Bangkok (AP) – US President Donald Trump’s new Tariff rates Permission of up to 41% of US imports from dozens of countries on Friday expressed relief from some countries who talked about a deal or managed to reduce them from the rates declared in April. Others expressed disappointment or disappoint Striking deal With America’s business partners.
The new rates are due to effective on August 7, but Trump can do uncertainty on what the next remains can do. Further route for China, which runs the largest trade surplus with the US, is not clear after the conversation earlier this week in Stockholm. No deal happenedTrump has not yet said whether he will expand 1 August on the duties of high imports from pain on Chinese products.
Reaction from financial markets Was muted. The benchmark collapsed in Asia, settling to 15% with a decline of about 4% after the tariff rate for the US ally with South Korea’s Kopy. The US dollar weakened against the Japanese Yen, trading over 150 yen per dollar.
For Canada and Switzerland, regret and disappointment
Canadian Prime Minister Mark Carney said that his government was disappointed Trump’s step To increase American tariff on goods from America Northern neighbor 25% to 35%, effective Friday. 40% of the goods transmitted from other countries unlikely faces import duty.
Trump quoted that what he said was a lack of cooperation in smuggling in illegal drugs along the northern border. He also slammed Canada’s plan to recognize the state of Palestinian and expressed disappointment with a large -scale fuel from the purchase of American oil.
“Canada has only 1% of American Phantanile imports and is working deeply to reduce these versions,” Carney said in a statement.
Many Canadian exports in the US have been covered by the US-Maxico-Canada Agreement and there is no tariff. But steel, lumber, aluminum and autos have still been subject to high tariffs.
Switzerland was running again after Trump re -running after Trump ordered a 39% tariff rate for land of luxury watches, pharmaceuticals and financial services. It was 31% of its original proposal of duty.
The government intended to impose unilateral additional tariffs on imports from Switzerland, stating, “The Federal Council said very regrettable that, despite the progress in bilateral talks and Switzerland’s very creative trend, the US has intended to impose unilateral additional tariffs on imports from Switzerland.”
still working on it
New Zealand officials said that on Friday they would be advocating Trump to cut 15% tariffs declared for their country’s exports from the original 10% baseline set in April.
“We don’t think it’s a good thing. We don’t think it’s a warrant,” Business Minister Tod McClay told Radio New Zealand. According to US trade representative data, exporters of meat, dairy, wine and farm machinery run a $ 1.1 billion trade surplus with the US in 2024.
McClay said that New Zealand exporters had reported that they could absorb 10% tariffs or pass American consumers through increased costs. Another growth would “change the equation,” he said.
Neither New Zealand nor its neighbor Australia have killed tariff deals with the Trump administration. Australian steel and aluminum exports have faced 50% tariff since June.
Australian Business Minister Don Paarel said that 10% on overall tariff Australia export The United States was a sign of his government’s “quiet and quiet talks”. But he said that this level was also not appropriate. The US doubles Australia double that it imports from its bilateral free trade partner, and Australia does not impose any tariff on American exports.
Objecting the 15% tariff rate, Norwegian Prime Minister Jonas Gahar Stre told the newspaper VG that the Scandinavian country should have a “zero tariff”. He said that the conversation was going on.
Japan sees, while Taiwan keeps trying for a deal
Japanese Chief Cabinet Secretary Yoshimasa Hayashi was careful in welcoming the executive order of Trump Worked on an agreementA lot for the relief of Tokyo.
“We believe that it is necessary to carefully examine the details of the remedy,” Hayashi said. “The Japanese government will urge the American side to immediately implement measures to make recent agreement, including reducing tariffs on automobiles and auto parts.”
Taiwan’s President Lai Ching-Te said that the voluntary island had so far attached to the US side to engage in the final talks due to difficulties and hoped that the final tariff rate would be reduced even more after the final round negotiations.
The Trump administration reduced its tariff to Taiwan originally from 32% to 20%. Taiwan is a major supplier of advanced semiconductors required for many products and technologies.
“20% from the beginning has not been our goal, we hope that in further conversation we will get more beneficial and more appropriate tax rates,” Lai asked reporters in Taipei on Friday.
America is the biggest ally in Taiwan, even though it does not formally recognize the island. “We want to strengthen Taiwan cooperation in national security, technology and many fields,” Lai said.
For some trading partners, the relief is that the tariffs may decrease
Cambodia Deputy Prime Minister Sun Chenthol, who led his country’s business talks with the United States, thanked Trump for setting a tariff rate at 19% on Cambodian goods and said that his country would impose zero tariffs on American goods.
Trump had the proposed Cambodia rate in April at 49%, one of the most in the world. He said that the US has estimated the average Cambodian tariff on US exports.
Cambodia has agreed to purchase American goods. Sun said that it would buy 10 passenger aircraft from Boeing, which expects to sign later this month. Many other countries had already announced a similar aircraft purchase deals as part of their trade package.
Trump threatened to withdraw trade deals from Cambodia and Thailand if they did not end an armed conflict in the border region. Both nations agreed Ceasefire Which started on Tuesday.
Thailand is also under a 19% tariff, a rate that his Finance Minister Pichai Chunhajira said, “reflects strong friendship and close partnership between Thailand and the United States.” It was earlier below the proposed 36%.
He said, “The result of this conversation indicates that Thailand should accelerate its adaptation and move forward in building a stable and flexible economy, which is ready to face global challenges,” he said.
Pakistan welcomed a trade deal, determining 19% of the duties on its exports, lower than the initial plan for 29%, in a government statement, saying that it was a “balanced and forward -looking approach” that could promote trade and economic growth.
For Bangladesh, a new 20% tariff stopped the first threat of import duty for South Asian exporters of clothing and other light -manufactured goods. Khalilur Rahman, the national security advisor and major negotiator of the country, said, “This is good news for our apparel field and millions of people dependent on it.”
Rahman said, “We have also preserved our global competition and have opened new opportunities to reach the world’s largest consumer market.” “Protecting our garment industry was a top priority, but we also focus on our purchase commitments on American agricultural products. It supports our food security goals and promotes goodwill with American Agricultural States.”
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AP journalists from all over the world contributed to this report.
Ellen Curtainback, Associated Press
