A few days of respite. Although Donald Trump has signed the decree that establishes the amount of new customs surcharges that will affect the products of dozens of countries, the White House, which has the ambition to “restructure world trade for the benefit of US employees,” has paid a postponement to August 7, instead of August 1 as an initially expected, the application of new customs of customs. A decision taken to allow customs to organize for the collection, said a White House official to the press.
Anyway, these new Surchasons shake the world economic order with these commercial barriers particularly prohibitive for Canada and Switzerland. However, some Asian countries, who feared a heavier bill, welcomed these new customs tasks on Friday, which will be added to those that existed before the president’s return in power.
However, Asian scholarships fell into a concert on Friday after the publication of surcharges. And for a good reason: they threaten, according to experts, to stop exchanges, to increase the costs of companies and prices paid by consumers and to give rise to a slowdown in the global economy.
15% customs duties for the EU
For some countries, it is not a surprise. The surcharge shown in the decree is the one obtained after months of negotiations with Washington that sought to obtain as many concessions as possible, without reproducing in US exports.
The European Union (EU), Japan or South Korea, see their products taxed up to 15%, and the United Kingdom by 10%. The EU has also obtained an exemption for the key sectors, including aeronautics.
Source: BFM TV
