According to its own statements, the United States moves the introduction of its planned new rates until 1 August. President Donald Trump will sign a corresponding decree, explains the presidential office. In the next “48 hours” a lot of deals “would be packed.
Trump had previously announced the rates of 25 percent of import from Japan and South Korea from 1 August. According to insiders, the EU should not initially be announced by the United States.
There will be no customs letter to the European Union, say the EU representatives who do not want to be called. Trump had suspended punitive rates against the EU for a negotiation period of three months. This ends on Wednesday 9 July.
On Monday afternoon, American President Donald Trump Truth Social Zollbeke released the governments of Japan and Zuid -Korea on his short shopping service. Governments in Tokyo and Seoul were initially not available. After the announcement of Japan and South Korea, the important US stock indices on Wall Street expanded their losses.
Trump warned Japan and South Korea to countermeasures
The US president has also pronounced a warning to the two countries: “If you decide for some reason to increase your rates, the number that you want to increase is added to the 25 percent we collect.”
Trump had previously announced that 12 to 15 countries received corresponding letters on Wednesday. In April, Trump introduced a base -customover from ten percent to almost all EU imports. In addition, special rates apply to certain products, such as steel and aluminum-sucking auto-import. With his customs policy, Trump wants to reach more in the US.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
