Below is the commercial deals made by Trump before the customs tariff on August 1
After months of delay, the long -awaited global tariffs are scheduled to enter President Trump this week.
On April 2, Trump announced the “mutual” definitions of dozens of other countries, using the trade deficit to help calculate the tariff rate. But after a week, these prices were reduced to 10 percent for three months as the market reaction was negative, allowing the countries to negotiate.
As the 90 -day window approaches its end earlier this month, Trump sent messages to countries informing them of the new “mutual” rate that will get August 1.
The White House was able to secure some important commercial deals as it was first announced in the spring.
Trump announced on Sunday a commercial agreement with the European Union, as it set 15 percent customs tariffs for European goods, including cars – less than 30 percent that Trump threatened to impose on the European Union next month.
The European Union will buy a capacity of $ 750 billion from the United States as part of the deal, as Trump announced, and agreed to invest in $ 600 billion more than the current investments of other commodities.
Trump similarly reached a deal last week with Japan, where he set a 15 percent tariff on Japanese goods – less than Trump’s tariff by 25 percent for its imposition. Also in this deal, Trump said that Japan will invest $ 550 billion in projects in the United States and will open its markets to American cars, rice and other agricultural products.
The Philippines agreed to a trade agreement with the United States, which would reduce US definitions of its exports to 20 percent to 19 percent, Trump announced last week. Trump had originally set a 17 percent duty on imports from the Philippines in April before warning this number to 20 percent last month.
An agreement with Indonesia will also determine a 19 percent tariff rate on its imports.
Trump announced an agreement with the United Kingdom in early May, while it is considered the first major deal that has been concluded since the president announced his full definitions in April. This agreement determined the tariff rate at 10 percent, a decrease from 25 percent.
The United Kingdom is allowed to export 100,000 cars to the United States with a 10 percent tariff rate, unlike the 25 % average declared on March 26, which represents a victory over the British auto industry. Trump and British Prime Minister Kiir Starmer are expected to talk about the implementation of this deal when they meet on Monday in Scotland.
In late May, the United States and China announced the limits of a deal to avoid a trade war between the two countries temporarily. The United States reduced the customs tariff rate from 145 percent to 30 percent, and China reduced its rate from 125 percent to 10 percent.
Treasury Secretary Scott Beesen and Chinese Deputy Prime Minister will hold talks on Monday for the third time this year, as Associated Press reported that China is expected to pressure the United States to remove its tariff by 20 percent related to Fintanel. Both countries have 10 percent of the basic tariff in the place.
The White House sent dozens of messages this month to inform the two countries of what they should expect to be the customs tariff rate, comes on August 1.
Trump insisted that he would not expand the definition date, but Trade Minister Howard Lootnick said on Sunday that the president would be open to continuous discussions even after the customs tariff was located.
For countries that have not yet included a deal with the United States, here are the effective tariff prices on August 1:
- Canada: 35 percent
- Mexico:30 percent
- South Korea: 25 percent
- South Africa: 30 percent
- Kazakhstan: 25 percent
- Loser: 40 percent
- Malaysia: 25 percent
- Myanmar: 40 percent
- Tunisia: 25 percent
- Bosnia and Herzegovina: 30 percent
- Bangladesh: 35 percent
- Serbia: 35 percent
- Cambodia: 36 percent
- Thailand: 36 percent
- Libya: 30 percent
- Iraq: 30 percent
- Algeria: 30 percent
- Moldova: 25 percent
- Brunei: 25 percent
- Sri Lanka: 30 percent
- Brazil: 50 percent
