Meanwhile,
American customs duties climb 20.1%:
Customs duties applied by the United States amount to an average of 20.1% after the entry into force of new taxes for dozens of countries Thursday. However, according to the calculation updated on Friday of the WTO and the IMF, their highest level since the early 1910s except a few weeks of 2025.
The announcement. Therefore, on April 2, of all-round customs duties and successive bids targeting the main trade partners of the United States, China in the lead, had briefly made the average rate jump at 24.8% in May. calculated the WTO and the IMF-of unheard of since 1904, according to data from the United States International Trade Commission.
In the 1930s, the rate, calculated by dividing the amount of taxes by the amount of imports, rose to almost 20%.
The rate updated Friday by the “Tariff Tracker” the WTO. the IMF Apply the rates american customs duties climb 20.1% announced by product to the volumes of trade of 2024.
87 billion collected in the first half – American customs duties climb 20.1%
Coming in relation to the theoretical level of late June (17.3%). it joined the new taxes that set in force Thursday, an increase in certain customs duties aimed at Canada, Brazil and refined copper, as well as trade agreements with the EU, Japan and South Korea.
In the first half. the US Treasury collected a net amount of $ 87 billion in customs duties, more than the total of the year 2024, according to data from the Ministry of Finance, which show a spectacular increase since April 2025.
Other tools to protect the market
Customs duties represent only part of the tools available to countries to protect their market. their national producers. Import quotas, standards, or local content requirements may, in some cases, have a significant impact on exchanges.
This pricing policy also has an economic cost. According to american customs duties climb 20.1% a study by the Yale Budget LAB, the real growth of American GDP in 2025 and 2026 will be 0.5 percentage point each year due to new customs duties.
AFP/HKR
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