Donald Trump Threatens The Tariffs Of 70 % Before The Deadline On July 9 Star-news.press/wp

US President Donald Trump has warned that he would impose a tariff of up to 70 % on imports from many major commercial partners, starting August 1. This comes when it approaches the deadline of the countries to reach trade agreements with the United States. The new definitions will affect a wide range of goods, with rates that vary depending on the country.

Donald Trump’s commercial talks and the date of tariffs

President Donald Trump Fine appointment On July 9 for countries to negotiate new trade conditions with the United States or face a higher tariff. According to Trump, the administration will start sending messages to dozens of countries on Friday, to notify them of the new tariffs. These messages will determine the tariff prices that will be applied from August 1. The new definitions will range from 10 % to 70 %, depending on the country.

The Trump administration had previously carried out a 10 % temporary tariff on imports during the negotiating period that started in April. However, the president explained that the window for more negotiations is now closing.

“They will start paying on August 1,” Trump said. “The money will start coming to the United States on August 1.”

The White House gave countries 90 days to reach the agreements that Trump described as a “last opportunity”. Nevertheless, some countries are still talking, and the deadline remains firm.

Possible effects on global markets

The announcement of the increase in Donald Trump’s tariff in the global markets. As the two countries are ready to implement these definitions, stock markets in Asia and Europe have witnessed a decrease. Economists warn that customs tariffs can add pressure to global inflation, as companies may transport the highest costs of consumers.

Countries that do not end deals by the deadline can face a significant increase in customs tariffs. According to Trump, these countries will be asked to pay higher fees to reach the American market. This shift can affect industries such as technology, manufacturing and agriculture.

Economists have warned that customs tariffs can increase the costs of American consumers. Nevertheless, the Trump administration is determined to use the customs tariff as a lever to extract more convenient commercial conditions.

Countries affected by New Donald Trump’s definitions

Korea, Indonesia, Switzerland and the European Union are some countries in urgent talks with the United States. Donald Trump has yet to disclose the designated countries where the highest customs duties will be imposed, but his recent words towards Japan will be likely to affect each other.

In previous notes, Donald Trump blames countries such as Japan and the European Union for taking advantage of trade agreements with the United States. He also indicated the threat of establishing a 17 % higher tariff for food and agricultural products in the European Union, including Belgian chocolate, Irish butter and Italian olive oil.

Although negotiations are continuing between the United States and the European Union, the US leadership has threatened to start implementing definitions if a deal was not concluded before the deadline on July 9. This threat highlights the aggressive negotiation approach to the United States because it hopes to obtain better trade conditions.