Trump is putting old tariffs into effect and announcing new ones. What the media is writing

US President Donald Trump announced the entry into force of previously announced tariffs ranging from 10 to 41% against 69 countries and territories, as well as the European Union. At the same time, he threatened India with an increase in duties to 50% for the purchase of Russian oil, and also announced plans to introduce a 100% tax on semiconductor imports. What the media write about Trump's tariffs is in the Izvestia digest.

Axios: Trump noted the entry into force of new tariffs

Trump celebrated the entry into force of his new tariffs on goods from dozens of countries, saying they would bring "billions of dollars" into the U.S. economy. He stressed that these measures will help strengthen the American industry, despite warnings from businesses about possible price increases for consumers. At the same time, Trump continues to support his trade policy, arguing that it is necessary to protect the interests of American workers and manufacturers, as well as to balance international trade relations.

The Trump administration has already concluded trade agreements with key partners, including the European Union, Japan, South Korea, and the United Kingdom. But despite these deals, the United States continues to impose new tariffs on goods from countries with which agreements have not yet been concluded. For example, if the UK faced a 10% tariff, then Syria was fined 41% on its goods exported to the US.

Bloomberg: Trump announces new tariffs on semiconductors

Trump has announced plans to impose a 100% tariff on semiconductor imports, which could significantly affect global electronics. However, he promised to exempt companies such as Apple from these duties if they return production to the United States. This decision continues to increase trade pressure on other countries, while American companies are trying to adapt their strategies to avoid being affected by the new tax measures. The news has caused a stir among trading partners who are trying to figure out how to adapt their supplies to avoid increased duties.

Apple has promised to invest an additional $100 billion in production in the United States, which will be part of its strategy to expand production capacity in the country. Part of these funds will be used to create a new factory in Kentucky to produce glass for the iPhone, as well as to increase jobs in other states. These steps strengthen Apple's position in the American market and minimize dependence on foreign supplies and risks associated with external economic factors.

NBC News: Trump doubles tariffs on India to 50% over Russian oil purchases

Trump has announced that he is doubling tariffs on goods from India, raising them from 25% to 50%. This decision is due to the fact that India continues to purchase oil from Russia, despite pressure from the United States and the international community. Trump noted that the new tariff of an additional 25% will take effect within 21 days and will be added to the already announced duty.

Trump also expressed dissatisfaction with the relocation of production facilities from China to India and other countries, adding that companies operating in India could face high tariffs on products. Attracting production back to the United States remains an important part of its economic strategy. Referring to the latest data, Trump claims that such measures will help restore jobs and strengthen the economy, despite the possible increase in the cost of goods for consumers.

The New York Times: China's exports are growing, but not to the US

China's exports increased significantly in July, beating forecasts, as Chinese companies sought to quickly ship goods to Southeast Asia and other regions, often to be shipped onward to the United States to avoid new tariffs. While China's exports as a whole grew by 7.2%, shipments to Southeast Asia and Africa, key regions for further redistribution of goods to the United States, increased more than twice as fast. However, exports to the United States directly decreased by 20%, due to the caution of American buyers expecting an increase in tariffs.

Despite the negative forecasts, Chinese companies were able to increase exports to Europe and other emerging markets, trying to offset the impact of the US tariff policy. In particular, China's exports to Southeast Asian countries continue to grow, which experts say has helped balance the growing trade deficit with the United States. However, many companies producing goods in China began to look for alternative markets for their products, which also affected the region's economy.

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CNN: What does Trump want to use the revenue from tariffs for?

Trump boasted that fees from new import tariffs have reached a record. He said that last month the U.S. government received almost $30 billion, which is 242% more than in July last year. Trump also noted that since April, when tariffs of 10% were imposed on almost all goods, the treasury has received $100 billion, which is three times more than in the same period last year.

Trump suggested two possible ways to use the funds raised: reducing the national debt or paying "tariff refund checks" to Americans. However, none of these solutions have been implemented yet. The amounts collected from tariffs do not yet cover the budget deficit of $1.4 trillion, but they have nevertheless allowed it to be reduced, reducing the need for additional borrowing. While economists warn that such a measure could lead to inflation, Trump and his administration are confident that with a combination of tax breaks and tariffs, the U.S. economy will grow in the long run.