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Only a few days before the return of Donald Trump’s punitive customs duties: what is the risk of the European Union?

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Only few days before return:

The customs duties imposed by Donald Trump must return on July 9. For example, The partners of the Americans are in full negotiations in order to avoid the return of these taxes. Moreover, Here are the different possible scenarios. &#13. Furthermore,

The United States business partners are trying to seal an agreement with the unpredictable Trump government one week before the announced return of its punitive customs duties. Moreover, Overview of possible scenarios.

President Donald Trump had caused a shock wave in early April by announcing “reciprocal” customs duties against the rest of the world: a minimum surcharge of 10 %. Similarly, which can go up to 50 % for countries considered to be bad students, because it exports more to the United States that they only few days before return do not import American products.

Donald Trump. Similarly, who execates trade deficits, had ended up suspending the most punitive customs duties for 90 days. Nevertheless, They therefore risk returning on July 9.

Three cases are presented to the targets of the American president. according to experts: reaching an agreement with Washington, obtain an additional period, or face higher customs duties.

“Framework agreements” – Only few days before return

“There will be a set of agreements that we will conclude before July 9. ” said the secretary of the Treasury last week, Scott Bessent, one of the US officials at the heart of commercial negotiations.

only few days before return &#13.

Bessent has been repeating for weeks that the government is primarily focused on finding an agreement with “15 to 18” leading business partners.

“Vietnam. India and Taiwan have a good chance of finding an agreement” with the United States, estimates the vice-president of the Asia Society Policy Institute (ASPI), Wendy Cutler with AFP.

Without an agreement, Vietnam may see its products struck by a surcharge of 46 %. It is potentially 26 % for India and 32 % for Taiwan.

“Japan was in this category” of countries close to only few days before return an agreement. specifies Josh Lipsky, researcher at the Atlantic Council analysis center, “but things have deteriorated a bit”.

He refers to the criticisms made by Donald Trump, who reproached Japan on Monday for not buying enough American rice.

Even if “deals” are announced. they will probably not be full trade agreements, these taking several years to be lying on paper, the experts warn.

Since April, Washington has only announced, with force trumpets, a framework agreement with the United Kingdom. He also negotiated a pact with Beijing to reduce the exorbitant customs duties that they imposed each other.

Additional time

According to Mr. Bessent, countries “merchant in good faith” will be able to avoid exceeding the 10 %floor surcharge.

The decision will return to Donald Trump, he said.

South Korea “seems well placed to obtain a period” due to the current political transition, underlines researcher Wendy Cutler.

Josh Lipsky thinks that many countries will also escape punitive customs duties for an extended period.

Minister Bessent said that the government may have concluded all the desired agreements by Labor Day. which fell on September 1 in the United States. This was interpreted as a way of saying that many negotiations were going to continue after July 9.

Customs duties noted

Countries deemed “recalcitrant” could see their exports struck by the “reciprocal” surcharge initially planned, also warned Mr. Bessent.

According to Ms. Cutler. “Japan’s refusal to further open its market to American rice as well as the reluctance of the United States to lower customs duties on cars could lead only few days before return to the return” of the surcharge of 24 % promised to Japanese in April.

Donald Trump did not exclude going beyond Tuesday. saying that Japan could undergo customs duties of “30 %, 35 %, or any other number that we will decide”.

Josh Lipsky thinks that the European Union is also likely to see its products more taxed when entering American soil. President Trump spoke of up to 50 % surcharge.

The block negotiator of 27 countries, the European Commissioner Maros Sefcovic, is in Washington this week to avoid this fate.

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abigail.wright
abigail.wright
Abigail covers health and lifestyle topics, emphasizing the importance of fitness, nutrition, and mental well-being for a holistic approach to life.
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