As negotiations are dragging, the Trump administration increases the tone. From August 1, important customs duties could strike dozens of countries. A new protectionist salvo with potentially explosive consequences for the world economy!
In short
- The Trump administration threatens to impose up to 70 % customs duties from August 1.
- The global economy could be destabilized if 18 trade partners are targeted simultaneously.
Maximum pressure on the global economy and its partners
Washington is about to relaunch A vast commercial offensive. In the absence of a quick agreement, the new taxes announced in early April will indeed come into force in less than a month. The objective: to force the economic partners of the United States to rebalance the trade deficit.
The strategy seems now assumed by the Trump administration. The proof: the secretary of the Treasury Scott Bessent announced Sunday sending nearly 100 letters to targeted countries. President Donald Trump has already signed a dozen letters from Air Force One.
The economy of the European Union, China and other major commercial powers is found directly in the sights. In question: their share in an American trade deficit that Trump deems unacceptable.
Direct consequences on trade and economic growth
This maneuver may shake international trade. Targeting 18 countries representing 95 % of the American trade deficitthe United States could indeed unbalance all global trade relations. Certainly Europe has started to negotiate under threat. That said, other countries remain on the defensive.
Good to know: customs duties between 10 % and 70 % would lead to a sudden increase in import prices. This would inevitably affect logistics channels as well as financial markets.
The global economy, already fragile, could therefore vacillate under this new pressure stroke.
For crypto investors, this instability could rekindle interest in alternative assets Apart from traditional circuits. The economy could then experience a brutal rebalancing, redistributing the cards of world commercial power.
In any case, Trump plays a tight part. If the threats materialize, the global economy could switch to a new era of tensions. A situation to follow very closely in the coming weeks!
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