it is a modest figure that “only represents 3% of the total commercial flow, 1.6 trillion euros.” Tariffs to services. If these negotiations fail, explained von der Leyen, the EU will expand the global trade war on services. The idea would be to include an income tax for digital advertising, something that already outlined with the DSA. The measure could have a remarkable impact on the income of companies that depend on the advertising model such as Meta, Google and Facebook. Evening threats. “We are developing retaliation measures,” said Von der Leyen, noting that “there is a wide Ramgo of countermeasures … in the event that negotiations are not satisfactory.” The advertising tax would be applied in Europe and would be different from taxes to digital sales, which have independent tax burdens according to each Member State. Image | Xataka with chatgpt In Xataka | There is a critical sector that is still expected the worst before the tariffs of the United States: that of medicines

Spain is the second largest almond producer in the world. There are tariffs or farmers, farmers are already in trouble

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The world has entered an impasses. Except for the particular battle between the US and Chinathe rest of the planet is entering a period of calm and uncertainty that will last approximately three months in response to the sui generis Peace flag that Trump raised a few hours ago. Today von der Leyen has announced that the EU also pause the tariffs for 90 days to give “a chance to negotiations.” The problem is that this truce is far from being a return to “normality” and dozens of sectors They are preparing For what can happen. With the enormous problems that can generate: we talk about almond How did the European response work to Trump’s challenge? But, before that, let’s do some memory. On Tuesday, April 8, the European Commission presented its plan to impose tariffs on more than 1,500 US products. Once approved by the 27 Member States, the plan consists of three phases. In the first two (between April 15 and May 16), almost all of those tariffs would come into force. But there were certain products (such as soybeans and almonds) that They would not be affected until September 1. That is why almond is a key product to understand what happens. Or, being more specific, to see the distortions than the simple possibility that tariffs end up entering into force. Because as soon as the Plan’s phases the Coordinator of Agricultural and Livestock Organizations Coordinator He came up denouncing The “the great distortion that the national almond market will experience by postponing tariffs.” Do not forget that Spain is The second world producer of almond. The first, with much difference, is the United States. In the case at hand, the delay of the tariffs “will encourage importers to advance their purchases of Californian almond, causing a sense of excess supply in the domestic market, which will serve as a crop broth for speculation and to press down the prices that our producers perceive.” It will be necessary to see how the campaign of this rainy year evolves, but the problems of almond producers have been the same as those of the olive. That means that if the price collapses, many drying farms will have a really bad time. The tariff delay is, as the COAG defined it“a perfect trap.” 90 days to prepare for the worst. And that means what happens with the almond can happen with many other products. In recent weeks we have seen, for example, the Wine Importers Alliance in the United States (USWTA) recommended “Sorted to US companies that suspend all the shipments of wine, liquors and beer from the EU. “That has happened with many other products: the ‘cancellations’ They have been constant. And this 90 -day truce is the perfect excuse to collect generating distortions in the normal functioning of raw material markets that, without a doubt, will give us some scares. Image | TIM MOSSHOLDER | Michael In Xataka | Right now there are thousands and thousands of tons of olive oil embarking on the United States

