The President Donald Trump spent the week talking about trade. But the most difficult could be to come. Although it is optimistic about reaching agreements with Europe, China and others, so far there was nothing more than that: positive comments, but nothing signed.
From Scope We made a quick guide to the Trump administration’s business negotiations with several countries around tariffs and commerce, facing a week loaded with negotiations and signs of possible agreements.
It should be remembered that this Thursday the American president suggested that the end of the reciprocal tariffs to China could be close, and that an agreement on the future of the social media platform Tiktok Maybe I have to wait.
“I don’t want them to go up because, at a certain point, people stop buying”Trump told journalists at the White House, referring to tariffs.“So you may not want to upload anymoreor not even reach that level. Maybe you want to download them, because One wants people to buy, and arrive a point, people are not going to buy”
This is the country’s negotiations by country
China
With tariffs of three mutual figures, the United States and China are, perhaps, the main protagonists of the commercial focus. The road to negotiations does not seem easy, but Trump said an agreement could be realized before expected.
“I think in the next three or four weeks, maybe all this could be resolved,” he told reporters. He also pointed out that, if an agreement is not reached, the US would establish a tariff limit. He did not give details about the figure, although the tariffs he has proposed for a second mandate would reach an amazing 145%.
European Union
The visit of the Italian Prime Minister Giorgia Meloni to the White House this week motivated that both Trump and the Italian leader talk about an agreement with Europe, although Meloni does not directly represent the 27 members of the European Union.
“There will be a commercial agreement, 100%,” Trump said. “They want one and with great desire, and we are going to achieve it, I look forward to it, but it will be a fair agreement.” Meloni said he is “sure that an agreement can be made” and that his visit to Trump aimed at helping to happen.
Europe is subject to 10%tariffs, Trump’s base rate after a 90 -day pause was declared to the highest tariffs. The European Union has decided to postpone the application of retaliation measures on US products until July 14, to give margin to negotiations.
South Korea
South Korea seems to be the following on the list to start commercial conversations with the Trump administration. The secretary of the Treasury, Scott Besent, and his counterpart, Choi Sang-Mok, will meet next week at Besent’s initiative, according to Korea’s Ministry of Finance.
The meeting is scheduled during the spring meetings of the International Monetary Fund and the World Bank, in which senior financial officials of dozens of countries will be in Washington.
Japan
The conversations with Japan seem to be ready to resume after this week Batsent said that the discussions are in a “highly satisfactory address.”
“We hope to have more positive conversations with our friends from Japan soon,” he said in an X. Japan is also subject to the 10% tariff and is under pressure as one of the main car manufacturers, since Trump has imposed 25% tariffs on the cars made abroad. On Monday, Trump said he was considering exemptions for automakers, to give them time to transfer their production to the US.
Japanese prime minister, Shigeru Ihiba, said Thursday that future negotiations would be “challenging”, but considered that this week’s conversations laid the foundations for what is coming. He also commented that he was evaluating to meet Trump in person.
Trump himself joined the negotiations with Japanese officials on Wednesday and then published that “great progress” had been achieved.
Mexico
Trump and the president of Mexico, Claudia Sheinbaum, spoke on Wednesday and both described the conversation as “very productive.” “We will continue to dialogue to achieve good agreements that benefit our countries and our peoples,” Sheinbaum wrote in X.
Trump imposed 25% tariffs on products from Mexico and Canada, although he then suspended those levies on the products that are covered by the commercial agreement between the three countries. Even so, many goods do not comply with the provisions of the agreement between the US, Mexico and Canada, and therefore continue subject to tariffs.
Source: Ambito
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