US President Donald Trump sent the first wave of letters that threatens to save up to 40 % of import tariffs to countries where a trade agreement has not yet been achieved, but suggested that it be open to signing the agreement.
Increased duties were shifted back to August 1, while the previous 90-day suspension of tariffs will end in July-US-USA and its business partners provide a short window for tax discussion.
As promised earlier, Trump began broadcasting his tariff letters from Japan and South Korea. A dozen other countries followed, with tariff rates to reach up to 40 percent per several of them. So far, Trump has slapped 14 countries.
The US President has also signed a executive order that would delay new reciprocal rates in countries of August 1, which effectively gave each affected business partner more time to reach an agreement with the White House.
In the coming days more letters
The printing secretary of the White House Karoline Leavitt on Monday teased other tariff letters to be sent in the coming days.
Trump had previously promised to send letters to his business partners with whom the US was unable to conclude an agreement.
Asked why Trump decided to hit Japan and South Korea first, Leitt said it was a “president’s privilege”.
“These are the countries he chose,” she said.
LAVITT said that the administration is “more closely” to the ink agreements with several other business partners. Trump “He wants to ensure that these are the best possible offers,” she added.
Few nations successfully negotiated agreements in three months provided by Trump administration, which will end on 9 July. Meanwhile, Trump announced the framework agreements with the United Kingdom and Vietnam and a trade ceasefire with China.
A complete list of new mutual tariffs
Here is a list of new reciprocal tariff rates in 14 countries received by Trump’s letter:
Trump open by negotiating
The letters were not the last word by Donald Trump on the tariffs, and on Monday confirmed reporters in the White House.
“I would say the finals, but if they call with another offer and if I like it, we’ll do it,” Trump said he asked if the letters were the last words about tariff negotiations.
However, the letters also threatened the impacts of the anti-tariff.
“If for some reason you decide to increase your tariffs, it will be 25%that we charge, no matter what you decide to increase similar warnings for other business partners.
(Tagstotranslate) US President
