New customs duties Against China, rising taxes on certain European products, negotiations with Canada and Mexico … to make its economic greatness to America, Donald Trump Account for paying your business partners to pay … but also using the tariff tool to impose its diplomatic choices. A method that is not new. In this series, we are interested in past trade wars, from which we could learn some lessons for today, with Sébastien Jean, professor of economics at the National Conservatory of Arts and Crafts.
Episode 3: The battle of VCRs in Poitiers
You have now understood, customs duties can be directed against countries in particular, for economic but also diplomatic reasons.
But taxes can also concern a specific product. Donald Trump, for example, has made customs duties on steel and aluminum a priority.
25 % on imported steel and aluminum from any country, without exception. And according to the President of the United States, that also you have normally understood at this stage of our series, the objective is to protect American production.
Safeguarding a national industry, with import taxes, is also what France did in the 80s, with a product this time a little more surprising.
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“The art of trade war” is an original series of the magnifying glass, the daily podcast of L’Express, written and presented by Charlotte Baris, mounted by Solène Alifat, produced by Quentin Bresson and Jules Krot.
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Customs duties: why Donald Trump targets steel and aluminum