Meanwhile,
Trump signs decree bringing customs:
The White House has confirmed that these rights would not affect goods in accordance with the Canada-US-Mexico trade agreement. Meanwhile, commonly known as ACEUM.
An information sheet in the White House indicates that Canada “did not cooperate to stem the continuous influx of Fentanyl”. Similarly, also underlined the implementation by Ottawa of retaliatory customs duties.
US government data shows that a tiny quantity of fentanyl is seized on the border with Canada compared to. Meanwhile, that of Mexico.
At the end of the afternoon. However, the American president said that he had still not discussed with Canada Prime Minister Mark Carney.
So far. In addition, Washington has announced agreements with the United Kingdom, the European Union, the Philippines, Indonesia, Vietnam, Japan and, in extremis in the night, with South Korea. Similarly, Korean, Japanese and European products will now be taxed up to 15 trump signs decree bringing customs %.
Meanwhile. Therefore, Prime Minister Carney said on Wednesday that negotiations between Canada and the United States may not succeed before August 1, as Trump added new trade measures likely to harm some Canadian companies. Meanwhile,
Carney said that discussions between the two parties have been complex, in -depth and constructive. He also said they were continuing and covered “a wide range of subjects”.
“I do not know what he is doing. ” Trump commented by signing a decree Thursday afternoon at the White House on Thursday. Moreover. the American secretary of trade, Howard Lutnick, said in an interview on Fox News that 35 % tariffs on all Canadian products not covered by the trade agreement between the United States, Mexico and Canada (ACEUM) were still “on the agenda”.
At the start of the week. Carney said the negotiations were in an intense phase, while reaffirming that an agreement trump signs decree bringing customs eliminating all American customs duties was unlikely.
In parallel. the President of the United States repeats that he does not agree with Canada’s decision to recognize the Palestinian state, but it is not “deal breaker“, He said. In French: that does not break a possible price agreement.
Trump signs decree bringing customs
Elsewhere in the world – Trump signs decree bringing customs
Trump concluded an agreement with South Korea on Wednesday. and previously with the European Union, Japan, Indonesia and the Philippines. His secretary Lutnick. said on the Fox News Channel channel that there were agreements with Cambodia and Thailand after they accepted a cease-fire in their border conflict.
All countries have failed to agree with Washington will see their customs duties increase substantively, far beyond 10 % currently in force.
These surcharges are raising the concern of companies to export to the United States around the world. “We do not know what trump signs decree bringing customs 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 Texas.
The White House spokesperson Karoline Leavitt said Thursday that the decree establishing customs duties would be signed by Donald Trump before the end of the day. for an entry into force on Friday.
Pressure tool
The agreements concluded so far are most often negotiation executives with fairly vague details. which later have led to more technical agreements.
Donald Trump also announced Thursday that it had extended customs duties currently imposed in Mexico on Thursday. while he was threatening to bring them to 30 %.
This amounts to maintaining customs duties on incoming products in the United States outside the North American Free Trade Agreement (ACEUM). specific customs duties on trump signs decree bringing customs automotive, steel and aluminum duties at 25 %.
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 proceedings aimed at the ex-president Jair Bolsonaro. his far-right ally, accused of having tried a coup after his defeat during the election of 2022.
India will receive customs duties of 25 %, to which is added a “penalty” because the country buys Russian oil.
Canada is also in the sights of the Republican. who said Thursday that the intention displayed by Ottawa to recognize the state of Palestine made “very difficult” the conclusion of a trade agreement.
Legal risk
Above all, uncertainty persists on a possible compromise with China, the second world economy.
The two countries still have to agree on the possible renewal of a current truce until August 12 which had made it possible to lower customs duties on American. Chinese products respectively to 10 and 30 %, against 125 % and 145 % before.
President Trump praised the merits of the agreements already concluded. intended to inflate the recipes drawn from customs taxes, which have already increased this year.
The impact of customs duties, however, continues to worry economists, who see them weigh on inflation, up in June at 2.6 %, and on American growth.
On Thursday a Washington court began to examine an appeal to determine whether Donald Trump exceeded his constitutional powers. by imposing these surcharges without the approval of the congress.
The lawyer for complainants. small businesses and a dozen American states, notably denounced on Thursday “an unprecedented graduate from a president trump signs decree bringing customs in 200 years”.
The White House has already promised to seize the Supreme Court if the decision was unfavorable to it.
With information from the Canadian press.
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