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Switzerland reacts “with great regret” to American rights

As of August 7 (and not the 1st as initially announced), a train of new surcharge must be imposed by the United States on products from most of its business partners. International situation point.

The White House published Thursday evening the amounts of these surcharges, ranging from 15% to 41%.

The new formalized surcharge

President Donald Trump signed a decree listing the new amount of surcharge on Thursday evening which will target dozens of countries around the world.

All the countries of the world were already targeted by a 10% floor surcharge since April, which is added with the customs duties which existed beforehand.

But for a large part of them, including the heavyweights of world trade (European Union, Japan, South Korea, in particular), the surcharge will be noted.

The minimum is 15% (Japan, South Korea or the EU, some of which will be exempt in accordance with an agreement with Washington).

The maximum surcharge, 41%, will strike Syrian products. Switzerland is barely better lotie with 39%.

Algeria is affected by an surcharge of 30%. It is 20% for Bangladesh or 40% for Laos.

Countries that were not targeted by a punitive surcharge also enter the list, like Turkey (now 15%).

Rejected entry into force

Donald Trump had assured that the date of August 1 was firm. The decree provides that the implementation starts seven days after the publication, which leads to August 7.

It is a question of allowing customs to organize for the collection, said a white house manager to the press.

An additional delay is provided for the products that would be loaded on ships before August 7 and would arrive in the United States before October 5.

Increase for Canada

Canada was targeted Thursday by a separate decree, which passes customs duties on its products imported into the United States from 25% to 35% from August 1.

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 in order to reduce the flood of fentanyl and other drugs” entering the United States, according to the White House, which also criticizes Ottawa for having “taken reprisal measures against the United States”.

Donald Trump also strongly criticized the will of Prime Minister Mark Carney to recognize a Palestinian state during the UN general assembly in September.

Log for Mexico

Donald Trump announced Thursday that she had agreed with his Mexican counterpart Claudia Sheinbaum so as not to immediately note the customs duties on Mexican products, while he threatened to bring surcharge to 30%.

Mexico City thus obtains a 90-day stay which amounts to maintaining 25% customs duties on products entering the United States outside the North American Free Trade Agreement (ACEUM).

This article was published automatically. Sources: ATS / AFP

dakota.harper
dakota.harper
Dakota explains quantum-computing breakthroughs using coffee-shop whiteboards and latte-foam doodles.
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