The tariffs have cut their wings before taking off

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The luxury articles industry faces a difficult crossroads before the new tariff policies imposed by the US. Although Trump has given a small 90 -day respite To the world economy, the imposition of tariffs up to 20% To European productsis a hard blow to fashion brands, watchmaking and high -end accessories. The luxury sector not only face an inevitable increase in the price of their products, but also puts on the table the future of the labels “Made in Italy” or “Swiss Made” that some of the more expensive and exclusive products as a synonym for design and quality. The luxury industry against tariffs. Europe has been the epicenter of fashion and world luxury for decades. Great brands such as Louis Vuitton, Hermès, Cartier, Chanel, Rolex or Phillipe Pattek thrive thanks to a balance between artisanal tradition and global strategies. However, the scenario has changed dramatically after commercial war drums of the United States. It is estimated that tariffs between 10% and 20% for certain luxury articles manufactured in Europe and the United Kingdom could raise the final cost for the consumer in a market that represents 24% of the total world expenditure on luxury, according to data from data from Bain & Company. Switzerland does not move. The question is even more serious for the watch industry. US has imposed a 31% tariff to Switzerland That, we remember, it does not belong to the EU. At the moment, the Swiss Executive position is not taking reciprocal tariff measures as is doing the rest of Europe, despite Be outraged with a policy that they consider unfair to the Helvetic country. Outstanding brands such as Rolex, Patek Philippe or Tag Heuer are among the most exposed to these increases since their manufacture is made in form exclusive in their workshops in Switzerland and do not consider taking part of the production to the US. Despite this panorama, the Swiss watch industry It is optimistic. They ensure that their main audience, composed of buyers of high purchasing power, will continue paying high pricesand consider that, for them, an extra cost of 31% is a minor inconvenience. Migrar is not on the road map. Given this new context, it could be thought that European luxury brands should consider moving their production to the US, as the automobile industry is being raised, to avoid tariffs. However, no fashion brand and luxury products have expressed its intention to abandon its current production centers. “In each conversation that I have had with customers during the last five to ten days, not even one person talked about building a factory in the United States,” assuredto The New York Times William Susman, managing director of the Investment Bank Cascadia Capital. Signatures like Victorinox, emblematic manufacturer Multipurpose knifeThey have made it clear that artisanal quality is inseparable from their identity and that any change in the location of production would compromise its essence. “This Swiss icon is inextricably linked to the quality promise ‘Swiss Made’. We will remain firm in it,” He sentencedCarl Elsener Jr., Executive Director of Victorinox to New York Times. The only exception is the Louis Vuitton Moët Hennessy (LVMH) group, Bernard Arnault’s holding company, which in addition to having American brands such as Tiffany & Co, It has several factories In California and Texas, that opened Donald Trump himself in his first term. However, that would only free him from the cost of tariffs, since when importing high quality skins and fabrics from Europe and other regions, they would also be affected by reciprocal tariffs. The aspirational client: the great loss for luxury. Such and As they pointed out from Reutersthe US market represents between 20% and 30% of the sales of large fashion groups, cosmetics and luxury accessories such as LVMH, Keing, Richemont or Hermès. That percentage not only supplies millionaires who can pay it comfortably. There is also an important percentage of aspirational customer that, perhaps, is willing to pay $ 2,000 for a bag, but will think about it if that same product costs $ 2,400. “A 20% tariff on European luxury goods could depress luxury sales in the United States, especially for companies such as Burberry and Kering that focus more on a wealthy aspirational clientele than on ultra -up clients,” said the analysts of the Morningstar consultant in statements to Reuters. Another door that closes. The commercial war initiated by the US arrives at a time when, like The luxury cars sectorthe high -end products industry sought to recover from the fall in sales experienced in the Chinese market in 2024. Now, to lower their sales expectations in the US represents a hard blow, especially when the main brands in the sector had already opened new stores in the US, such and as they highlight in Business of Fashion. According to sector analysts, brands should rise between 4% and 6% their prices to mitigate the increase in costs. TO Tenor of the published by Business of Fashion Citing Barclays sources, a negative impact of 1.5% for the Fashion Division and LVMH leather articles and 2.4% for Prada and Hermès is expected. The dependence of the aspirational client would leave more exposed to companies such as Keing (Gucci, Balenciaga, Yves Saint Laurent, etc.) could suffer a fall of 8.7%, while the Swiss watches manufacturer Richemont (Cartier, Piaget, Baume & Mercier, Vacheron Constantin, etc.) could experience a 7.1%drop. All this, when sector forecasts They gave a growth of up to 3% for this year. In Xataka | How Louis Vuitton makes money: of the unattainable luxury to mass luxury In Xataka | Hermés’ heir millionaire adopted his gardener. His fortune has evaporated before he reaches his garden Image | Flickr (Trump White House Archced)

