Trading Partners Scramble To Reach Deals With U.S. Ahead Of Trump’s Looming Deadline For New Tariffs

WASHINGTON (AP) – With the dramatic tariff walks on the initial summit of President Donald Trump, countries around the world tried to complete trade frameworks with the United States on Thursday, understood the tax rates of their goods and prepared for unknowns.

Trump shortly before the last date for tariffs, Trump said he would enter a 90 -day negotiation period with Mexico, one of the largest trade partners of the current country. 25 % Tariff Rates To stay in place from 30% of it threatened before.

Mexican leader Claudia Sheinbaum, Together with Trump, called “very successful ,, after a call to X,” We avoided the increase in the tariff declared for tomorrow, and there are 90 today to make a long -term agreement through dialogue. “

White House Press Secretary Karoline Leavitt, Thursday’s news briefing Trump’ın Trump’nın “This afternoon or this evening at some point” EDT will sign new rates on Friday at 12: 01, he said. He said that countries that have not received a letter from Trump before or negotiated a framework will be informed about possible tariff rates by letter or executive order.

Unknowns created a sense of drama that describes the introduction of the tariff for several months, a consistency, the desire of most economists to collect import taxes that most economists say that they will ultimately be covered by US consumers and businesses.

“Today, we have made a few agreements with excellent opportunities for the country,” he said to journalists in the afternoon of Thursday.

In April, Trump implemented his deadline on Friday after the previous “Independence Day” tariffs resulted in a stock market panic. In April, unusual high tariff rates led to fears of stagnation, implemented a 90 -day negotiation period of Trump. When he could not make enough trade agreements with other countries, he expanded his timeline and sent letters to world leaders with only a number of hasty agreements that list the rates and provide a series of hasty agreements.

Trump reached an agreement South Korea On Wednesday and previously with the European Union, Japan, Indonesia and the Philippines. Trade Secretary Howard Lutnick said that there were agreements after FOX News Channel agreed to accept cease -fire on border conflicts with Cambodia and Thailand at Fox News Channel.

Among the uncertainty about trade status was rich Switzerland and Norway.

Norwegian Finance Minister Jens Stoltenberg said that Trump would be “completely uncertain” whether an agreement would be completed before the deadline.

However, even the public announcement of an agreement may provide inadequate assurance for an American trade partner.

EU officials are waiting to complete an important document stating how cars and other goods imported from the 27 -member state block will work. Trump announced an agreement on Sunday when he was in Scotland.

EU Commission spokesman Olof Gill said, “The US has made these commitments. Now it is up to the United States to apply them. The ball is in their court,” he said. The document is not legally binding.

As a part of the agreement with Mexico, Trump said that the goods imported to the US will continue to face a 25% tariff in which the goods imported are apparently linked to smuggling fentanyl. Minister, 25% of cars will encounter, copper, aluminum and steel negotiation period will be taxed at 50%, he said.

Mexico said that he would end “non -tariff trade barriers, but did not give details.

Some goods continue to be protected Tariffs 2020 US-Mexico-Canada agreement or USMCATrump negotiated in the first period.

However, Trump seemed to be based on this agreement, which was ready for negotiation next year. As president, one of his first important moves was to make a tariff from Mexico and Canada earlier this year.

The US census bureau figures show that the US made a trade imbalance of $ 171.5 billion with Mexico last year. This means that the US has received more goods than Mexico sold to the country.

The imbalance with Mexico grew up in 2016 that Trump’s first task was only 63.3 billion dollars in 2016 a year before Trump’s first task.

Trump, as well as addressing Fentanyl smuggling, aimed to close the trade gap.

Associated Press writers Lorne Cook in Brussels and Jamey Keaten in Geneva contributed to this report.