DroitsDeDouane

What if customs duties were not just a commercial weapon... but also a financial lever?
This is the hypothesis that some economists are putting forward regarding Donald Trump's strategy during his term. Hold on tight, we're going to simplify this together, using simple words and a few concrete examples.
1. What exactly are customs duties?

These are taxes imposed on products imported from another country. For example, if the United States imposes a 25% tax on Chinese steel, this makes that steel more expensive for an American company to purchase.