Trump’s new tariffs come into force in the escalation of the trade war

US President Donald Trump President Donald Trump has come into force in the escalation of his trade war.

“It’s midnight!

Earlier, the president struck India with a 50% tariff that will take effect on August 27, unless Stops buying Russian oilS

Trump also threatened a 100% tariff for foreign computer chips as he pushes technology companies to invest in the United States. Came when Apple announced a new $ 100 billion (£ 75 billion) investment in the US After falling under pressure from the White House to move more production to America.

Last week, the Trump administration announced a revised list of taxes on the import of dozens of trading partners and extended the deadline to reach agreements with the United States until August 7.

Countries compete to make deals with Washington to lower – or scrap – what Trump calls “reciprocal tariffs”.

His commercial policies are aimed at reshaping the global trading system that he sees as a treatment of the United States unfairly.

Exports dependent in Southeast Asia were among the most affected of the new tariffs.

Production focused Laos and Myanmar collided with some of the highest levies at 40%. Some experts said Trump seems to be directed to countries with close trade With China.

Some major economies – including Britain., Japan and South Korea – You have already reached agreements to obtain smaller rates than Trump threatened in April.

Thehe European Union He also achieved a framework deal with Washington, in which Brussels accepted a 15% tariff for goods from the trade block.

Taiwan, a key ally of Washington in Asia, received a 20% tariff. Its President Lai Ching said the percentage is “temporary” and this is talking to the United States are still underway.

Last week, Trump increased Canada’s tariff rate by 25% to 35%, saying that the country “failed to cooperate” in limiting the flow of fentanyl and other medicines across the US border. The Canadian government says it fails with narcotic bands.

But most US Canadian exports will avoid import tax due to an existing commercial agreement, the United States Agreement Mexico-Canada (USMCA).

The higher rates for Mexico have been stopped for another 90 days as negotiations continue to reach a trade deal.

On Wednesday, Trump said he would impose a 100% tariff of foreign semiconductors.

Main chip mace This made significant investments in the US seem to have avoided the new tariff. Government officials in Taiwan and South Korea have said in separate statements that TSMC, SK Hynix and Samsung will be released from the new tax.

The White House did not immediately respond to the BBC’s request for explanation.

The BBC also contacted SK Hynix and Samsung. TSMC declined to comment.

Also, on Wednesday, Trump raised the total tariff for India to 50%as it pushed the world’s third largest importer in the world to stop buying oil from Russia.

New Delhi called this move “unfair, unjustified and unfounded” and vowed to defend his national interests.

Brazil’s exports to the United States are also confronted with a 50% tariff. Trump imposed the fee after accusing President Luis Inasio Lula da Silva of being unjustly attacking US technology companies and called for the prosecution of former President Jeir Bolsonaro for being claimed to have tried a witch hunting coup.

The US and China have held a series of conversations as they tried to agree with an extension of a 90-day pause at the tariffs, which is due to expire on August 12th.