Trump signs the decree increasing customs duties for dozens of countries

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Trump signs decree increasing customs new:

Trade war

Trump signs the decree increasing customs duties – Trump signs decree increasing customs new

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US President Donald Trump signed the decree establishing the new customs rights on Thursday evening that will affect the products of several tens of countries. Therefore, a gesture that aims to “restructure world trade for the benefit of American employees”, according to a document published by the White House.

However, they will take effect on August 7, and not on August 1 as expected initially.

The countries that have signed a trade agreement before the fateful date undergo the announced customs duties. Meanwhile, The European Union (EU). Moreover, Japan or South Korea will therefore see their products taxed up to 15%, and the United Kingdom by 10%.

The agreements concluded trump signs decree increasing customs new so far are most often negotiation executives with fairly vague details. For example, which later have led to more in -depth documents.

All countries that have failed to agree with Washington see the customs duties applied to their products ranging between 10%. 41%, for Syria.

In general. most of the countries cited are imposed 15%customs duties, some states finding itself at a higher rate, like South Africa, 30%, Serbia, 35%, or Switzerland, at 39%.

These surcharges arouse a global concern for companies exporting to the United States. “We do not know what the severity of the impact will be but it will not be positive. it is sure”, thus anticipates Laubscher Coetzee, a South African breeder of ostriches whose leather is used to make the santiags of the most prestigious brands in trump signs decree increasing customs new Texas.

Pressure to the end

A country. at least, escapes a customs increase of August 7: Donald Trump announced Thursday that it had extended customs duties currently imposed in Mexico by 90 days, which amounts to maintaining them at 25% on products entering the United States outside the North American free trade agreement (ACEUM).

On the other hand. no relaxation in sight with Canada, which on the contrary sees customs duties applied to its products go from 25% to 35%, a tax which does not concern, too, that products not passing within the framework of the ACEUM.

“Canada has not been able to cooperate in order to reduce the flood of fentanyl. other drugs,” entering the United States, regretted the White House in a document, to justify this decision, trump signs decree increasing customs new “and he took reprisal measures against the United States”.

The Trump administration is particularly firm with certain countries. Donald Trump thus signed a decree imposing 50% of customs surcharge in Brazil 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 sees its products being taxed at 25%, to which is added a “penalty” because the country buys Russian oil.

Legal risk

President Trump praised the merits of the agreements already concluded. which inflates the public revenues of a largely indebted economy.

The impact of customs duties, however, continues to trump signs decree increasing customs new worry economists, who see them weigh on inflation, up in June at 2.6%, and on American growth.

The Apple group reported Thursday that customs duties will lead to an additional cost of 1.1 billion euros in the current quarter.

Coincidenting of the calendar. a federal court of appeal began Washington on Thursday to examine an appeal to determine whether Donald Trump went beyond his constitutional powers by imposing these surcharges without the approval of the congress. This concerns the almost universal customs duties. that is to say those which are not imposed on a particular sector such as automobile or steel.

The lawyer for the complainants. small businesses and a dozen American states, notably denounced “an unprecedented graduate of a president in 200 years”, while most of the judges of the Court trump signs decree increasing customs new of Appeal have suggested their skepticism in the face of government’s arguments. The White House has already promised to seize the Supreme Court if the decision was unfavorable to it.

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