- President Donald Trump Said, although the trade negotiations have not yet been completed, he would rather send countries a letter in which the collective bargaining prices they are exposed to and not extend the deadline of July 9 if the appendix of its “mutual tariffs” will take place. Trump previously vowed to send similar letters in May and the beginning of this month, although the talks were passed on.
The United States is still involved in trade negotiations during a temporary break for aggressive “mutual tariffs”, but instead President Donald Trump said that he could instead send letters to countries that define the prices that they are exposed.
In an interview about Fox news Sunday morning futures with Maria BartiromoHe was asked about the 90-day hold that he had put on the “Liberation Day” tariffs presented in April. This break expires on July 9th.
“I would rather only send you a letter, a very fair letter and say:” Congratulations, we will allow you to act in the United States of America. You pay a tariff of 25% or 20% or 40 or 50%, “replied Trump.” I would rather do that. ”
When asked whether the break is not being extended, he said: “I don’t think I will need it because – I could – there is no big deal.”
Trump continued to clarify his attitude to the deadline on July 9th and said: “I will send letters. This is the end of the trade agreement.”
He then picked out Japan to give a hypothetical example of a letter: “I could send you to Japan.” Dear Mr. Japan, here is the story: you will pay a tariff of 25% for your cars. ‘”
In the letters, the tariff rates would be explained by quoting the trade deficits in every country and how well it treats the United States, Trump added that negotiations will not be necessary in some cases.
“We don’t care about some countries. We will know, you will only send out a high number,” he predicted. “But we’ll send letters pretty soon. No, we don’t have to meet. We understand. We all have.”
This comes after the administration had previously signaled a certain flexibility in the period on July 9. Finance Minister Scott Bessent told Finance Minister on Friday fox Business that depends about a dozen with top trading partners could be completed by the laboratory day.
In the meantime, Trump previously swore to send similar tariff letters in May and the beginning of this month, although the negotiations were continued. Officials of the White House have been saying that large trade agreements are imminent for weeks.
But his latest comments could indicate a harder line or an increased impatience. On Friday, Trump said that he immediately ended all trading talks with Canada, with the plan to collect digital services on US tech giants.
The remarks briefly placed the growing stock market, but the rally later took up and sent the S&P 500 and sent Nasdaq to fresh record highs.
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