WASHINGTON (Reuters) – Donald Trump announced on Monday that it was fixing customs duties of 10% on laducing imports and other wooden products, as well as 25% customs taxes on sinks and cooking cupboards, continuing its world trade war against partners and rivals of the United States.
The American president signed a proclamation in which he argues that imports of wood and wooden furniture harm the country’s national security, which justifies the establishment of these measures with regard to American law.
According to the document, relayed by the White House, these new customs duties will come into force on October 14.
However, it is specified, these customs taxes will be noted as of January 1 at 30% for wood-based products and 50% for the kitchen cabinets sent to the United States from countries that will not have sealed a trade agreement with Washington by that.
In addition to the furniture, Donald Trump had announced last week his intention to target pharmaceutical imports and trucks with new customs duties on October 1.
The main supplier of the United States in the woods, Canada is expected to be the most affected by this decision, especially since Canadian producers are already facing 35% punitive taxes resulting from a longtime quarrel on ‘dumping’ and Canadian public aid.
In his proclamation, Donald Trump said that customs duties on wooden products from Great Britain would not exceed 10%, and 15% for the European Union and Japan, or rates in accordance with the thresholds set by bilateral trade agreements.
However, no mention was made of the trade agreement announced with Vietnam, which provides for American customs taxes by 20% but about which negotiations were not formally finalized.
(David Shepardson and David Lawder, with Ismail Shakil; Jean Terzian)
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