Trump plans to start notifying US countries by up to 70 %

Trump told reporters that the letters “10 or 12” will come out on Friday, with additional messages to “during the next few days.”

“By the ninth, which will be completely covered,” Trump added, referring to the deadline on July 9, initially set for countries to reach deals with the United States to avoid the high import duties it threatened. “Value will range from 60 or 70 % of the tariff to 10 and 20 % of the customs tariff,” he added.

The United States speaks with economies from Indonesia and South Korea to the European Union and Switzerland to critical stages, where the most controversial issues are eliminated. Trump’s latest threat, which fits his pattern to issue a warning to break any wives, is in line with the earlier Data Some countries will not have an opinion on the level of customs tariffs.

The top layer will be in the scope of the new customs tariff, if the official nature is adding, higher than any of the fees that the president initially set during “Editing Day” in early April. Those that ranged from the 10 % foundation tariff in most economies with a maximum of 50 %. Trump did not explain the countries that will get the definitions or whether this means that some goods will be imposed on them at a higher rate than others.

Trump said the two countries “will start paying on the first of August. The money will start going to the United States on August 1.” Customs duties are usually pushed by the importer, or a broker who behaves on behalf of the importer. But the margins of profit or final consumer are often absorbed a lot of cost.

Arrows in Asia and Europe Decline Along with the dollar. The stock markets and the American Ministry were closed to spend the July 4 holiday.

The late effect of definitions on inflation has some federal reserve officials Be careful not to cut Upper Egypt. The Federal Reserve has been affected by this year-cut rates-despite the severe pressure from Trump-in part to determine whether the high-dependent price tariff prices may develop into more cost-effective pressures.

Trump has long threatened that if countries fail to reach deals with the United States before the deadline next week, he will simply impose prices on them, raising the risks to commercial partners who rushed to secure agreements with his administration.

Initially announced the highest “mutual” tariff on April 2, but it stopped for 90 days to allow the time of the two countries to negotiate, and put a 10 % rate during that time break.

Bloomberg Economics estimates that if all mutual definitions are raised to their threatened level on July 9, the average imports in all American imports can reach about 20 % of approximately 3 % before Trump’s inauguration in January. This would add to the risks of growth and inflation of the American economy.

So far, the Trump administration has announced deals with the United Kingdom and Vietnam and agreed to China with China, which has witnessed the largest of the world’s economy to reduce the government tariff against Tat and Less export controls.

On Thursday, he was asked if there were more deals on the way, Trump replied that “we have some other deals, but you know that Millie is to send a letter abroad and say what are the definitions they will pay.”

He said, “It is much easier.” “I prefer a simple deal where you can maintain and control it.”

Trump announced the Vietnam deal on Wednesday, saying that the United States will put a 20 % tariff on Vietnamese exports to the United States and 40 % on the goods that are known through the nation – in reference to the practice through which components are directed from China and possibly other countries across third countries on their way to the United States.

Vietnam deal

While the rates are less than the 46 % duty that Trump imposed in Vietnam at the beginning, it is higher than the global level. Many details of the deal are still unclear, as the White House was issued after he issued a term paper or any advertisement was published.

After Trump’s announcement, Vietnam said the negotiations It is still continuing.

Indonesia He is confident that he is close to securing a “bold” trade deal with the United States, which will provide critical minerals, energy, defense cooperation, and reach the markets before the deadline for the tariff that is looming on the horizon, according to the country’s chief negotiator in the country on Friday.

However, many major commercial partners, such as Japan, South Korea and the European Union, are still working on the final touches on their agreements.

The best commercial official in South Korea will visit the United States this week New proposals At an attempt at the last minute to stop it before the high tariffs are scheduled.

The US President expressed optimism about reaching an agreement with India, but he harshly spoke about the possibilities of an agreement with Japan, where Tokyo was thrown as a difficult negotiating partner. His criticism has intensified this week, saying that Japan should have to “pay 30 %, 35 %, or whatever the number we specify.”

Trump also said on Tuesday that he was not thinking of delaying the deadline next week. When asked about any possible extension of the conversations, US Treasury Secretary Scott Beesen said earlier on Thursday that Trump would make the final contact.

“We will do what the president wants, and the person who will determine whether they are negotiating in good faith will be,” Pesin said at CNBC when asked whether the deadline may be prolonged.