Those who did not sign the deal – fastbn

Those who did not sign the deal


U.S. President Donald Trump called on reporters during a meeting with Philippine President Ferdinand Marcos Jr. in Washington, DC on July 22, 2025.

chip somodevilla | Getty Images News | Getty Images

By Friday, the world will have to go with the Trump administration’s higher tariff rates, thereby raising the ghost of more economic uncertainty.

For most countries, the worm can has been kicked twice since the ‘liberation day’ on April 2 By July 9, Now It grows 1.

As early as April, Trump had already Claimed to be completed In an interview with Time magazine, “more than 200 deals,” trade consultant Peter Navarro once said that “90 deals in 90 days” is possible. The country is far from reaching this point, with only eight deals in 120 days, including the EU, which consists of 27 members.

This is where things are in global trade.

The UK first settles a deal

The British leader Trade Agreement Along with the United States, it went on strike as early as May. The framework includes a baseline tariff of 10% on UK goods, as well as various quotas and exemptions for products such as automotive and aerospace cargo.

But even after US President Donald Trump Meet Recently, along with Scottish Prime Minister Keir Starmer, some of the key points in their trade agreement remain uncertain. These include the U.S. agreement to cut tariffs on British steel and aluminum. Talking about the UK’s digital service tax, the digital service tax that Trump wants to scrap seems to continue.

Vietnam: More than half of the tariffs

Vietnam is the second time crossing the line with the Trump administration, Trump Trade agreement announced on July 2 This cuts tariffs on Vietnam from 46% to 20%.

One point with Vietnam 40% “variant” tariff Regarding the goods originated in another country and transferred to Vietnam, although it is not clear how to apply it. Trump also claimed that U.S. goods will have a market that fully leads to the country.

Chinese manufacturers have used exchange volumes to avoid their direct freight, using Vietnam as the main transshipment hub.

However, it seems Vietnam blinded both eyes on the applied 20% rate. Politico’s report. Politico said negotiators are expected to be taxed 11%, but Trump unilaterally announced a 20% tax rate.

Indonesia: Let go of obstacles

From Indonesia Reduced tariff rates On July 15, 32% of the deal with Trump reached 19%.

The White House said Indonesia will eliminate more than 99% of U.S. products exported to Indonesia in all sectors, including agricultural products and energy.

The framework also said that these countries will also address various “non-tariff barriers” and other obstacles faced by the U.S. in the Indonesian market.

Philippines: Marginal decline

Unlike the ASEAN counterparts above, their tariffs have been greatly reduced. The Philippines saw it The 20% reduction on July 22 decreased by 19%.

Trump believes that Manila will not impose tariffs on U.S. goods, and according to Trump, he praised the country for “opening markets with the United States.”

In addition, Trump also said that the Philippines will work together “militaryly” without specifying any details. The two countries are already allies in the treaty, Manila hosts U.S. troops and has a mutual defense treaty dating back to 1951.

Japan: Rice and cars

Japan is the second major Asian economy Arrival with the United States After China, its tariff rate fell to 15% from 25% on July 23, and is the first economy to have a lower priority tariff rate for its major automotive industry.

Trump called the deal “perhaps the biggest deal ever”, while adding that Japan will invest $550 billion in the U.S. and the U.S. will “get 90% of the profit.”

The way to reach an agreement is full of uncertainty, Trump said a few days before the agreement is reached Unexpectedly The two countries reached an agreement.

He describes Japan On different occasions “Very tough” In trade negotiations, it is recommended that the country be “spoiled” Because we don’t accept our rice Even though Family rice shortage.

EU: Some dissatisfaction remains

The EU and the US agreement is Attacked a few days ago After a long negotiation. EU goods now face a benchmark tariff of 15% and Trump used to threaten the group. Existing duties on cars will be reduced to 15%, and levies on certain products (such as aircraft) will be levied, and some drug generics will return to January-January levels.

But the deal has Encountering criticismincluding some European leaders. French Prime Minister Francois Bayrou even said it was an act of “submission” and “dark days”. EU Trade Commissioner Maros Sefcovic, however Called This is “the best deal we can get in very difficult situations”.

