Here Are Trump’s New Tariff Threats
President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.
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President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.
Ahead of the vote on Thursday, Ursula von der Leyen, president of the commission, appeared before the European Parliament to defend herself against complaints about transparency.
President Trump said Japan and South Korea would face tariffs of 25 percent unless they reached an agreement with the United States. Other countries received notice of higher levies.
The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.
A tanker is headed to South Korea with a first shipment of liquefied natural gas from Canada, which hopes to reduce its export reliance on its neighbor.
Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
After President Trump suspended trade talks with Canada over its controversial digital services tax, Ottawa scrapped it to get back to the negotiating table.
President Trump’s administration once promised 90 deals in 90 days. When it comes to the European Union, it may be more of a framework.
Prime Minister Mark Carney will meet his pledge to eliminate the country’s internal trade barriers by July 1. But economists say it’s not a substitute for lost U.S. trade.