The US president confirmed that he will issue “10 or 12” letters immediately to notify the nations in question.
He US President Donald Trump He warned about duty up to 70% from August for countries that do not negotiate new commercial agreements before July 9, and confirmed that it will issue “10 or 12” letters immediately to notify the nations in question.
Thus, the next Friday The American president is expected to communicate the New tariff regime that will enter into force as of August 1, after it will ensure that “on July 9 (of July) will be fully covered” the commercial agreements.
Currently, within the framework of the “America First” agenda, the American nation is finalizing conversations with South Korea, Indonesia, Swiss and the European Union (EU). “Its value will range between 60 or 70% tariffs and 10% or 20%,” he slid in reference to the scale of the new levies.
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The conversations for a tariff reduction are in critical phase, after the White House announced for the first time the increase of reciprocal tariffs on April 2, of which it delayed its full application for 90 days to give rise to commercial conversations.
The average tariff on US imports will increase to 20%
For its part, Bloomberg Economics estimates that in the event that all the rates are applied from next week, the average tariff on American imports would increase around 20%assuming a strong increase compared to the average prior to the Trump administration, 3%.
In turn, this increase would mean a significant escalation against the initial framework presented in April, in which the proposed tariffs ranged between 10% and 50%. Trump said the measures will generate income from next month. “Countries would begin paying on August 1. Money will begin to enter the US on August 1”he pointed out.
Source: Ambito
