
US President Donald Trump’s 90-day tariff break Next week is running – and his administration has not achieved too many victories in the Deals front. In fact, before July 9, his government only presented a trade agreement with Great Britain when the so -called mutual mutual tariffs of the United States are supposed to return.
Trump on Tuesday told reporters That he was not interested in extending the deadline to experience more time for the negotiation, and soon letters in which tariffs “many countries” were announced.
Nevertheless, the administrative officials were publicly confident that they can present more offers with the US Minister of Trade Howard Lutnick in the coming days Suggest last week that there were 10 deals ready to go. (He did not state which countries were willing to sign a trade agreement.) Kevin Hassett, director of the National Economic Council, recently said that trade agreements could be announced after the holiday of 4 July.
Trump on April 2 Steep tariffs beaten On the rest of the world she paused a week later to give time for negotiations. US trade partners have spent the last three months in hectic negotiations to reduce these tariffs – but so far they have little to show.
So far, the administration has agreed a trade agreement with Great Britain and a “trade agreement” with China (which only relocates the tariffs to their “liberation day”).
In just one week until the return of the tariffs, things are in Asia’s trade negotiations with Washington.
Japan
The conversations between the USA and Japan have achieved a roadblock: Trump’s imposed a steep 25% tariff for cars. Japan’s auto industry is that fourth largest In the world, almost 3% contributes to the country GDP and employs one of eight employees. The United States is Japan’s largest autoxport market that is bought a third all of its production.
Autozölle are “nothing we can accept”, Japan’s chief negotiator Ryose egg Akazawa told reporters Last Thursday. Okazawa has not said a solution for Autozelle that negotiations “stayed in a fog. “”
Japan is also confronted with a tariff of 24% on all exports and a 50% tax on steel and aluminum.
Nevertheless, Trump seems to be Trump particularly upset about Japan and his long -term surplus with the USA on Sunday complained that The one-sided car trade was “not fair”, which indicates that Japan bought more US oil to close the deficit gap. He repeated his complaints on Tuesday Call Japan “Hard” and “spoiled” for reporters.
South Korea
South Korea hopes to be freed from all US tariffs, including the 25% mutual tariff for its exports as well as the 25% tariffs for cars and the 50% tariff for steel and aluminum.
Korea’s senior retail negotiator Yeo Han-Kooo met Lutnick and the US trade representative Jamieson Greer last Monday to start negotiations. All parties confirmed their commitment to the soon A new free trade agreement (Fta) between South Korea and the USA can be in the works.
Trade is the first major challenge with which the newly elected South Korean President Lee Jae-Myung, who took office at the beginning of this month, took up after a snap. In his Opening speechLee described “increasing protectionism” as “threat to our survival”.
Korean negotiators do not seem to be optimistic that they will comply with the deadline on July 9th A high -ranking Korean civil servant who tells reporters On Monday, Seoul will try to find an extension.
India
Both the USA and India had Expressed initial optimism that they would be able to achieve a trade agreement, with India being one of the first countries that starts negotiations with the USAin April. No agreement has been announced from now on. India is currently exposed to an “mutual” tariff of 26% of its exports to the USA
Indian officials are Reports hesitantly To lower your own tariffs for agricultural products that enable us to get products into the market. Agriculture is India largest employment sectorWith almost half of the population in agriculture.
India also hopes to benefit from supply chains that pull out of China. Companies like Apple and Foxconn invest In Indian factories to diversify their supply chains and possibly avoid US tariffs for Chinese goods. Nevertheless, Trump criticized Apple’s attempts to produce iPhones in India instead Demanding smartphones be made in the USA
Nevertheless, the US President said he remains optimistic that a deal comes. On Tuesday, he suggested that the United States will soon be able to “participate and compete in India in India”. When Neu -Delhi opens its market, “we will have a deal for much fewer tariffs,” he said.
Southeast Asia
The Southeast Asian countries received a number of steepest tariffs on April 2, some of which reached up to 49%. Several countries in the region rely on growth exports and cause a rush of managers to offer concessions. Promise to increase Your own imports of US goods to try to make a deal with Washington.
Vietnam Prime Minister Pham Minh Chinh said Last week that he was confident, a “positive” trade agreement with the USA was concluded before the deadline. (Vietnam currently has a 46% tariff on its US-bound exports.)
Indonesia And Malaysia– The tariff rates of 32% or 24% – have also expressed optimism that they can complete negotiations before the tariff break runs next week.
Thailand is less sure about the status of his trade negotiations. Thailand’s finance minister Pichai Chunhavajira came to the USA on Monday to start personal conversations and said that he hopes these conversations Is extended after July 9th.