The new American customs duties come into drive and shake the world markets | EUROtoday

On Apr 5, 2025

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Un historic turning level within the commerce coverage of the United States is materialized this Saturday, April 5 with the entry into drive of recent customs duties on all imports. The determination, made by US President Donald Trump, establishes a uniform tax of 10 % on all merchandise coming into the territory in ports, airports and US customs warehouses.

This measure, described as “the biggest commercial decision in our life” by Kelly Ann Shaw, a lawyer specializing in business regulation at Hogan Lovells and former business advisor to the White House underneath the primary mandate of Donald Trump, marks an unprecedented break in the best way the United States exchanges with the remainder of the world.

“It’s huge. It is a radical and significant change in the way we exchange with all the countries of the world, “she stated, whereas believing that these rights might evolve, as some states search to barter extra advantageous charges.

Shock wave on the monetary markets

The presidential announcement, made Wednesday, triggered a shock wave on the monetary markets. S&P 500 firms have solely misplaced some $ 5,000 billion in market capitalization. In the wake of this fall, the costs of oil and uncooked supplies collapsed, whereas buyers fell massively on state obligations, perceived as a refuge in a local weather of uncertainty.

Read too “Facing Trump, Europe must straighten its head and tax the Big Tech”The first economies focused by this 10 % surcharge consists of Australia, Great Britain, Colombia, Argentina, Egypt and Saudi Arabia. These nations will now face a right away value barrier. In a bulletin addressed to sender, the customs and border safety service within the United States stated that no grace interval could be granted to the cargoes already at sea on the time of entry into drive of the rights.

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But that is solely the start. A brand new salvo of so -called “reciprocal” customs duties, with charges oscillating between 11 % and 50 %, is because of come into drive subsequent Wednesday. These new measures will notably goal imports from the European Union, which will probably be struck as much as 20 %, whereas China will probably be imposed a complete of 54 % tax.

https://www.lepoint.fr/monde/les-nouveaux-droits-de-douane-americains-entrent-en-vigueur-et-secouent-les-marches-mondiaux-05-04-2025-2586561_24.php