So far we were saying that there was a harsh trade war between the United States and China, but this is spreading to the global scale with the new Donald Trump era in the USA. Recently, Trump signed decrees to apply customs duties to Mexico, Canada and China within the scope of IEEPA. This decision was taken to force the US largest trade partners to remain loyal to the promises of the US’s largest trade partners to stop illegal migration and prevent dangerous drugs such as Fentanil.

According to the new regulation, 25 percent additional customs duties will be applied to products imported from Canada and Mexico. However, the energy products from Canada were exempted in this context and limited to a 10 percent tariff. The products imported from China will be subject to 10 percent additional taxes.

Price increases at the door

The tariffs, which are expected to enter into force on Tuesday, are expected to have large -scale effects on the US economy. Mexico, Canada and China are the largest trade partners of the USA. According to the US International Trade Commission and the Ministry of Commerce, these three countries are among the largest USA in many areas from agricultural products to automotive and electronic sector, from fuel to furniture.

Especially in the agricultural sector, Mexico is the country that exports the most fruit, vegetables and nuts to the USA. Canada is the US largest red meat supplier. In the automotive industry, these two countries meet most of the US imports. In addition, approximately 60 percent of the crude oil imports to the US comes from Canada. For this reason, new tariffs are expected to withdraw fuel prices in the USA.

In the electronic sector, China is the largest supplier. Toys, furniture and plastic products are also quite high imports from China. Trump’s pre -election campaigns, as promised in China, if the rate of customs duties reached 60 percent, CTA, 46 percent of laptops and tablets, 40 percent of video game consoles and 26 percent of smart phones reported that we could see a price increase.

So is that much? No. In the future, Trump signaled that he could bring additional customs duties in critical sectors such as imported semiconductors, drugs and steel.

Rishing came from Canada and Mexico

Trump’s new tariffs came from Canada and Mexico. Canadian Prime Minister Justin Trudeau announced that 25 percent customs duties will be applied to products worth $ 107 billion imported from the United States. The Mexican government has also announced that it has evaluated similar measures.

The new chip crisis is waiting for his turn at the door

Trump’s “new customs duties ındaki in Trump’s agenda seem to be not limited to these countries. Trump said in a previous statement that Taiwan has about 98 percent of the chip sector, “We want them to come back … They needed a incentive and this incentive, 25, 50 or even 100 percent of the tax will not want to pay,” he said .

After that, Taiwan’s Ministry of Economy said in a statement that he would support the companies planning to move to the US and help them find partners. Taiwan, one of the most important manufacturers of technology products such as semiconductors and electronic parts, is vulnerable due to the fact that many companies have factories both in Mexico and China and Trump threatens to import chips.

TSMC, the world’s largest semiconductor manufacturer, is in Taiwan. Taiwan’s biggest investment in the United States came from the chip manufacturer TSMC. The company is currently building factories in the USA.

The shares of Taiwan technology companies with factories in Mexico experienced a big decline on Monday; Foxconn lost 8.1 percent, Quanta 9.8 percent and Inventor lost 6.7 percent. In terms of context, Taiwan, Canada, Mexico and China are the top 10 of the countries where the US has a foreign trade deficit.

New taxes are not limited to these. President Trump, in his statement to journalists on Friday, especially in the taxation of the goods imported from Europe plan to “do something important” by stating that he plans to “will I apply customs duty to the European Union? Do you want a real answer or should I give you a political answer? ” he said. “Absolutely, absolutely,” Trump said, when the journalist asked for a real answer. From this perspective, we can say that with the arrival of new recipes, costs will increase in semiconductor production and this may be reflected to consumers. This reflection will be on other products, as well as smart phones, processors, graphics cards and other semiconductors.