What was still only a threat has become an effective tax. Washington has definitively imposed a 12.5 % surcharge on the majority of Moroccan products entering the United States, as part of its offensive against forced labor in global supply chains.
The European Union has just maintained a hefty tariff on certain technical fabrics shipped from Morocco. The particularity: the 30.7% duty applies even when these products are declared to be of Moroccan origin.
Moroccans residing abroad transferred 61.5 billion dirhams to Morocco in the first half of 2026. Over the same period, the country’s energy bill reached 68.6 billion. A gap that did not yet exist a year earlier.
Morocco has no public strategic stock of hydrocarbons . The CESE points to the weaknesses of a system relying essentially on private operators, while the national supply depends entirely on imports of refined products.
The dirham edged lower against the euro while remaining virtually stable against the dollar, according to the latest weekly indicators from Bank Al-Maghrib.
Moroccan imports of aircraft and other airborne or spacecraft vehicles more than doubled in the first half of 2026. Their value reached nearly four billion dirhams.
Morocco’s purchases of foreign olive oil collapsed in the first half of 2026. This spectacular drop coincides with the return of a record national harvest, driven by improved climate conditions and water resources.
The rise in energy bills is expected to widen Morocco’s external deficit in 2026. However, remittances sent by Moroccan expatriates, along with tourism revenues, will help absorb part of the shock.
Morocco spent 203.5 billion dirhams importing finished consumer products in 2025. A record bill, driven by cars, medicines and electronic devices, while the kingdom simultaneously seeks to strengthen its local production.
Morocco is maintaining a 170% tax on imported soft wheat until August 31 and its derivatives. The measure is intended to give operators an additional month to sell the national harvest before the return of a more favorable customs regime for imports.
Donald Trump has barely suspended the duties imposed on certain Moroccan phosphate fertilizers when his own Commerce Department is already recommending that they be maintained over the long term. OCP has an eight-month window to return to the US market, without any guarantee that it will be able to remain there.
The United States is considering imposing a 12.5 % surcharge on a large share of products imported from Morocco. The measure has not yet been adopted, but it could significantly reduce the advantage offered to Moroccan companies by the free-trade agreement between the two countries.