đ„ What Trump is putting in place
New tariffs announced for 14 countries (Japan, South Korea, Germany, etc.): customs duties of 25% â up to 40% for Myanmar or Laos â effective from August 1 or 8, according to recently sent letters.
Tariffs on European products: the initial blind tax of 20% was temporarily lowered to 10%, but Trump threatens to revert to 50% as of July 9, unless an agreement is reached.
Extended pause period: the negotiation deadline is pushed back to August 1, previously set for July 9.
đŻ Why these tariffs?
Trump cites excessive trade deficits, particularly with the EU and certain Asian countries, which he accuses of skewing American trade.
He also wants to protect US industries (automotive, steel, agricultureâŠ) by encouraging companies to relocate.
It is a negotiation lever: 'agreement or tariffs' â pressure to conclude bilateral agreements.
âł Impact & risks
On the EU: risk of a 50% tariff, with the threat of European retaliation on US products (Boeing, beef).
On global markets: stock market nervousness, volatility on European indices like the CAC 40 or DAX.
On US consumers: increase in imported costs (+2-3% inflation, loss of purchasing power of several thousand dollars per household).
On the US economy: GDP slowdown estimated between -0.5% and -0.9% in 2025.
đ«đ· Specificities for France
France exports cheeses, wines, cosmetics, aerospace, all potentially taxed if the EU does not reach an agreement by early August.
The French government advocates a firm position within the EU, refusing a compromise too favorable to the United States.
Emmanuel Macron wants to harmonize a European front defending the interests of French exporting industries.
đ ïž Where is the negotiation?
EUâUSA: ongoing discussions aim for a 'skeleton' agreement (base tariff 10%) to avoid the rise to 50%.
Deadline pushed back to August 1 to finalize agreements with Japan, Korea, EUâŠ
Alternatives: reduced tariff or sector exemptions (automotive, steel) in exchange for commitments.