Trump's duties to Europe from April 2: « It will be the day of our liberation ». Which products will be affected?

«April 2 is the day of America's liberation! For decades we were robbed and abused by every nation in the world, both friend and enemy». Until recently, anyone who claimed that the most powerful country in the world was plundered by every nation on the terracqueous globe would have received a loud laugh as an answer. But Donald Trump was able to promote a sense of victimization in its supporters who does not need to deal with reality. And so, on March 21, the President of the United States commented in this way the date in which the duties will enter into force on a series of products imported into the United States from different countries, including the European Union. « Now the time has finally come for the good old United States to get back a little of that money and respect, » said the president.

Which European Trump products will hit?

But what will be the European products that will be affected on April 2? And how much will the percentage of the gabella be? Difficult to say at the moment. Trump suggested that There could be a certain « flexibility » In the way the duties will be imposed, but at the same time he also hinted that he does not want to accept many requests for exemption. « People come to me and talk about duties and ask me if they can have exceptions, » said the president by answering a question about the rates in the oval study. But « once you do it for one, you have to do it for everyone ». So, Yes to a certain flexibility, but nobody hope to be exempted. « It is basically a double sense road, » explained Trump. According to his reasoning, the imposition of these taxes is a fair process, but also a retaliation: «We will impose anything on it. We will do whatever they do, « he blurted out.

Trump's accounts

As we know, from his return to the White House, on January 20, Trump supported the introduction of duties To correct those who consider unjust commercial deficits for Washington and also as a pressure measure against Mexico, Canada and China to reduce the flow of Fenanyl to enter the borders of the United States. Trump estimates that his policy is already giving results. «I don't have enough time to keep so many press conferences, but I would say that, so far, At least 4 billion dollars come from car companies. And, even more important, many of those who should have produced in Mexico or Canada will now do it here because I don't want vehicles from Canada or Mexico, « said Trump ignoring, in fact, The alarm launched him last week by Elon Musk's Teslawho had written to the trade office to warn that the rates promised by the president could make the production of vehicles in the United States more expensive.

ECB: « Dice of 25% will burn 0.3% growth for the EU in the first year »

If Trump goes all the way with his threats, the repercussions for the European economy will be heavy. The ECB has made it known that Using 25% duties on European imports « would reduce the growth of the euro area of ​​about 0.3 percentage points in the first year», While the EU counter-dazio would bring the impact » to about half a percentage point « , as the president warned Christine Lagarde. Meanwhile, Brussels has decided to postpone the entry into force of the responses to Trump's duties on EU steel and aluminum; In part to align the start of all European measures and start them from mid -April (while contacts continue with the states on how exactly they will be designed), in practice to give more time to a possible negotiation with Washington.

The Italian anti-Dazi plan

And Italy? For now we will get between finding a strategy for Italian exports that compensate for any repercussions generated by the duties (Export to the United States is worth only 10%) and the choice of Prime Minister Meloni that he wants to continue having a dialogue with the United States. The gaze, therefore, is now aimed at non-potential non-potential markets, with an action plan presented on March 21 at Villa Madama by the Foreign Minister Antonio Tajani. The goal is to reach 700 billion exports by the end of the legislature, starting from the current 623.5 billion, focusing on emerging markets such as Saudi Arabia, Turkey, United Arab Emirates, Mercosur (especially Mexico and Brazil), Western Balkans, Africa and Asean countries (above all Thailand, Indonesia and Vietnam). The emerging markets, after all, already cover 49% of our global exports, « but it can be done even more », says Tajani.