Trump, Canada
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Trump, Tariffs
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Japan, which Trump said Monday faces a 25% tariff, wants concessions for its large automobile industry and will not sacrifice its agriculture sector for an early deal, top trade negotiator Ryosei Akazawa said.
President Donald Trump has sent out tariff letters to seven smaller U.S. trading partners in his first batch of import tax announcements of the day.
10hon MSN
With duties set to resume on Aug. 1, numerous foreign governments are now rushing to finalize deals with the White House. That includes the European Union (EU), of which Trump spoke favorably on Tuesday as he claimed that a framework agreement with the bloc was near.
The European Union will not receive a letter from the Trump administration laying out higher tariffs and there is a possibility of exemptions from the U.S. baseline levy of 10%
President Trump said the U.S. will impose steep levies on imports from 20 countries starting next month, raising pressure on trading partners.
"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.
There are now at least 21 nations expecting tougher US tariffs from 1 August, unless they can negotiate an exemption by then.
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ABP News on MSNMarkets Drop, Allies React As Trump Unleashes New Wave Of TariffsTrump’s new tariffs spark global fallout as EU nears limited trade deal. Japan, South Korea, and BRICS push back amid rising economic tensions and market jitters ahead of August deadline.