South Korea: 15% too

South Korea is The latest countries to reach an agreementOn Thursday, these terms are somewhat similar to those received by Japan.

The country’s export tax rate will reach a 15% rate, and the responsibility of the automotive industry is also reduced to 15%. Trump said: “South Korea” will provide the United States with $350 billion in funds for investments owned and controlled by the United States, and I will be elected as president by myself. ”

U.S. Commerce Secretary Howard Lutnick said “90% of the profit” obtained from a $350 billion investment will be “handed to the American people.”

But South Korean President Lee Jae Myung said the $350 billion fund will play a role in promoting “active entry” into industries such as shipbuilding and semiconductors that will facilitate South Korean companies to enter the U.S. market.

China: Negotiations are still ongoing

The Trump administration’s trade negotiations with China are different from those in the rest of the world. From the moment he took office, the world’s second-largest economy has been firmly firm in Trump’s trade crosshairs.

China is not a deal, but has hit a series of suspensions on its “reciprocal” tariff rates. Initially hit with a 34% tariff on Liberation Day A series of back and forth measures Between the two sides, the responsibility for U.S. imports to China soared to 145% of the responsibility and U.S. imports to China 125%.

However, both parties agree Tariffs are lowered in MayAfter their first trade conference in Geneva, Switzerland. The truce lasts until August 12. China currently faces a total tariff of 30%, while the United States is responsible for 10%.

this The country’s recent meeting in Stockholm Ended without an armistice delay, but the U.S. Treasury Secretary said until trump card Sign the plan.

For countries without a deal, it seems higher Global benchmark tariffs are about 15%-20% According to Trump, they will be slapped on them, above the 10% benchmark announced by Liberation Day.

Countries with trade surpluses with the United States are likely to see higher “countdown” tariff rates.

Here are some key trading partners who disagree with the United States to reach an agreement

India: Tariffs and fines

On Wednesday, Trump announced a 25% tariff on India, which he believes is unfair trade policy and an additional “fine” for India to purchase military equipment and energy from Russia.

Trump is Posts about the Truth Society.

The 25% tariff rate is modestly lower than the tariff rate Trump imposed on India”Liberation Day“When he announced a 26% interest rate for key trading partners, but at the high end 20%-25% range The U.S. president said he was considering it.

Canada: A “strong stage”

In recent months, tariffs have been frequently imposed between Canada and the United States, even if the country is attacked by tariffs. forward Trump announced what he called “reciprocity” tariffs.

Canada now face From August 1, tariffs on various commodities are 35%, and Trump also threatens to increase that speed in retaliation. This rate is separate from any departmental tariffs.

Trump has repeatedly quoted drugs flowing from Canada to the United States, which is why he imposed tariffs. Canadian Prime Minister Mark Carney said earlier this week that the partners were in a “hard stage” talk and pointed out that it would not include any tariffs, and it is impossible not to include any tariffs. Report.

Mexico: No signs of progress

Like Canada, Mexico has it Long It is the U.S. tariff target, and Trump believes drugs and illegal migration are factors in his decision to announce taxes on his southern U.S. neighbors.

Mexico hasn’t done enough to secure the border, the president said. Mexico is Set hit Tax rate is 30%, any retaliation will get a higher ratio from the United States

The Mexican government stressed that it is important for trading partners to resolve their problems until August 1, but there are no signs of improvement in recent weeks.

Australia: Stay at the baseline

Australia currently faces a 10% baseline as it faces a trade deficit with the United States. But if Trump decides to raise its benchmark rate to 15%-20%, the country could face higher tariffs.

Canberra has not yet openly held trade talks with Washington and Prime Minister Anthony Albanese Reportedly controversial Australia’s deficit on the United States and its free trade agreement should mean that tariffs should not be imposed on Australian imports.

Recently, Australia’s restrictions on U.S. beef have been relaxed, and the U.S. Trade Representative Office attributed the move to Trump, but Albanes has It is reported This move was not prompted by Trump.



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