Back to square one. Four months after the first announcements of new customs duties by Donald Trump, the United States’s trade policy is still so vague. For the past week, the American president has sent a new salvo of threats.
Monday, July 14, he had already shipped 25 letters which announced for the 1is August 25 % taxation on imports from Japan, South Korea, Kazakhstan and Tunisia; 36 % for Cambodia and Thailand, 40 % for Burma, 50 % for Brazil … In terms of commercial volume, the largest threats are aimed at Canada (35 %), Mexico (30 %) and the European Union (30 %).
Oral threats must be added to impose “Secondary customs duties” on Russia 100 %. In total, they would be equivalent or superior customs duties to those announced on April 2, “Liberation day”. Negotiations carried out since this date apparently have been useless.
“Less and less credible”
“Donald Trump’s goal is to scare, but it’s less and less credible”estimates Thierry Mayer, professor of economics at Sciences Po and scientific advisor for the Center for Prospective Studies and International Information. The almost indifferent reaction of European financial markets, Monday, July 14, confirms this impression: in France, the CAC 40 lost only 0.27 %, in Germany, the Dax 30 fell by 0.39 %.
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