The global tariff policy of US President Donald Trump is coming to a sharper focus because his administration is moving to implementing trade measures. Updated shale -adapted tariffs – from 10% to 40% – is determined in the 7th August, according to the executive order issued last week.
“These tariff rates are largely determined,” said US sales representative Jamieson Greer while performing at CBS News. “I expect my phone to explode into the air … With these rates right now, we see the outlines of the President’s tariff plan.”
A “day of liberation” a tariff plan
Trump first introduced a basic 10% tariff on almost all American imports on April 2, called “Liberation Day”, followed by a number of higher -specific rates. The initial announcement launched a decline in the stock market, which caused the administration to postpone the implementation twice to allow time to negotiate.
Trades affected by business partners
In the weeks following the “day of liberation”, Trump’s business team joined in quick conversations with many countries. The agreements were reportedly concluded with the European Union, Great Britain, Vietnam, Japan, South Korea, Philippines, Indonesia, Cambodia, Thailand and others.
“Some of these stores are announced, others are not, others depend on the level of business deficit or surplus that we can have with the ground,” Greer explained.
“There are trade ministers who want to speak more and see how they can work with the United States in a different way,” Greer said. “But I think we have, right now we see the outlines of the President’s tariff plan with these rates.”
Chinese truce and Russia is building
As part of the wider business strategy of Trump, a tariff ceasefire with China is currently introduced, but will be ready to expire on August 12. At the same time, the administration gave Russia to 8 August to achieve a peace agreement with Ukraine. If you do not do so, they can lead to secondary tariffs or sanctions on countries buying Russian oil.
The ongoing legal battle
Extensive tariffs also face legal control. Last Thursday, the US Court of Appeal listened to the Federal District to save such tariffs. Trump raised emergency powers to justify measures, but legal experts raised questions about the scope of its authority.
(Tagstotranslate) Global tariff policy
