US President Donald Trump said he had signed letters to 12 countries that indicate different levels of tariffs facing goods that export to the United States, “take it or keep it”.
Trump, spoke with reporters on board Air Force One as he traveled to New Jersey, refused to name the participating countries and said it would be published on Monday.
Trump had previously told reporters on Thursday that he expected the first dose of letters to be released on Friday, a public holiday in the United States, even though the date has now moved.
In the Global Trade War, which increased financial markets and launched a move between politicians to protect their economies, Trump announced 10% of the basic rate and additional amounts for most countries, some of which are up to 50%.
However, all basic rates except 10% were subsequently suspended for 90 days to ensure more time to negotiate trades.
This period ends on 9 July, although Trump soon said on Friday that tariffs could be even higher – in the range of up to 70% – with a majority set in validity of 1 August.
“I signed several letters and they will go on Monday, probably twelve,” Trump said as he asked about his plans on the front of the tariffs. “Different amounts of money, different amounts of tariffs.”
Trump and its highest helpers initially said they would start negotiations with the score of the Country Country rates, but the US President in this process after repeated failure with the main business partners, including Japan and the European Union.
On Friday he touched this briefly late and told reporters, “Letters are better … much easier to send a letter.”
He did not address his prediction that some wider trade agreements could be achieved before the deadline of 9 July.
The shift in the White House strategy reflects the challenges in completing commercial agreements about everything from tariffs to a non -tariff barrier, such as prohibitions on agricultural imports, and especially on accelerated timelines.
Most of the past trade agreements dealt with the years of completion.
The only trade agreements that have so far been achieved are the Britain that has reached an agreement in May to maintain a 10% rate and gain preferential treatment of some sectors, including cars and aircraft engines as Vietnam. Many American products would be allowed to enter Vietnam for free.
The agreement expected with India did not take place, and the EU diplomats said on Friday that they could not achieve a breakthrough in Trump’s business negotiations, and now they can try to expand the status quo to avoid increasing tariffs.
(Tagstotranslate) trade agreements
