Washington (AP) – Pressure on Trump administration is increasing trading partners Quickly to make new deals before Wednesday’s deadlineWith plans to start the United States to send a letter Countries with warning on Monday Tariff Can kick in August 1.
This leads to uncertainty for businesses, consumers and US business partners, and questions remain about which countries will be informed, whether anything will change in the coming days and whether President Donald Trump will push to implement the rates once more. Trump and his top trade advisors say they may extend time to deal but insist that the administration is putting maximum pressure on other countries.
Kevin Haset, director of the White House National Economic Council, on Sunday, called CBS “” “” “” “” “” “” “” “” “”.
“The United States is always ready to talk to everyone about everything,” Haset said. “There are deadlines, and there are things that are close, so perhaps things will push back from the time limit or perhaps they will not. Finally the President is going to make that decision.”
Stephen Miran, president of the White House Council of Economic Advisors, similarly said that the country and concessions that talk in good faith can be “such a date”.
Stator tariff President Donald Trump announced on 2 April that threatened to overhala the global economy and lead the broader trade wars. A week later, after the financial markets nervous, their administration was suspended for 90 days, as if they affected more and more high taxes, as they were effective. Till July 9, the window of the conversation has announced deals only with the United Kingdom and Vietnam.
Trump imposed high tariff rates on dozens of countries, which run meaningful trade surplus with the US, and 10% baseline tax on imports from all countries is called economic emergency. Are different 50% tariff on steel and aluminum And 25% tariff on auto.
Since April, some foreign governments have set new trade conditions with Washington as the Republican President demanded.
Trump told reporters in the early hours of Friday that his administration is sending a letter in early Saturday, if he does not reach any deal, he is spelling his tariff rates, but that the US will not start collecting those taxes by 1 August. On Friday night, he said that he will send 10 or 12 “letters on Monday, each in different quantities, different quantities, different quantities, different quantities, different quantities, different quantities, different quantities, different quantities, different quantities, different quantities, different quantities, in different quantities, different quantities, different quantities, different quantities, different quantities.”
He and his advisors have refused to say which countries will receive letters.
Treasury Secretary Scott Besent dismissed the idea that August 1 was a new deadline and refused to say what could happen on Wednesday.
“We will see,” Bessent said in the Union of CNN’s kingdom. “I’m not going to remove the playbook.”
He said that the US was “close to many deals”, and predicted many big announcements over the next few days. He did not give any details.
“I think we are going to see a lot of deals very soon,” said Besent.
Trump has announced a deal with Vietnam that will allow American goods to enter duty-free in the country, while Vietnamese exports will face 20% levy to the US.
This was a decline from 46% tax on the proposed Vietnamese imports in April-one of his so-called mutual tariffs targets dozens of countries with which the US runs a trade deficit.
Asked if they expect to reach deals European Union Or India, Trump said on Friday that “letters are better for us” because it includes many countries.
“We are coming to India and with Vietnam, we did so, but it is very easy to send a letter, ‘Listen, we know that we have a certain deficit, or in some cases a surplus, but not too much. And not too much. And this is what you have to pay if you want to trade in the United States.”
Canada, however, would not be one of the letters receiving letters, Trump’s ambassador, Pete Hocastra recently resumed after trade talks between the two countries on Friday.
“Canada is one of our biggest trading partners,” Hocastra told CTV News in an interview in Ottawa. “We are going to make a deal that is expressed.”
Canadian Prime Minister Mark Carney has said that he wants a new deal by July 21 or will increase the Canada trade counterers.
Hocastra would not be committed to the date for a business agreement and also said with a deal, Canada can still withstand some tariffs. But “We are not just going to send a letter to Canada,” he said.
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Price was reported from Brijwatter, New Jersey. AP Business Writer Matt O’Brien contributed to the report at Providence, Road Island.
Ellen Nickmeyer and Mitchell L. Price, Associated Press