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Why do Trump want duties? And what is the risk of Italy?

In recent times, the topic of duties has returned to the heavy At the center of economic and geographical political debate. Trade tensions between the United States and China, the protectionist policies announced by Donald Trump and the EU’s new economic strategies have focused on the subject. But what are the duties actually and why are they so important to the global economy?

What is the meaning of duties?

Dazi Applied to imported goods from one country to another.

Primary Duties are to protect a country’s economy and to organize international trade, to prevent unfair trade practices and promote some policies to maintain financial balance.

In addition to being economic policy tools, in fact, duties are often used Diplomatic levers In trade disputes between states.

What are the duties in economics?

From an economic point of view, duties come under the name of SO Protective stepsThis is the government’s intervention aimed at limiting free trade to protect some industrial sectors. There are different types of duties, including:

  • I value Dazi advertisement That is, calculation – as the name itself suggests – as one percent in relation to the value of imported goods.
  • Specified dutiesFixed, which is priced on a specific unit, such as weight, volume or quantity of products.
  • I dazi antiidumpingApplies to imported products from dumping countries, that is, when an exporter sells its goods at a lower cost than its normal price or production cost, so that the destination market gets unfair competitive advantage. What can be done

Who pays the duties and how they are calculated

It is often believed that duties are paid by fully exporting countries, but the reality is more complicated, as the duties are burdened Imported companiesWhich then takes off the costs Final users Through the rise in prices. For example, if the United States imposes 25 % duty on European cars, car manufacturers and dealers will face extra costs, partially or completely transferred to consumers.

Customs duties are established on the basis of a number of standards. First, Each product has a specific code In the name of the International Tariff, but the specific trade agreements between the country’s origin and countries may vary. The same may be based on calculation Charge To import or declare it on Prices References set by customs authorities.

In fact, Are responsible for the customs and customs of each country Incoming goods tax.

Why do Trump want duties?

This is not a new topic that Donald Trump’s duties. In fact the US president has re -launched thisAlready discussed duties in 2018In his first election, he issued a trade war with Beijing and imposed hundreds of billions of Chinese products.

Its strategy, based on slogans “First America”Purpose Reduce the trade deficit (In fact, Trump has always accused China and other countries of taking advantage of the US market, and they export more than imports from the United States) and Protect US industries (Especially in steel, aluminum, automotive and high tech, sectors are considered strategic for the national economy), discourage imports and discourage US trade.

In fact, Trump’s position has not changed much. After the settlement ceremony, in fact, their first intervention was to announce The new universal duties of 10 % On all importsClaiming that the US economy will be launched again. However, economists and analysts have warned that this policy could increase consumer prices and mobilize a new global trade tension.

Because too much is talked

TRMP policies related to duties have already had a lasting impact on global trade in the past and is still in danger. Regarding decisions and agreements, therefore, it depends on the destiny of many economies.

Just think that there is a trade war between the United States and China Created and powerful economic and political uncertainty To impress international markets for many years, even under the Biden administration, to this day.

From these problems Italy is not exempt This, being one of the major European economies, which is important in the United States, will face negative reflection of the imposed rates.

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