Nevertheless,
Trump announces 30% customs duties:
Donald Trump announced on Saturday the taxation of customs duties of 30% for Mexico. For example, the European Union. However, A new escalation against the backdrop of negotiations before the deadline of August 1.
The republican billionaire justified. Similarly, in distinct letters published on his Truth Social platform, these decisions by evoking the role of Mexico in the delivery of drugs to the United States and a commercial imbalance with the EU.
The president of the European Commission, Ursula von der Leyen, quickly criticized the initiative of Donald Trump.
‘Imposing customs duties of 30% on EU exports would disrupt essential transatlantic supply chains. Nevertheless, to the detriment of companies, consumers and patients on both sides of the Atlantic’, she wrote on X.
The EU envisages countermeasures
‘We remain ready to continue the work towards an agreement by August 1. Therefore, At the trump announces 30% customs duties same time. However, we will take all the necessary measures to safeguard the interests of the EU, including the adoption of proportionate countermeasures if necessary, ‘she added.
German industry called on the EU. the United States to ‘quickly find solutions and avoid climbing’, speaking of an alarm signal for the industry on both sides of the Atlantic ‘.
Donald Trump warned that in the event of retaliatory measures. it would increase the surcharge on European products entering the United States, in addition to the 30% announced on Saturday.
Mexico has denounced an ‘unjust treatment’.
Trade deficit
In early April. the US head of state threatened the EU to inflict 20% customs duties on European products exported to the United States.
At the end of May. frustrated by the lack of advance in negotiations with the European block, it raised this rate to 50%, with an effect announced on June trump announces 30% customs duties 1, finally pushed on August 1.
According to diplomatic sources. discussions carried out so far were made on the basis of American customs duties by 10%, with several exceptions. The Commission nevertheless said that no new meeting was, for the moment, planned between American and European negotiators.
‘If you are ready to open your closed market in the United States. to eliminate your customs duties, your protectionist measures and obstacles to exchanges, we will possibly consider “ customs duties promised on Saturday, the American president wrote to Ursula von der Leyen.
In 2024. the United States posted a commercial deficit of 236 billion dollars with the EU (+13% over a year), which exported 606 billion of goods to the territory of the first world economy, according to figures from the American representative’s office for trade.
‘Stop the cartels’
In the case of Mexico, it is also an increase compared trump announces 30% customs duties to the 25% chosen so far.
Donald Trump did not specify whether these customs tariffs would only apply to products not entering the Canada/United States/Mexico agreement (ACEUM). as should be the case for 25%.
These goods outside Aceum represent only a minority of the exchanges between the two countries. Questioned by AFP, the White House did not follow up immediately.
‘Mexico helped me secure the border’ between the two countries, recognized Donald Trump, ‘but it is not enough.’ The southern neighbor ‘has still not stopped the cartels that try to make all of North America the playground of the narcotrafic. ‘ argued the former property developer.
Growth brake. inflation factor
Since Monday, the Trump government has told about twenty business partners, mainly Asian, the rates that will now be applied, from 20% to 40% except Brazil (50%).
About sixty nations should. unless commercial agreement before the deadline of August 1, trump announces 30% customs duties be inflicted from surcharge higher than 10%, floor level which will be applied to others, Canada and Mexico being special cases.
Donald Trump told Canadian authorities the entry into force of customs duties on August 1 on Thursday.
The former reality show has made customs duties a strong axis of its economic policy. For him, they are a way to reduce the American trade deficit and reindustrialize the United States.
Many economists see it as a brake for global growth and an inflationary factor in the United States.
/ATS
Trump announces 30% customs duties
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