Trump, Tariffs
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President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.
U.S. Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to Asia since taking office, seeking to reassure them the region is a U.S. priority despite President Donald Trump's tariff offensive.
President Donald Trump on Monday informed Japan and South Korea that 25% tariffs will be imposed starting Aug. 1 on goods sent to the United States.
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The Well News on MSNTrump, Pushing for Trade Deals, Unveils Latest Round of Sweeping TariffsPresident Donald Trump signed a new round of tariff demand letters on Wednesday, warning that levies ranging from 25% to 40% would go into effect in August if the targeted countries fail to reach new trade deals with the U.
Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,
Following White House Press Secretary Karoline Leavitt's statement that more letters are expected soon, the United States President posted five more letters to Malaysia, Kazakhstan, Myanmar, Lao People's Democratic Republic, and South Africa. 25 percent tariff has been imposed on Tunisia on its imports.
Secretary of State Marco Rubio met counterparts in Southeast Asia during his first visit to the region since taking office.
While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.
In letters so far to 14 countries, including smaller exporters to the United States such as Serbia, Thailand and Tunisia, Trump hinted at opportunities for additional negotiations, even while warning that reprisals would draw a like-for-like response.
President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S., informing them of their new tariff rates.
It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.
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MiBolsilloColombia on MSNTariffs 'Not 100% Firm': Trump's Strategy Sparks Global BRICS FuryPresident Donald Trump's administration has reignited global trade debates with its ambiguous tariff strategy, extending deadlines and provoking strong international reactions.