US President Donald Trump explained that new tariff rates were based on “common sense” and business imbalances, although according to the AP report it did not talk about what he wrote in his letter to Brazil.
He also admitted that he did not consider the introduction of tariffs on countries whose leaders were currently visited in the White House-Liberia, Senegal, Gabon, Mauritania and Guinea-Bissau-Skoul, “These are my friends now.”
Also read: Trump deposits 50% of tariffs after spitting with President Lula, “further increases if …” | A complete letter here
He claimed that the countries had not disappeared too much against the tariffs outlined in his letters, although these rates were largely similar to those announced by April 2, which, according to AP report, had upset financial markets.
“We didn’t have many complaints,” Trump said, “because I keep rates low, very conservative as you would say.”
Here’s a complete list of countries:
Brazil
Trump announced a 50 % tariff on Brazil imports, starting on 1 August and called the court of former Brazilian President Jaira Bolsonar “Witch Hunt” and added that “the court should not take place”.
Japan
The US will increase its tariff to Japanese goods to 25% from August 1, which is raised from 24% of the rate announced in April. Japan’s key exports to the US include cars, cars and electronics. Prime Minister Shiger Ishiba described the tariff as “extremely regrettable”, but confirmed the Japanese commitment to ongoing negotiations.
Kazakhstan
Starting with August 1, the US deposits 25% of the Kazakhstan imports, which is a reduction in 27% of the rate announced in April. Kazakhstan’s main exports to the US include oil, uranium, ferrololys and silver.
Malaysia
The US will increase its tariff to Malaysian goods to 25% from August 1, which is slightly from 24% of the rate announced in April. The key exports of Malaysia to the US include electronics and electrical products. In response to this, the Malaysian government said it was planning to engage in discussions with Washington, while the cabinet meeting was planned on Wednesday to solve the problem.
Also read: Trump’s tariffs: Why did US President Donald Trump extend the term for Japan in South Korea?
South Korea
25% of the American tariff to South Korean goods will enter into force on August 1, unchanged from the rate announced in April. South Korea’s main exports to the US include vehicles, machinery and electronics. In response to this, the Ministry of Trade stated on Tuesday to speed up negotiations with Washington in the hope of reaching an agreement before the tariff was forced, the Associated Press reported.
Tunisia
Since August 1, the US has stored 25% tariff on Tunisian goods, which is a slight decline in 28% of the rate announced in April. Primary exports of Tunisia to the US include animal and vegetable fats, clothing and various fruits and nuts.
Philippines
Starting with August 1, the Philippines will face 20% of the US tariff, an increase of 17% of the rate set in April. The key Filipino exports to the US include electronics, machines, clothing and gold.
Myanmar
Customs rate: 40% from August 1. This is reduced from 44% announced in April.
Key exports to the US: clothing, leather goods and seafood.
Answer: Gen. Gene. ZAW min tons, spokesman of the Military Government of Myanmar, said there would be negotiations.
Laos
Customs rate: 40% from August 1. This is a decline of 48% announced in April.
Key exports to the US: shoes with textile uppers, wood furniture, electronic components and optical fibers.
Cambodia
Customs rate: 36% from August 1. This is reduced from 49% announced in April.
Key exports to the US: fabric, clothes, shoes and bikes.
Response: The Cambodian main negotiator Sun Chanthol said that the country has successfully received a 49% Trump tariff announced in April to 36% and is ready to organize a new bike of negotiations. He appealed to investors, especially the factory owner, and nearly 1 million clothing workers in the country, not a panic of the customs rate announced on Monday.
Thailand
Customs rate: 36% from August 1. This is the same rate that was announced in April.
Key export to the US: Computer parts, rubber products and gems
Answer: The Thai Deputy Prime Minister Pichai Chunhavajira said that Thailand will continue to seek negotiations on the United States tariffs. On Sunday, Thailand submitted a new proposal that includes the opening of the Thai market for more American agricultural and industrial products and growing energy and aircraft imports.
Bangladesh
Customs rate: 35% from August 1. This is 37% announced in April.
Key export to the US: Clothing.
Reaction: Bangladeshi financial advisor Salehuddin Ahmed said that Bangladesh hopes to negotiate a better result. There are concerns that other tariffs would cause Bangladeshi clothing to be less competitive with countries like Vietnam and India.
Serbia
Customs rate: 35% from August 1. This is 37% announced in April.
Key exports to the US: software and IT services; Car tires.
Indonesia
Customs rate: 32% from August 1. This is the same rate that was announced in April.
Key exports to the US: Palm oil, cocoa butter and semiconductors
Algeria
Customs rate: 30% from August 1. This is the same rate that was announced in April.
Key exports to the US: petroleum, cement and iron products.
Bosnia and Herzegovina
Customs rate: 30% from August 1. This is 35% announced in April.
Key exports to the US: Weapons and ammunition
Iraq
Customs rate: 30% from August 1. This is 39% announced in April.
Key exports to the US: Suropérová and oil products.
Libya
Customs rate: 30% from August 1. This is 31% announced in April.
Key exports to the US: Petroleum Products.
Southern Africa
Customs rate: 30% from August 1. This is the same rate that was announced in April.
Key exports to the US: platinum, diamonds, vehicles and automatic parts.
Also read: Trump warns BRICS, including India, 10% of the tariff for attempting to “destroy” US dollars: “… Main World War”
Reaction: The Office of South African President Cyril Ramaphos said in a statement that Trump’s tariff rates incorrectly characterized the business relationship with the US, but “continued her diplomatic efforts for more balanced and more beneficial business relations with the United States” after 20 May proposed a business framework.
Sri
Customs rate: 30% from August 1. This is reduced from 44% announced in April.
Key exports to the US: clothing and rubber products.
Brunei
From August 1, the US will increase the tariffs to Brunei exports to 25%, which is compared to 24% announced in April. Brunei primarily exports mineral fuels and machinery to the US.
Also read: Trump kills new tariffs on Iraq, Libya, 5 other countries with a warning: “If you increase your tariffs …”
Moldova
We did not have many complaints because I maintain low rates very conservative as you said.
The US will reduce tariffs to Moldovan goods to 25% from August 1, from 31% of the rate announced in April. The key exports of Moldova to the US include fruit juice, wine, clothing and plastic products.
(With Associated Press inputs)
(Tagstotranslate) Customs
