Trump Plans to Start Notifying Countries of US Tariffs Up to 70% [View all]
Source: msn/Bloomberg
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US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on their exports effective Aug. 1, while reiterating a preference for simplicity over complicated negotiations five days before his deadline for deals.
Trump told reporters that about “10 or 12” letters would go out Friday, with additional letters coming “over the next few days.”
“By the ninth they’ll be fully covered,” Trump added, referring to a July 9 deadline he initially set for countries to reach deals with the US to avoid higher import duties he has threatened. “They’ll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs,” he added.
US talks with economies from Indonesia and South Korea to the European Union and Switzerland are reaching critical stages, where the most contentious issues are hammered out. Trump’s latest threat, which fits his pattern of issuing ultimatums to break any impasses, aligns with earlier statements that some nations won’t have a say in their tariff level.
Read more: https://www.msn.com/en-us/money/other/trump-plans-to-start-notifying-countries-of-us-tariffs-up-to-70/ar-AA1HVzpt
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