China’s 125% tariffs are the entrance door to an even more drastic process: “decoupling”

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The New Tariff war between Washington and Beijing It is creating the conditions for a total separation of the two largest economies in the world, something that just one year ago seemed unthinkable. What’s happening. Trump has suspended the highest tariffs for dozens of countries for 90 daysbut those applied to China has increased to 125%, marking a clear strategy: isolate Beijing. This rotation is not a decala. On the contrary, it is an attempt to form a common front against China, turning what seemed like a multilateral commercial conflict in a bilateral confrontation. In figures. The magnitude of this break is huge: 73% of the phones that the United States uses from China. 78% computers have Chinese origin. 87% of video game consoles. And 77% of toys. Between the lines. This crisis is not accidental, but calculated strategy. Trump first created a worldwide threat and then appeared as someone reasonable by offering a partial truce. For all except for China, on whom it maintains maximum pressure. “We can reach an agreement with our allies”, said The Treasury Secretary, Scott Besent. “They have been good military allies, although not so good in the economic. And then we can face China as a united block.” The background. 125% tariffs account for a practically impassable barrier for trade. It is not only protectionism, but total economic decoupling. The impact is immediate: Goldman Sachs has trimmed its growth forecast for China From 4.5% to 4% by 2025. Meanwhile, 19 billion dollars have vanished from world stock markets since February, according to Bloomberg. And now what. We go towards A world economy divided into blockssomething not seen from the collapse of the Soviet Union. Beijing has already suggested that he could devalue a Yuan already increasingly weak. And has warned its citizens against traveling or studying in the United States. Chinese authorities have made it clear that they will not be the first step to negotiate, while Trump says he is “waiting” for his call. The key moment. Trump’s strategy goes through a vision of zero sum: use the size of the US market as a lever and create conditions for other countries Choose side. Block. Island. “Trust has vanished,” says Da Wei, director of the International Security and Strategy Center at the Tsinghua University in Beijing. “In the balance between economic development and economic security, security will always be emphasized. This is a long -term change.” Global supply chains have been built for decades of a globalization now questioned. And also now face a change of roles whose consequences are impossible to anticipate with certainty. In Xataka | The EU moves token and approves its retaliation tariffs to the US: we already know when the counterattack will begin to be applied Outstanding image | Xataka

If you do not build its Arizona chips factories, you will face tariffs up to 100%

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Donald Trump Does not take care of your effort with TSMC. During the electoral campaign the current US president said on several occasions that he was determined to make the decisions that were appropriate so that the country that now governs Recover the leadership of the semiconductor industry. Untilly entered the 80s of the last century, it had some of the most robust companies in this sector, such as Intel, Texas Instruments, IBM or Motorola, but little by little it was giving control of a market that Now it is in Asia’s hands. TSMC currently has a global fee of approximately 60% and manufactures avant -garde chips for many US companies, such as Apple, Nvidia, AMD, Broadcom or Qualcomm, among others. This Taiwanese company has factories in the US, such as the Phoenix (Arizona) plant that is about to start the large -scale production of Integrated 5 nm circuits In the N4 lithographic node, but a good part of the semiconductors that he gives to their American clients leave their Taiwan plants. Donald Trump wants to end this strategy. This statement He did it on January 27, a few days after returning to the White House and starting his second presidency: “In the very close future we will impose tariffs on foreign production of computer chips, semiconductors and pharmaceutical products to return the manufacture of these essential goods to the US (…) went to Taiwan; now we want you to return. We do not want to give them billions of dollars Biden. Tariff up to 100% to TSMC are still on the table The stir that has triggered The tariff strategy of the US government throughout the planet during the last week is not precedents. But in terms of integrated circuits in general, already TSMC in particular, Donald Trump has not modified his least. The statement you have made Just a few hours ago during an event of the National Republican Committee of Congress, it places TSMC again in the Center for Care despite the planning to build several more plants in Arizona in the medium term. “If they do not build their plant here they will pay a great tax. Maybe 25%. Or 50%. Or 75%. Or even 100%” “I did not give TSMC money. It is a great company. The most powerful in the world. The largest chips company on the planet (…) is spending 200,000 million dollars in Arizona by building one of the largest plants in the world. All that without money (USA). All I did was: ‘If they do not build their plant here they will pay a large tax. Maybe 25%. Or 50%. Or 75%. Or even 100%“, Donald Trump has argued. It is evident that the goal of having forced TSMC is being pointed out to settle in Phoenix with the purpose of producing avant -garde chips in the US in the US in the US already manufactured to those already manufactured in Taiwan. Trump does not strive in the least to take care of forms. His statements, that of January and yesterday, threatenly threaten TSMC. As I mentioned a few lines above, the first plant of this company in Phoenix is ​​about to manufacture large -scale chips, but its plan does not end here. The second factory will be operational in 2028 and will produce integrated circuits in N3 (3 Nm) and N2 (2 Nm) nodes. And finally, the third factory will not be listed at all until the end of this decade and will produce chips in the N2 (2 nm) node. In addition, the TSMC production infrastructure in Arizona will have two advanced chip encapsulated facilities and an R&D center. At the current situation it is unlikely that this company renounces this project. Image | TSMC More information | Reuters In Xataka | Intel’s plan in front of an unattainable TSMC: beat Samsung and consolidate as the second largest chips manufacturer

