Unlock the Witte House newsletter for free
The White House starts unilaterally unilaterally on Friday of trading partners of new rates rates during their export to the US, Donald Trump said prior to his threatening deadline of July 9 to complete new deals.
Trump told reporters at night that he expected that “10 or 12” letters would be sent on Friday, with more in the coming days, so that all partners would be “completely covered” by the deadline of next Wednesday.
The new rates would “vary in value from perhaps 60 or 70 percent rates to 10 and 20 percent rates,” Trump said, increasing the possibility that some countries could get even higher levies than those announced on “Liberation Day”, April 2.
Trump initially predicted that there would be a flurry of deals with large trading partners because of pressure from his hefty “Liberation Day” rates. But he seemed to indicate on Thursday that his patience was gone.
While “a few other deals” came, Trump said that others would experience one -sided treatment. “My tendency is to send a letter and say what rates they are going to pay,” he said. “It’s much easier.”
The president did not say whether the rates would be general rates that are levied on all goods, or whether they can contain costs on specific products. Cars and steel are already tariffed at 25 and 50 percent respectively.
The new rates are in force from 1 August and the US will start earning income from that date, Trump said.
American tariff income rose almost four times in May from a year earlier to a record of $ 24.2 billion – an increase of more than 25 percent compared to a month earlier, according to data published this week.
Trump imposed so -called mutual rates up to American trading partners up to 50 percent on “Liberation Day”. Under pressure from bond markets, he quickly made a 90 -day break for countries to negotiate.
Since then, only two governments – the VK and Vietnam – have in principle concluded agreements, leaving a bottleneck for the deadline of July 9.
Most countries pay a flat rate of 10 percent on most other goods since Trump started the break, awaiting the outcome of negotiations.
Important American security partners, such as Japan – who received a rate of 24 percent on 2 April – have clearly concluded the agreement. Trump threatened this week to impose a rate of 30 or 35 percent in Tokyo if a deal could not be agreed.
The rates “Liberation Day” were calculated based on the size of the trade shortage of each country with the US, with large Asian production hubs for American consumer articles such as Vietnam that are the most difficult.
This week, Trump announced that Vietnam – which was beaten with a rate of 46 percent “Liberation Day” – would pay a flat levy of 20 percent on goods manufactured in the country. Goods that are simply sent via Vietnam are confronted with a levying of 40 percent.
