These new taxes range from 10% to 41%. The European Union, Japan or South Korea are applied a 15%increase. Their entry into force would however be postponed to August 7, in order to allow customs to organize.
US President Donald Trump signed an imposing decree on Thursday July 31, an increase in customs duties for dozens of countries around the world, with whom the United States believes that it has a more or less marked trade deficit. Their entry into force, initially announced for August 1, would however be postponed to August 7, according to a senior official. A delay supposed to allow customs to organize.
The new customs duties range between 10%and 41%, the highest concerning Syria, while the European Union (EU), Japan or South Korea are applied a surcharge of 15%, a measure which aims at “Restructure world trade for the benefit of American workers”ensures the White House in a document.
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+35% for Canada
In general, most of the countries cited are imposed 15%customs duties, some countries being at a higher rate, like South Africa, 30%, Serbia, 35%, or Switzerland, at 39%.
For its part, Canada is also targeted by a separate decree, which puts customs duties on its products imported into the United States from 25% to 35%. This increase only concerns products not passing within the framework of the North American free trade agreement (ACEUM). “Canada has not been able to cooperate to reduce the flood of fentanyl and other drugs”entering the United States, regretted the White House in a document, to justify this decision, “And he has taken reprisal measures against the United States”.
“A win-win approach”
Thailand welcomed Friday as a “Major success” The announcement of American customs duties by 19% on its products, while these surcharges were initially planned at 36%. “This is a win-win approach aimed at preserving the exporting base and long-term economic stability of Thailand”The government spokesman Jirayu Huangsab said in a statement.
The Taiwanese president announced on Friday that he would seek a drop in 20% US customs surcharge which must target goods imported from the Asian archipelago from next Thursday. “The United States has announced temporary customs duties of 20% for Taiwan, with the possibility of discounts if an agreement was concluded”wrote President Lai Ching-Te on Facebook, saying that his government “Would try to obtain a reasonable level of customs duties”.