US EditionTrump’s sudden shifts make his policies baffling to countries trying to negotiate lower tariffs
UNITED STATES, JUL 12 – President Trump threatens 25% to 50% tariffs on multiple countries to renegotiate trade deals and reduce U.S. trade deficits, with current average U.S. tariffs at 16%, up from 2.5% earlier this year.
- Trump threatened to impose tariffs ranging from 15% to 50% on imports from over 20 countries, including major trading partners like Brazil, Japan, and South Korea, starting August 1st.
- Brazil's president Lula da Silva vowed to retaliate against Trump's tariffs by suspending trade agreements that harm Brazil's competitiveness.
- Despite ongoing negotiations, Trump escalated conflicts with Canada and the EU by raising tariffs on their imports to 35% and 30% respectively, effective August 1st.
67 Articles
67 Articles
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US President Donald Trump's tariff policy will pose a permanent burden on Americans' wallets. Most Fed officials assume this. This could affect their decision on a possible interest rate cut. These steps also affect, for example, Czechs investing in American financial markets.
In Donald Trump’s Washington, it is easy to forget what things were like in another time... that is, a week ago. In this, tariffs have returned to the front line of the political and economic discussion, but not, as was to be expected, because it was going to expire the July 9 deadline that he himself gave for the activation of the levies with which he himself threatened dozens of countries in April, but because the President of the United State…
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