The Trump administration increases the pressure on Trading partners quickly to make new deals before a Deadline of WednesdayWith plans to start the United States Sending letters Monday warning countries that are taller tariffs can start in August 1.
It encourages uncertainty to businesses, consumers and trading partners of America and remain questions about which countries will be informed, whether anything will change in the days that follow and whether President Donald Trump will once again impose the rate of rate. Trump and his top trading advisers say he could extend the time to addition, but they insist that the administration is applying maximum pressure on other nations.
Kevin Hasset, director of the White House National Economic Council, told CBS’s Face the Nation on Sunday that Trump would decide when it was time to give up negotiations.
“The United States is always ready to talk to everyone about everything,” Hasset said. “There are deadlines and there are things that are close, so maybe things will return within the deadline or maybe there is no one. In the end, the president will make that verdict.”
Steven Miran, president of the White House Council of Economic Advisors, also said that countries are negotiating goodwill and making concessions can “sight, use the date”.
The Tighter tariffs That President Donald Trump has announced that he has threatened to renovate the global economy on April 2 and lead to a wider trade war. A week later, after the financial markets Panicia, his administration suspended for 90 days most of the higher import taxes just as they were to take effect. The July 9 negotiating window has led to announced deals with only the UK and Vietnam.
Trump imposed elevated tariffs on dozens of nations that lead significant trade surpluses with the United States and 10% basic import tax from all countries in response to what the economic emergency called it. There are separate 50% tariffs for steel and aluminum and 25% tariff for automatic authors.
Since April, several foreign governments have set new trade conditions with Washington, as the Republican president demanded.
Trump told reporters early on Friday that his administration could send letters back to Saturday to countries that led their tariff prices, if they did not reach an agreement, but that the United States would not start collecting those taxes by August 1 on Friday night, he said that “they will probably send 10 or 12″ different money on Monday. Something different statistics. ”
He and his advisers refused to say which countries would receive the letters.
Ministry of Finance Scott Biesent has rejected the idea that August 1 is a new deadline and refused to say what could happen on Wednesday.
“We see Seee,” Biesent said of the state of the Union of SI -N. “I will not give the book to play.”
He said the United States was “close to several deals” and predicted several major announcements over the next few days. He did not give details.
“I think we’ll see a lot of deals very quickly,” Ruben said.
Trump has announced an agreement with Vietnam that will allow US products to enter the country without duty, while Vietnamese exports to the United States would face a 20%tax.
This was a 46% tax drop in the Vietnamese import proposed in April-one of its so-called reciprocal tariffs aimed at dozens of countries with the United States running a trade deficit.
Asked if he expects to achieve deals with European Union Or India, Trump said on Friday that “letters are better for us” because there are so many countries.
“We have India to appear with Vietnam, we have done it, but much easier to send a letter saying, ‘Listen, we know we have some deficit, or in some cases surplus, but not too much. And this is what you will have to pay if you want to work in the United States.”
Canada, however, will not be one of the countries that received letters, Trump’s Ambassador Pete Joekstra, said on Friday after trade talks between the two countries continued.
“Canada is one of our biggest trading partners,” Joekstra told CTV News in an Ottawa interview. “We have an agreement that is articulated.”
Canadian Prime Minister Mark Carney has said he wants a new deal by July 21 or Canada will increase trade countermeasures.
Joekstra would not devote himself to the date for a trade agreement and said that even by agreement, Canada could still face some tariffs. But “we will not send Canada just a letter,” he said.
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