US President Donald Trump sends letters to his trading partners. Shortly before the end of a period in customs duties, he “signed a few letters and they will be sent on Monday,” Trump said Friday. He has not revealed which countries the letters are going – but how much.
“It is easier to send a letter that says:” Listen, we know we have a certain shortage, or, in some cases, an excess, but not much. And here is what you have to pay to do business in the US, “Trump said on Monday, it will then be announced to which countries the letters will be sent, but it would be” probably twelve “.
“We did this with the United Kingdom and it was very good for both parties,” Trump continued. “We did it with China and I think it’s very good for both parties.”
Customs between 10 and 70 percent
On Thursday, Trump announced that the trading partners want to inform the trading rates by letter. He announced that the rates would be between ten and 70 percent. There is still no agreement between the EU and the US.
Trump systematically trusts rates to struggle other countries in other areas. At the beginning of April he imposed high habits for countless states and shortly thereafter she reduced for most countries for most countries for 90 days. Negotiations must be carried out during this time.
The deadline ends on Wednesday
The Deadline for the EU is on July 9, for many other countries on July 8. The states involved are now trying to make similarities with the US to prevent higher rates. US officials have indicated that different trade agreements could be announced in the coming days.
The EU threatened Trump with customs surcharges of 50 percent if it did not agree with the US by July 9, but also indicated the opportunity to extend the deadline. 50 percent inch would be five times the currently valid ten percent – this basic customs set introduced by Trump for most goods is also considerably higher than the previous customs level.
Negotiations in Washington
EU trade commissioner Maros Sefcovic had led further negotiations in Washington this week and spoke about a “productive working week”.
Trump caused disputes with trading partners worldwide with his customs policy. An increased American customs of 25 percent already applies to certain products such as cars, and it is 50 percent for steel and aluminum products.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