suspends his tariffs, although he keeps his finger in the trigger

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Ursula von der Leyen, president of the European Commission, has announced that the European Union now suspends its first retaliation measures against the United States. The decision comes just a few hours after Donald Trump will formalize a 90 -day pause in the new “reciprocal” tariffs that he had just activated. The crossing of decisions that we are seeing is part of a commercial war that already drags several chapters and whose unpredictability, despite the momentary respite, continues to take its toll. It does so in the markets and in a wide variety of industrieswhich analyze the millimeter every movement on a global board more uncertain than ever. Click to see the original message in x A firm posture. Von der Leyen has been clear: suspension is not a resignation. Brussels freeze the countermeasures for 90 days, but keeps up all the necessary steps to apply them if negotiations with the White House do not reach fruition. “All options are still on the table,” he insisted. The approved countermeasures. The European bloc had given green light A day before his own tariffs in direct response to the measures promoted by Washington. The proposal was strongly backed by the Member States, on the argument that American tariffs were “unjustified and harmful” for both economies. The plan contemplated applying 10% and 25% taxes to consumer products such as appliances, motorcycles, recreation vessels or even cards, in addition to food products such as sausages, poultry and other agricultural products. Personal care articles would also be included, such as dental thread. Not all tariffs enter pause. Trump’s pause affects only the so -called reciprocal tariffs, which had been set at 20% for the European case. However, other measures are still standing: 25% to imports to steel and aluminum from the European Union, and the same percentage for European cars. And even if there is pause, the EU is not beyond the reach of Washington: its exports will continue to face a base tariff of 10%, a minimum rate that applies to all countries affected by the reciprocal tariffs now suspended and that will remain in force for 90 days, except some other change of the Trump administration. The fight focuses on China. While gives air to its allies, the United States focuses more than ever in China. In less than a week, Import tariffs of Asian giant have climbed from 54% to 145%. China has responded along the same lines, With a rise in their own tariffs to 84%, and could climb even more. Uncertainty continues in the air. There are 90 days ahead and many open unknowns. It is possible that Europe finds a balance point with Washington, but on the scene what may happen with Beijing. To talk about China is to talk about the second largest economy and the “world factory.” Any tariff climbing with China is not limited to the two powers involved: its effects can move to the global supply chain and have a direct impact on strategic sectors such as electronics, automotive or the pharmaceutical industry. In such an interconnected economy, any prolonged tension can cause unwanted effects. Images | Pascal Bullan | European Parliament | The White House In Xataka | Apple and Trump’s dance is taking shape: threat, panic … and an imminent exemption In Xataka | There is a critical sector that is still expected the worst before the tariffs of the United States: that of medicines

