Banca March | In less than 100 days, Trump has imposed the highest tariffs of the last 100 years, increasing the average rate from 2.5% to 24%. Last Wednesday night, he announced a base global tariff of 10%, which came into effect on Saturday. For those countries with a trade deficit, a higher rate applies, which will begin next April 9th. This is the case for the EU, which from…

Banca March | On Wednesday, the US president signed an order instructing the Department of Commerce to carry out an investigation under Section 232. This same mechanism was used in 2017 to establish tariffs on steel and aluminium after a year-long analysis and, therefore, it could require a similar period in this case. Secretary of Commerce Howard Lutnick said the action will also look at products containing copper and stressed…