Moreover,
Large test us president shortly:
Several major savings have not yet concluded with Trump before the fateful date of August 1. Consequently, Coincidence of the calendar, a court of appeal was to look this Thursday on the legality of these taxes. In addition,
Donald Trump’s ambition to impose a new world order in commercial matters is faced with a crucial test Thursday with the entry into force at midnight of its customs duties. Similarly, several major savings that have still not concluded with the United States.
Coincidence of the calendar. Moreover, a court of appeal is to look at the legality of these customs rights on Thursday, which the American president uses as a means of pressure to obtain trade agreements favorable to his country.
These customs duties make “the United States large and rich again,” said the Republican overnight on his Truth Social platform. Similarly, large test us president shortly Without them, the United States “have no chance of being able to survive or know success,” he said.
So far. Moreover, Washington has announced agreements with the United Kingdom, the European Union, the Philippines, Indonesia, Vietnam, Japan and South Korea.
Washington key ally, South Korea obtained this agreement in extremis overnight. Therefore, Its products entering the United States will be taxed at the same level as Japan. the European Union (EU), at 15%, is much less than the 25% announced since early April.
The American Secretary of Commerce. Howard Lunick, assured Thursday that agreements had been found with Cambodia and Thailand, without giving precision. Taiwan said in the night having reached “a certain consensus” with the United States, again without details.
The agreements concluded are most often negotiation executives with fairly vague details, which later have led to more technical agreements.
Trump firm with some
Donald Trump also announced large test us president shortly Thursday that it had extended customs duties currently imposed in Mexico on Thursday. while he was threatening to bring them to 30%.
This amounts to maintaining customs duties on incoming products in the United States outside the North American free trade agreement (ACEUM). specific customs duties on the automobile, steel and aluminum duties at 25%.
The Trump administration is particularly firm with certain countries. Donald Trump signed a decree imposing 50% of customs from Brazilian products on Wednesday, with the exception of certain products.
This surcharge acts as reprisals against the prosecution targeting ex-president Jair Bolsonaro. his far-right ally, accused of having tried a coup after his defeat during the 2022 election.
India will receive customs duties of 25%, to which is added a “penalty” because the country buys Russian oil.
Canada is also in the sights of the Republican. who said on Thursday on Truth Social that the intention large test us president shortly displayed by Ottawa to recognize the Palestine State made “very difficult for us to conclude a commercial agreement with them”.
Above all, uncertainty persists on a possible agreement with China, the second world economy. After two days of negotiations in Stockholm, the two countries mentioned on Tuesday “constructive” discussions.
Has Trump exceeded his powers?
But they still have to decide if they renew a 90 -day truce on customs taxes negotiated in May. which had brought customs duties to American and Chinese products, respectively to 10 and 30%, against 125% and 145% before.
President Trump praised the merits of the agreements already concluded. intended to inflate the revenues drawn from customs taxes, which have already gone from $ 79 billion over the year 2024 to 87 billion dollars in the first six months of 2025.
The impact of customs duties. however, continues to worry economists, who see them weighing large test us president shortly not only on inflation, up in June 2.6% according to the PCE index published Thursday, but also on American growth.
What encourage the federal reserve (Fed) to prudence, to the chagrin of Donald Trump. On Wednesday. the American central bank maintained its unchanged rates and its boss, Jerome Powell, seemed to grow further the possibility of a future decline.
The appeal examined Thursday by the Washington Court of Appeal should make it possible to determine whether Donald Trump. has exceeded his constitutional powers by imposing these surcharges.
At first instance. at the end of May, a specialized court had suspended these surcharges, believing that this had been the case. But they had finally been kept at the government’s request by a court of appeal. until the file was examined on the merits.
The decision is not expected immediately. the White House has already stated that it would seize the Supreme large test us president shortly Court if it was unfavorable to it.
Large test us president shortly
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