Trump strengthens the trade war with a raid tariff targeting 14 countries International Trade News

US President Donald Trump has revealed severe definitions of more than ten countries, as he formed his campaign of pressure aimed at winning concessions on trade.

On Monday, Trump’s latest commercial threats put 14 countries, including the main American allies in Japan and South Korea, in a notice that they will face a tariff from 25 to 40 percent of August 1 unless they take more American exports and increase manufacturing in the United States.

In almost identical messages to the leaders of the countries, Trump said the United States “decided to move forward” with its relationship, but “only with a more balanced and fair trade.”

Trump has warned that any retaliatory taxes will get a higher tariff, but left the door open to alleviate the measures of countries that reduce commercial barriers.

“If you want to open closed trade markets so far to the United States, and cancel the customs tariffs, policies, policies and commercial barriers, we will look, and we may consider modifying this message,” Trump said in the messages, using capital messages to emphasize certain words.

“These definitions may be modified, up or down, depending on our relationship with your country.”

Speaking to reporters later on Monday, Trump said the deadline on August 1 was “fixed” but not “100 percent of the party.”

“If they call and say we want to do something differently, we will be open to it,” he said.

Trump’s most severe tariffs will be applied to Laos and Myanmar, which both have 40 percent duties. Japan, South Korea, Malaysia, Kazakhstan and Tunisia will be subject to the lowest rate of 25 percent.

Cambodia and Thailand face a 36 percent tariff rate, the rate of Serbia and Bangladesh by 35 percent, South Africa, Bosnia and Herzegovina at a rate of 30 percent. Indonesia will undergo 32 percent.

All 14 countries, which have many economies that depend on export, were previously subject to a 10 percent foundation tariff.

Japanese Prime Minister Shigro Ishiba described a tariff for his country “really unfortunate”, but said that the Japanese side will continue negotiations towards a useful agreement for both parties.

The Ministry of Trade, Industry and Energy in South Korea said in a statement that it will provide negotiations before the deadline on August 1, “to reach a result of useful negotiations for both parties to address cases of uncertainty in the speed of customs tariffs.”

Lawrence Luo, director of the Government and Sustainability Center at the National Business Administration at the University of Singapore, said that Asian countries are limited in their ability to present a unified front in the face of Trump’s threats due to the variation of their commercial features and geopolitical interests.

“It is not possible for these countries, even for an official agreement like ASEAN, to act in a coordinated manner. It is likely that every country is of itself on its own,” in reference to the association of 10 members in Southeast Asian countries.

“This is Trump’s Trump card.”

Luo said that the countries in the region will feel pressure to make concessions to Trump to avoid the damages to their economies.

He said: “In a row for Asian countries, the failure to make concessions will become more harmful than playing with the United States.”

“Especially for the smaller countries that have a lower power of bargaining, revenge is not possible.”

While the Trump administration has increased pressure on its commercial partners to reach deals to avoid high definitions, only three countries have announced-China, Vietnam and the United Kingdom-on agreements to cancel trade tensions.

US Treasury Secretary Scott Bessin earlier on Monday disturbed the announcement of “several” agreements during the next 48 hours.

BESSENT did not clarify the countries that will participate in deals or what the agreements might have.

White House press secretary Caroline Levit told a media conference that Trump will send more messages this week and that the administration was “close” to announcing deals with other countries.

“Although American partners will be eager to negotiate relief from definitions, many governments may be called for higher taxes on their exports to move forward.

“In my view, many are likely to be under pressure to publish every institutional and political crane available to address legitimate American commercial concerns, especially about the rules of origin and legitimate (intellectual property) interests,” Cheng told Al Jazerara:

“However, there may also be aware that the current tariff lines are more durable than expected, so measures can be transformed towards targeted residence, with the preparation of exporters and local industries for the future of trade where a large percentage of this tariff barrier will remain.”

“My personal view is that the largest part of the current tariff rate is more convenient than it may be assumed at first,” Cheng added.

“Future concessions can be within one percentage percentage of average rate.”

The US Securities Market in the United States decreased sharply on the latest Trump tariff threats, as the S& P 500 index decreased by 0.8 percent and a 0.9 percent NASDAQ NASDAQ fell.

The main Asian indexes opened on Tuesday, with the Hang Kong Index in Hong Kong increased by 0.35 percent, South Korea increased by 0.73 percent, and Niki 225 in Japan by 0.03 percent at 02:15 GMT.