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Donald Trump’s new customs duties are “almost final”

These new import taxes will take effect, for the most part of the countries, on August 7, in order to allow customs to organize themselves for their collection.

The products of the European Union (EU), Japan or South Korea will be taxed up to 15%, those of the United Kingdom at 10%. Indonesia is 19%, Vietnam and Taiwan suffer from 20%from surcharge.

For the eight savings with which the United States has entered into an agreement, including the EU and Japan, customs duties, “are more or less fixed,” said Donald Trump’s main economic adviser, Kevin Hassett, on the NBC channel on Sunday.

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But for the dozens of business partners with whom no agreement has been reached, “we expect negotiations to continue,” he added.

These customs duties are also a means of political pressure for Donald Trump. Brazil, guilty in the eyes of the White House tenant to prosecute his far-right ally, former president Jair Bolsonaro, will see his products entering the United States taxed at 50%.

“The president noted in Brazil, as in other countries, an ill -use of the law, an ill -use of democracy,” said the representative to trade.

“It is normal to use these tools (tariffs) for geopolitical questions,” he added.

Brazil’s Supreme Court judge in charge of the trial of Jair Bolsonaro said on Friday that Brazilian justice would not comply with the “threats” of the Trump administration.

paisley.monroe
paisley.monroe
Paisley’s Nashville culture beat melds thrift-store fashion hauls with deep dives into songwriting royalties.
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