We will feel this from Trump’s protective dumps
- Donald Trump introduced protective tups to imported products
- 20 percent for products from the European Union, 34 per cent for the Chinese, 24 for Japan and 10 per cent for the United Kingdom
- Introducing US Customs can result in cheaper imports to the Hungarian market
At the ceremony held in the garden of the White House He called April 2 as the day of liberation, so he signed his customs decree, which almost immediately won the « revenge » nickname in the press.
20 percent for products from the European Union, to the Chinese 3424 % to Japan and 10 percent for the UK to mention only the main countries. The worst, however, is car manufacturers: a uniform amount of 25 percent duty for each vehicle from markets outside the United States. Currently, about half of the cars running overseas are imported and Trump expects the Duties under the influence of many manufacturers Then it builds a plant in America to be exempt from the burden.
How can the American criminal are affecting the Hungarian economy?
– My US protector, which has been launched to the European Union, affects all Member States, so Hungary. Hungary has a much higher foreign trade positive compared to full product traffic. In 2023, our product import from the United States was HUF 1053 billion, while our exports were HUF 2379 billion, which is 4.2 percent of our total export, explained Levente Tóth, a senior analyst at Bank360. – At the same time, many foreign products, such as a car, can be affected by a criminal dish, which includes parts, components and raw materials from Hungary. If less of these can be exported overseas, Hungarian suppliers will suffer the same way.
There are several car manufacturers in Hungary, most of which will be the Germans, Audit, BMW and Mercedes. To our question, Suzuki, who had previously operated in Esztergom, replied that they would not export cars to the United States, so they are not expected to be affected by duties.
« THE Thanks to the current vehicle factory and engine factory product portfolio, our production utilization is high, and in the coming years we will also expect high levels in Győr, « said Audi’s communications department as to ask whether America is really charged with severe duties from abroad.
Győri is the world’s largest engine factory, contributing six percent to Hungarian exports. We have also learned that the introduction of duties will not affect their wages for their employees – Mercedes and BMW have not yet answered our previous questions.
At the same time, the German car manufacturer’s giants are preparing for serious austerity: Volkswagen has gone to this year with 35,000 layoffs, and BMW is reportedly expected to produce only 80-90,000 in Debrecen’s plant in Debrecen. In Germany, Audi breaks 7,500 jobs, Mercedes has set a cost reduction of EUR 5 billion ($ 2000 billion), a Bild According to, up to EUR 500,000 (200 million forints), you can get severance pay, who voluntarily terminates.
ZF Hungária Kft., A German -based automotive supplier, sent 110 workers by February, and the reason was the decline in orders – including Mercedes and BMW.
The question is also rightly raised: can I bring some positive for us by the American criminal rate?
– As a result of US duty, they can earn new markets for products that have been shipped so far, even at the cost of being given much cheaper. This can even have a positive impact on the Hungarian market if imports can be cheaper.
According to a foreign policy expert, Botond Felledy also has a political risk to take Trump’s action, and surprisingly, most of them.
« The current measures may result in the fact that farms outside America not only maintain their globalization relationships, but also accelerate this process, » the expert said. – In the United States, the measure can bring rough inflation and retaliation from other countries.
With the help of Levente Tóth, an expert at Bank360, we have compiled a brief summary of what to know about US duties and their expected effects.
Why did Trump put customs duties into the whole world?
– According to Trump, the countries of the world live from America because they sell much more products to the United States than they buy. Customs wants to make US companies in a better position on their domestic market against goods from abroad. And the foreign company that wants to sell in America should be forced to create a factory there.
Do the other countries really live from the United States market?
– America is the largest market in the world, if not in the number of people, in any case. It is understandable that everyone wants to sell there, there is demand for this, and for many goods, the United States does not want or can fully supply themselves from their own production.
How can the new duties imposed on the companies concerned can affect the companies concerned?
– Duties make products exported to America more expensive, which will reduce or even cease demand there. As a result, companies that export to the United States may be forced to reduce their production and layoffs.
How can the new customs duties be affected by America?
– Duties can indeed increase domestic sales, but they can definitely lead to prices for Americans. On the one hand, imported products can increase significantly, and on the other hand, their own domestic manufacturers can raise their prices.
Donald Trump announced a brutal customs measure: The whole world economy is shaking into what comes