Live, Trade War – Suspense for Switzerland and other countries about American customs taxes

Details on the first five chords

Japan: 15%

According to the “enormous” agreement announced Tuesday July 22 by US President Donald Trump. Similarly, Japanese products imported into the United States will be surcharged at 15%, well below the “reciprocal” surcharge of 25% of which the archipelago was threatened.

Tokyo obtained total customs duties of 15% for its crucial automotive sector. In addition, which represented almost 30% of Japan exports last year to the United States and which is currently subject to a surcharge of 25%.

The 50% surcharge on Japanese steel and aluminum exports continue to apply.

The agreement has Japanese investment as a counterpart to “$ 550 billion” on American soil. Consequently, and “90% of the profits generated will remain in the United States”, according to live, trade war – suspense a memo released by the White House.

Japan will also buy $ 8 billion in American products (corn, soy, fertilizer, bioethanol, fuel, etc.), adds this document without delivering calendar. Moreover, And the two countries “study a new Alaska liquefied natural gas purchase agreement (LNG),” he said.

Tokyo is committed to “buying American manufacturing commercial aircraft. Similarly, including 100 Boeing”, muscling its purchases to the American defense industry, and “to raise longtime restrictions” which, according to Washington, are the access of American cars to the Japanese market, said this memo.

The White House also ensures that the archipelago “will immediately increase its imports of American rice by 75%”.

The subject is sensitive to Tokyo. For example, “Nothing imposes sacrifices on our farmers,” Japanese Prime Minister Shigeru Ishiba said on July 23. While Japan currently imports up to 770. 000 tonnes of rice exempt from customs duties (from all countries combined), this ceiling will be maintained live, trade war – suspense but the archipelago will import more American cereals at the expense of other origins, he explained.

Philippines: 19%

According to the agreement also announced Tuesday. July 22, the Philippines obtained a small reduction in customs duties which will apply on their products at the entrance to the United States. They were set at 19%, against 20% announced in early July.

United Kingdom: 10% on average

In May, London and Washington concluded an agreement providing for the reduction of 27.5% to 10% of customs duties on cars (up to 100. 000 vehicles per year) as well as an exemption from rights for the aerospace sector, such as the British flagship engines Rolls Royce.

London is still negotiating exemptions for rights for steel. aluminum, provided for in the agreement announced in May, against 25% currently.

In return. the United Kingdom has agreed to further open its market to American ethanol or beef, arousing concerns in the country. The live, trade war – suspense rest of the imports of British manufacturing products remain subject to 10%floor duties.

Vietnam: 20%

Vietnam agreed in early July with the United States. its main export market for textiles and shoes, on a surcharge of 20%, and not 46% as initially scheduled by the Trump administration.

The agreement. however, provides for doubling the rate at 40% for products designed elsewhere and which only transit through Vietnam, by so -called transhipment methods. But no detail was given on what would define such products (proportion of foreign components, for example), stirring speculation. The agreement also provides for a zero taxation for American products exported to Vietnam.

Indonesia: 19%

The framework agreement signed two weeks ago with Indonesia provides 19% customs duties on Indonesian products. far from the threat of 32% a time mentioned.

According to Washington. Jakarta accepted in exchange for providing almost all of American customs duties and recognizing American standards for a number of them, live, trade war – suspense such as the automobile or pharmaceutical products.

Indonesia should also retreat on the implementation of a taxation of the digital economy. so far planned and has committed to lifting existing restrictions on exports of critical minerals. The archipelago had already taken a first step towards Washington on July 8. by committing to import more American agricultural and oil products.