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Infographic A new commercial world order begins this August 1, but very few countries have an agreement with Trump

The United Kingdom, EU, Indonesia, Vietnam, Japan … United States will apply new customs tariffs tomorrow to most imported products. If a handful of countries has obtained an agreement, the vast majority of the planet remains in uncertainty.

Donald Trump’s ambition to impose a new world order in commercial matters faces a crucial evidence on Thursday with the entry into force at midnight from his customs duties, several important savings that have not yet completed the United States.

The coincidence of the calendar, an appeal court, must analyze the legality of these customs rights on Thursday, which the US president uses as a means of pressure to obtain favorable trade agreements for his country.

These customs duties make “the United States great and rich again,” said the Republican during the night on his social platform of truth. Without them, the United States “has no chance of being able to survive or know success,” he said.

Until now, Washington has announced agreements with the United Kingdom, the European Union, the Philippines, Indonesia, Vietnam, Japan and South Korea.

Washington Key Ally, South Korea obtained this agreement extreme during the night. Their products that enter the United States will be taxed at the same level as Japan or the European Union (EU), at 15%, it is much lower than 25% announced since the beginning of April.

The US Secretary of Commerce, Howard Lunick, said Thursday that agreements with Cambodia and Thailand had been found, without giving precision. Taiwan said at night that he had reached “a certain consensus” with the United States, again without details.

The concluded agreements are more frequently negotiation executives with quite vague details, which has then led to more technical agreements.

Trump firm with some

Donald Trump also announced on Thursday that he had extended customs tasks currently imposed in Mexico on Thursday, while threatened to take them to 30%.

This is equivalent to maintaining customs tasks of incoming products in the United States outside the Free Trade Agreement in North America (Ayl) and specific customs customs tasks on car tasks, steel and 25%aluminum.

The Trump administration is particularly firm with certain countries. Donald Trump signed a decree that imposed 50% of the customs of Brazilian products on Wednesday, with the exception of certain products.

This surcharge acts as reprisals against the Prosecutor’s Office addressed to former President Jair Bolsonaro, his ally of the extreme right, accused of having tried a coup after his defeat during the 2022 elections.

India will receive customs duties of 25%, to which a “penalty” is added because the country buys Russian oil.

Canada is also in view of the Republican, who said Thursday about Truth Social that the intention shown by Ottawa to recognize that the state of Palestine became “very difficult to conclude a commercial agreement with them.”

Above all, uncertainty persists in a possible agreement with China, the second world economy. After two days of negotiations in Stockholm, the two countries mentioned “constructive” discussions on Tuesday.

Has Trump exceeded his powers?

But they still have to decide whether they renew a 90 -day truce in customs taxes negotiated in May, which had brought customs duties to US and Chinese products, respectively to 10 and 30%, against 125% and 145% before.

President Trump praised the merits of the agreements already concluded, destined to inflate the income extracted from customs taxes, which have already gone from $ 79 billion during the year 2024 to 87 billion dollars in the first six months of 2025.

However, the impact of customs tasks continues to worry economists, who see them by weighing not only inflation, in 2.6% June according to the PCE index published Thursday, but also in US growth.

What encourages the Federal Reserve (Fed) to prudence, to the disgust of Donald Trump. On Wednesday, the American Central Bank kept its rates unchanged and its boss, Jerome Powell, seemed even more growing the possibility of a future decrease.

The appeal examined on Thursday by the Washington Court of Appeals must allow to determine if Donald Trump has exceeded his constitutional powers by imposing these surcharges.

In the first instance, at the end of May, a specialized court had suspended these surcharges, believing that this had been the case. But they had finally kept them at the request of the Government by an appeal court, until the archive on the merits was examined.

The decision is not expected immediately and the White House has already declared that the Supreme Court would take if unfavorable.

Author: Frédéric Bianchi with AFP
Source: BFM TV

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