There is a critical sector that is still expected the worst before the tariffs of the United States: that of medicines

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For three decades, pharmaceutical products have enjoyed green light in international trade in terms of tariffs. However, the commercial war unleashed by the tariffs of the new US government does not understand essential products. Change of course. Upon yesterday, President Donald Trump announced A 90 -day truce to the introduction of tariffs in many countries. Did it one day After ensuring During the National Committee of the Republican Congress an upcoming introduction of “Great tariffs”To the pharmaceutical sector. This raises an unknown to the European pharmaceutical industry, whose immediate future depends on whether this moratorium also means a pause in tariff fever that this week promised specific rates to this sector in principle exempt from tariffs that affect general trade. An industry with its own rules. And until now the pharmaceutical industry had enjoyed tariff exemptions under the Agreement for Pharmaceutical Products of 1994 of the World Trade Organization, agreement in which the European Union, the United States and other countries such as the United Kingdom, Switzerland or Japan participate. The agreement eliminated tariffs and other surcharges in a variety of drugs and pharmaceutical products. Tariff war. All this is part of the context of a commercial war unleashed by the new US tariffs. Although the tariff issue raised months on the table, the storm broke out last Friday when Trump announced outside the White House the amount of “reciprocal” tariffs that would be taxes to each country (already the European Union). Yesterday, when the tariffs seemed to come true, the president of the United States turned back (more or less). He did announcing 125% tariffs on Chinese products and a 90 -day moratorium on other countries. “Fast and radical” action. Trump’s announcement of industry -specific tariffEuropean Federation of Pharmaceutical Industries and Associations), appealed to the president of the European Commission, Ursula von der Leyen, take actions “fast and radical“Aimed at avoiding the” risk of exodus “of European producers to the United States. On the other side of the puddle, analysts do not see this hypothetical exodus clear. “Although the details are scarce, we are strongly opposed to tariffs to any pharmaceutical product: these will probably do little to bring their manufacturing again to the US.” pointed to Reuters Evan Seigerman, BMO Markets BMO analyst. “Given the complexity of the pharmaceutical supply chain, we do not expect the industry to make substantial changes.” Ozempic, in the eye of the hurricane. In recent days, Lars Fruerd Jørgensen, CEO of Novo Nordisk, has also spoken, the company he developed Ozempic and Wegovy. The Danish company manager expressed a certain degree of concern: “Of course there will be short -term impacts while mitigating the impact of tariffs,” collect Bloomberg. Ozempic’s case is relevant. On the one hand, for months we have seen how the demand for this drug against diabetes converted into weight loss treatment far exceeded its offer. The Danish recipe has, on the other hand, with a competitive formula created in the United States, the tirzepatida we found in Zepbound and Mounjarocreated by Eli Lilly laboratories. The manager also put the focus on generic drugs. “As much as the highest category of drugs is that of generic medicines,” It also pointed to Bloomberg. “If you put tariffs, it is difficult for me to see that it will not lead to another situation of medicine shortage or in general to an increase in prices.” Despite this, the United States closely follows the future of prices of this drug to the point where they have spread Bulos on false tariffs To this product. From Australia to Spain, through India. The question of the genericians has had echoes in distant countries such as India and Australia. In the “Aggravic list”Commercial of Spain, the pharmaceutical issue was manifested in a concern for pricing measures in pharmaceutical products, among other issues. It is not only Spain: in Australia, the PBS program (Pharmaceutical Benefits Scheme) has been at the center of the tariff discussion. This mechanism dedicated to the pricing of pharmaceutical products homogenizes drug In an article for The conversation Deborah Gleeson, from the University of La Trobe. A key country in all this is India. This country is an important drug supplier for US pharmacies. Asian giant producers They fear that tariffs raise the price of their products, which will ultimately lead to a product increase in the US market. In Xataka | There is something more disturbing than the collapse of the bag: the collapse of the shelter values ​​such as the US dollar and debt Image | Glsun Mall

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