Furthermore,
Customs duties: trump announces trade:
President Donald Trump announced the conclusion of a trade agreement with Japan. Similarly, with significant reduction for Japanese cars. Consequently, No compromise has yet been found with Switzerland, the EU or Canada. However, The date is August 1.
“We have just concluded a huge trade agreement with Japan. Moreover, ” Donald Trump said on his social social network on Tuesday, calling him “unprecedented”. In addition, “Japan will pay reciprocal customs duties of 15% in the United States. For example, ” he said, below 25% surcharge, the archipelago of which was threatened on August 1.
Japan. Therefore, although the United States-key: is currently subject to the same basic American customs duties of 10% as most nations, as well as 25% surcharges on cars and 50% on steel and aluminum.
This agreement with Tokyo will lead to the creation of “hundreds of thousands of customs duties: trump announces trade jobs. Meanwhile, ” said Trump, mentioning Japanese investments up to “$ 550 billion” on American soil, without detail except that “90% of profits would be collected by the United States”.
“Mission accomplished” – Customs duties: trump announces trade
“We think it’s a great success to have been able to get the greatest reduction [des surtaxes] Among the countries with a trade surplus with the United States. “said Japanese Prime Minister Shigeru Ishiba.
The announcement comes when negotiator Ryosei Akazawa was making his eighth trip to Washington. “Mission accomplished,” he said on the social network X.
According to Mr. Trump. Japan has agreed to open up “to the trade in cars and pick-ups, rice and a number of other agricultural products” from the United States.
On the automobile, the stake was high: the automobile represented almost 30% of Japan exports last year to the United States. In the archipelago, the automotive industry represents 8% of jobs. However. customs duties: trump announces trade following the 25% surcharge imposed since April on the automobile, the exports of Japanese cars to the United States have plummeted a quarter over a year in May and June.
Breakdown
According to Ishiba, the agreement concluded provides that these surcharges are divided by two and are added to the 2.5% preexisting customs duties to achieve final taxation of 15%.
Following this information, the Toyota action flew by more than 14% on the Tokyo Stock Exchange around 05:30 (time in Switzerland). “I strongly welcome that this major step has been taken. dissipates the uncertainty that concerned private companies,” reacted Tatsuo Yasunaga, president of the foreign trade council bringing together Japanese exporting firms.
But “on the basis of available information, it is difficult to clearly assess the impact […] We want the general table to be clarified as soon as possible, “he warned.
Inflecting imports of rice has been a taboo customs duties: trump announces trade for Tokyo in recent months, who ensured the interests of local farmers. “We continued the negotiations to achieve an agreement responding to the national interest of Japan. the United States” and “nothing imposes sacrifices on our farmers,” I ishiba said on Wednesday.
Japan currently imports up to 770. 000 tonnes of rice exempt from customs duties and could import more American cereals in this limit -to the detriment of other origins -he explained.
Always taxed steel. aluminum
On the other hand, the American surcharge of 50% on steel and aluminum are not affected by the agreement, no more than the defense expenses of Japan which Mr. Trump claims the strengthening, said Ryosei Akazawa.
Washington intends to impose from August 1 of massive so-called “reciprocal” surcharges. initially scheduled for April 1 and then suspended, in many of its business partners, unless the latter conclude agreements with the United States by then.
customs duties: trump announces trade
The American government currently has four of these agreements to its credit: in addition to Japan. the American president announced on Tuesday that he had concluded one with the Philippines. The United States has already agreed with the United Kingdom and Vietnam.
And Mr. Trump detailed on Tuesday the conditions for a framework agreement concluded with Jakarta. paving the way for a final agreement still to be built.
“Europe will come tomorrow and. the next day, we have others who come from it,” even assured Donald Trump on Tuesday in front of republican senators.
Trump has declared customs duties of 30% on all imports from the EU and Mexico from August 1. Canada faces 35% surcharge and Brazil 50%.
The United States has also agreed on a de-escalation with China. after a rise in trade tensions between the two world’s first economic powers.
This article was published automatically. Sources: ATS customs duties: trump announces trade / AFP
Further reading: The electric sector puts pressure on the government – Gothard tunnel: an accident made ten injured – The canton of Appenzell Rhodes-interior wants to regulate tourism – Technological values lead to the drop -down Indian stock markets – Trump, prices and inflation – tension rises.
