The US administration has plannd a minimum 10% tax on all importd goods, while some countries will face higher tariffs.
For example products from the European Union will be hit with a 20% tax. While those from China will be subject to a 34% tax.
This decision puts the global economy in a delicate position exacerbating uncertainties regarding the future of transatlantic trade.
“Trump’s decision to impose tariffs on several products from several countries. to be felt. With major buy phone number list disruption to financial markets. a drop in oil prices. and soaring prices for precious materials notably gold. Notes Rachid El Fakir. an economic expert.
Morocco for its par is not spare. It finds itself taxe an additional 10% on its exports to the Unitd States. Although these exports only representd how to find lead information nearly 3.5 billion dirhams in 2023. this decision could disrupt several key sectors of the Moroccan economy particularly textiles. agri-food. and the automotive industry.
“Like other countries around the world. Morocco will likely be affectd by the recession this situation could cause.
The incread openness of the Moroccan economy will likely leave it vulnerable to the supply and demand shocks affecting markets.” explains El Fakir.
The introduction of these lithuania phone number new taxes calls into question these acquird advantages and could jeopardize Morocco’s ambitions to expand into the North American market. In response. the Kingdom could be force to reirect its trade flows towards Europe. Africa. or even Asia.