The Trump administration is put under pressure Trading partner to quickly make new offers before A Wednesday periodto start with the plans for the United States Send letters Monday warning countries that are higher Tariff Could occur in August 1.
This promotes uncertainty for companies, consumers and America’s trading partners, and the questions remains as to which countries will be notified, whether something will change in the coming days and whether President Donald Trump will impose interest rates again. Trump and his top trading consultants say that he could extend the time for dealmaking, but they insist that the administration exerts the maximum pressure on other nations.
Kevin Hassett, director of the Weißen Haus National Economic Council, told CBS ‘”Face the Nation” on Sunday that Trump would decide when it was time to give up the negotiations.
“The United States are always ready to speak to everyone over everything,” said Hassett. “There are deadlines and there are things nearby. Perhaps things will exceed the deadline or you will not do it. In the end, the president will make this judgment.”
Stephen Miran, the chairman of the White House’s Economic Council, also said that the countries that could negotiate and make concessions in good faith “let the date roll”.
The steeper tariffs This President Donald Trump announced that April 2 revised the global economy and led to more comprehensive trade wars. A week later after the financial markets were panicked, his administration was exposed to most higher taxes on imports for 90 days, as they should be effective. The negotiation window until July 9 has only announced with the United Kingdom and Vietnam.
Trump imposed dozens of nations, which perform sensible trade surpluses with the USA, increased tariffs and a property tax of 10% to imports of all countries in response to what he described as an economic emergency. There are separate ones 50% tariffs on steel and aluminum And a 25% tariff for cars.
Since April, only a few foreign governments have set new trade conditions with Washington, as the Republican President demanded.
Trump informed the reporters in the early Friday that his administration will send letters to the countries on Saturday if they align their collective bargaining prices if they did not achieve a deal, but that the United States would only start these taxes on August 1st. On Friday evening he said he would send letters “probably 10 or 12” on Monday.
He and his consultants have refused to say which countries would receive the letters.
Finance Minister Scott Bessent rejected the idea that August 1st was a new period and declined to say what could happen on Wednesday.
“We’ll see,” said Bessent about the state of CNN. “I will not give away the game book.”
He said the United States was “almost several shops” and predicted several great announcements in the next few days. He did not state any details.
“I think we will see a lot of offers very quickly,” said Bessent.
Trump has announced a contract with Vietnam, which would enable us to enter the country -free country -free entry, while the Vietnamese exports to the United States would be exposed to 20%.
This was a decline compared to the 46% tax on Vietnamese imports, which he had proposed in April-one of his so-called mutual tariffs, the dozens of countries aimed with a trade deficit.
Asked if he had expected business to achieve business European Union Or India, Trump said on Friday that “letters are better for us” because it is involved in so many countries.
“We did India and with Vietnam, we did it, but much easier to send a letter:” Listen, we know that we have a certain deficit, or in some cases a surplus, but not too many. And you have to pay for this if you want to do business in the United States. ”
However, Canada will not be one of the countries that receive letters, said Trump’s ambassador Pete Hoekstra on Friday after the trade talks between the two recently recessed countries have been resumed.
“Canada is one of our biggest trading partners,” Hoekstra told CTV News in an interview in Ottawa. “We will have a deal that is articulated.”
The Canadian Prime Minister Mark Carney said that he wanted to create a new deal by July 21, or Canada will increase the trading bills.
Hoekstra would not commit to a date of a trade agreement and said that Canada could still have some tariffs with a deal. But “we won’t just send Canada a letter,” he said.
