DOnald Trump got angry all red. And after a dozen days of his whim on customs duties, like parents exhausted in the face of their unbearable offspring, the rest of the world notes damage and broken toys: scholarships that have come close to syncope, the American debt market – normally the refuge value par excellence – which has experienced severe dysfunctions, and a global economy that is likely to undergo a severe brake.
Above all, we forget it too often, the spectacular U-turn of Donald Trump, who pushed the entry into force of customs duties by eighty days “Converse”is only partial. In the current state of things, a 10 % tax on all imports in the United States is imposed, a quadrupling compared to January. Automobile, steel and aluminum, as well as Mexico and Canada remain taxed at 25 % (with large exceptions for these two countries).
Finally, Beijing and Washington, the first two world economic powers, began a trade war in a pricing bid (145 % on the American side, with the exception of electronic goods). “This remains the highest customs duties since the 1930s”recall analysts from the Canadian Investment Research Company BCA Research, in a note on April 10.
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Source: Lemonde