President Donald Trump said he delayed high tariffs on products entering the United States in 14 countries, including Japan and Korea.
Trump’s latest development for world trade will expire this week, with a 90 -day suspension of suspension of the White House in some of the most aggressive imports.
The president has renewed a 25%tax threat to products in Japan and Korea and shared another letter to world leaders who warns of charges from August 1.
More tariffs were scheduled for July 9, and it was previously suspended. A White House official said he would attack trade transactions.
On Monday, Trump shared a letter dealing with leaders from 14 countries on social media to announce the latest tariff plans and added that “the rate can be” up or down “according to the relationship with the state.
Most of the tariffs that Trump summarized were the same as in April. When he presented “Day of Liberation”, he threatened a new wave of taxes on products in various countries.
The president argues that the introduction of tariffs will protect US companies from foreign competition and increase domestic manufacturing and jobs.
But economists say that this action will increase the price of the United States and reduce trade. The three major market share indexes in the United States slipped on Monday, and Toyota’s US listed stocks decreased by 4%.
According to US trade data, Japan has sent more than $ 148 billion to the United States after the European Union (EU), Mexico, China and Canada, the largest imported supplier in the United States. Korea was also in the top 10.
On Monday, as well as Korea and Japan, Trump plans for 40%tariffs on Myanmar and Laos products, 36%of tariffs on products in Thailand and Cambodia, 35%of tariffs on Serbia and Bangladesh, 32%tariffs in Indonesia, and 32%of tariffs, 25%of Malaysia and Tunia.
Caroline Levitz, the White House reporter, said he could follow more letters in the future.
She challenged the suggestion that the changing tariff deadline from July 9 to August 1 could reduce Trump’s threat.
“The president’s call can be told to you, and always divided from all over the world to make a contract,” she said.
When the president first announced a steep tariff in April, a confusion occurred in the financial market, and the president stopped the highest task to allow talks while maintaining a 10%charge.
Scott Bessent, the finance minister, expected “busy days.”
“We have changed the adjustment in terms of negotiations in terms of negotiations.
Trump first described the tariffs in April as “mutual” and insisted that it was necessary to fight against other countries that were unfairly unfair to US exports.
He presented tariffs on major sectors, such as steel and automobiles, cited national security issues, and threatened to increase on other items such as pharmaceuticals and wood.
There is a complex trade dialogue in multi -layered policies, and automotive tariffs are the main fixed point of negotiations with Japan and Korea.
So far, the United States has hit an agreement with the United Kingdom and Vietnam and a partial deal with China. In all three cases, tariffs have been raised compared to the level before Trump returns to the White House, and the main problems remain unresolved.
The United States said that the deal with India has become close.
A spokesman for the European EU also said that President Ur Kula von de de de de Rayen, the European Commission, had a “good exchange” with Trump.
Just a few weeks ago, the US president threatened the EU with a 50%tax unless he reached a contract.
Last week, Trump said that Japan could face “30% or 35%” tariffs if Japan failed to reach the US by Wednesday.
