Donald Trump Tariffe News Live: President Donald Trump burned letters to several countries on Monday’s pressure on US business partners and informed them about their new tariff rate. At the same time, Trump took part of the advantage by signing an executive event on Monday to extend the date of all “reciprocal” tariffs, with the exception of China, until August 1.
Also read: How the Global Markets reacted
These “mutual” tariffs were expected to enter into force on Wednesday 9 July. In some cases, the letters of Trump specify new “reciprocal” tariff rates that are higher or lower compared to the April level.
Japanese Prime Minister Shiger Ishiba and President of South Korea Lee Jae-myung were the first recipients of Trump’s letters.
Also read: A complete list of American tariffs for Japan, Myanmar, others
Both countries will face 25% of the tariff, which will come on August 1, Trump said in the Social Truth. He later announced that similar letters were sent to Malaysia, Kazakhstan, South Africa, Myanmar and Laos and reported their leaders about new tariff rates of up to 40%.
Later, he published seven new letters sent to Tunisia, Bosnia and Herzegovina (which is set to 30% tariff), Indonesia, Bangladesh, Serbia, Cambodia and Thai, making 14 letters on Monday.
(Tagstotranslate) India
