Fine... Microsoft should be paying us for doing all the beta testing and providing support to each other.
1_ if the GET request uses the header Content-Type: application/x-www-form-urlencoded, then you have to URL encode manually the following fields (assuming this is the URL to GET the token): app key, app secret, and other request params that are joined by '&' , in other words, in the curl screenshot above, everything that follows --data-urlencode, you should URL encode manually using the encodeUriComponent() function like so:
add a Compose action to your flow and type in the Expressions tab that shows up in the dialog to the side : encodeUriComponent( 'app_key' ), where 'app_key' is a string of characters typically provided by the REST API author; so if you have 4 such params, then you would need 4 Compose actions, and so on. If using variables for app_key etc instead of typing the string literal, then make sure you click on Dynamic content and select the variable in the list that contains the value you want to pass to the encodeUriComponent() function. The flow UI is picky when it comes to typing everything straigth into an action textbox versus using the Dynamic context and/or Expression tabs in the edit dialog that pops up after clicking inside a textbox.
2_ the textboxes you see in the UI for the HTTP action apparently are not meant to be used as if you were in an editor; for ex, to enter the Body of the request, if you type in app_key=encodeUriComponent('your_app_key')&app_secret=encodeUriComponent('your_app_secret')&.... and so on, it won't work; apparently, Power Automate Cloud expects you to type the first half, ie 'app_key=' and then go to the Dynamic Content tab of the dialog that opens up when you click inside a textbox and from there scroll down until you find the output of your previous compose actions and add these outputs using the GUI; at least for me, my first reflex was to type everything in and it simply refused to work.

And that's it. As you can see from the screenshot above, once you click on each Compose output, it appears as a purple widget inside the textbox.