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Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
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  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
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Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
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12 Mar 2025

EC President von der Leyen: EU responds with countermeasures to US tariffs on steel

European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) has launched 'swift and proportionate countermeasures' on US imports in the EU in response to steel tariffs.

Additional comments

EU responds with countermeasures worth EUR26 billion.

It will reimpose suspended 2018 and 2020 rebalancing measure and will introduce new measures.

Measures will be imposed in two steps from April 1 to 13.

Market reaction

The Euro (EUR) has come under moderate selling pressure on these headlines, with EUR/USD losing 0.15% on the day to trade near 1.0900 as of writing.

Tariffs FAQs

Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.

Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.

There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.

During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.

 

Mar 12, 2025

USD/CHF strengthens to near 0.8850 ahead of US CPI inflation release

The USD/CHF pair trades in positive territory for the third consecutive day near 0.8840 during the early European session on Wednesday.
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Mar 12, 2025

UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.

UK Trade Minister Jonathan Reynolds said on Wednesday that they are “negotiating a wider economic agreement to eliminate additional tariffs.” Further comments It's disappointing that the US has imposed global tariffs on steel and aluminum.
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