US Edition
This Is What Trump Intends to Do with the Money Collected with His Customs Taxes.
5 Articles
5 Articles
Trump's XXL customs taxes will boost U.S. federal revenues. It remains to be seen whether this money will reduce the deficit... or trigger a global commercial storm.
Having entered into force on 7 August, the new US customs duties on European products do not put an end to the discussions between Brussels and Washington. Some sectors of the Old Continent still hope to benefit from derogations.
The depreciation of the dollar, while it may suggest a more important global role for the single currency, currently has a very negative impact on the competitiveness of euro area enterprises.
The customs duties announced by Donald Trump for several months have come into effect yesterday. What impact on businesses and households around the world?
"THEY ARE MINUIT!!!MILLIARDS OF CUSTOMS RIGHTS DOLLARS NOW COMING TO THE UNITED STATES OF AMERICA!", US President Donald Trump wrote on his social network this morning.
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