US President Donald Trump said on Saturday that goods imported from Mexico and the European Union will face 30 % of the tariff rate from 1 August. He made the notice published on Truth Social, the Social Media platform.
Trump announced tariffs on two of the largest business partners of the United States. In his letter, Trump acknowledged that the country was useful to stop the flow of undocumented migrants and fentanyl into the United States.
However, he said that the country had not done enough to prevent North America from turning into a “nail-trailing playground”. In his letter he also quoted a business imbalance with the European Union.
The EU was hoping to achieve a comprehensive business agreement with the US on the 27-floor block.
Just three days ago, Trump sent formal letters to the heads of states of seven countries – Algeria, Brunej, Iraq, Libya, Moldova, Philippines and Sri Lanka. This step, framed by Trump as a step towards a “balanced and fair trade”, imposes obligations ranging from 25 % to 30 % and includes strict warnings of retaliation.
At the beginning of this week, Trump issued a new customs announcement for a number of countries, including Japan, South Korea, Canada and Brazil, as well as 50 % of copper tariff.
Japan and South Korea were warned against 25 % collection on a wide list of goods. Other countries, including Indonesia, Bangladesh, Thailand, South Africa and Malaysia, face duties ranging from 25 % to 40 %.
According to the White House, these events are part of the “business plans for tailor -made” created for each country.
European shares rejected the renewed threat from Trump’s tariffs
On Friday, European stocks fell as Trump increased his business rhetoric and, according to the Bloomberg report, threatened the blankets by 15 % to 20 % in most countries.
The STOXX Europe 600 has fallen by 1 % closure, which is the largest decrease in three months. Sectors of healthcare and consumer products and services have decreased most, with luxury names sensitive to tariff such as Kering SA and Moncler SPA Sppa.
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Banks were also among the main laggards. DNB Bank Asa dropped by 8.8 % after the creditor reported lower profits in the second quarter, because the income from the loan did not reach the analyst estimates. The energy overcame the energy, with BP PLCs higher after the analysts said that the encouraging update would increase the expectations of earnings, the report said.
The tariffs exposed shares, including cars, are back in the focus after Trump threatened 35 % of the tariff to some Canadian goods and increased the prospect of growing doses in most other countries.
Tariff interviews between Bangladesh and the US ends without a conclusion
Three -day interviews about the second round between Bangladesh and the United States ended without conclusion, the report said or.
“Both countries have agreed on the other questions of the third and last day of the second round of business interviews. However, some problems remain unresolved. Both parties have decided to continue among them between them. On Saturday
“The discussion can be practically also personal. It is expected that time and date will be set very early. A business advisor, secretary and another secretary will return to the country tomorrow. They will go again if necessary,” he added.
“After three days of interviews, Sheikh Bashir Uddin is an advisor to the trade, and the security advisor Khalilur Rahman optimistic that at a specified time it is possible to achieve a positive position,” the statement said.
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