Trump considering ‘world tariff’ of 15-20 per cent
US President Donald Trump, most of the trade partners who do not negotiate separate trade agreements, the US exports to the United States with 15 to 20 percent tariffs, in April, the 10 percent of 10 percent, he said.
Trump said to journalists, the management of the new “World Tariff” rate will soon inform about 200 countries, he said.
“I can say that this will be in the range of 15 to 20 percent, Tr Trump said, sitting in the luxury golf town of British Prime Minister Keir Starmer in Scotland’s Luxury Golf in Turnberry.
“Probably one of these two numbers.”
Trump, who promised to end the US trade deficits by applying tariffs to almost all trade partners, announced starting on Friday up to 50 percent higher rates in some countries, including Brazil.
The announcements encouraged fiery negotiations of a number of countries looking for lower tariff rates, including India, Pakistan, Canada and Thailand.
On Sunday, the US President made a large trade agreement with the European Union and most of the EU goods, an investment of USD $ 600 billion ($ 920 billion) by European companies, and a large trade agreement with 750 billion dollars of energy purchases for the next three years.
This was followed by a $ 550 billion agreement with Japan last week and smaller agreements with the United Kingdom, Indonesia and Vietnam.
Other negotiations, including India, are continuing, but expectations for more agreements before Friday have decreased – Trump’s last date for agreements before entering into force.
Trump has repeatedly said that he supports simple tariff rates compared to complex negotiations.
Again on Monday, he said, “We will set up a tariff for the rest of the world,” he said.
“And that’s what they will pay if they want to do business in the United States. Because you can’t sit down and make 200 agreements.”
Canadian Prime Minister Mark Carney said that the trade talks with the United States on Monday is at an intensive stage and hoped to get away with a tariff rate of below 35 percent described by Trump about some Canadian imports of his country.
This month, Carney admitted that Canada, who sent 75 percent of his exports to the United States, must probably accept some tariffs.
The US and Chinese economic officials met for more than five hours of negotiations at Stockholm on Monday, aiming to solve long -term economic disputes and extend a ceasefire on tariffs for three months.
US Treasury Chief Scott Bessent was part of the negotiation team coming to Swedish Prime Minister Rosenbad in Stockholm in the afternoon.
China’s vice president LiFeng was also seen in the venue.
China, two governments in May and June, for the taste of the last weeks of cutting the rare and rare soil minerals after the end of the last weeks of Trump’s management of a durable tariff agreement is faced with the deadline.
On both sides, the negotiators were seen to leave the office at 20.00 and did not stop talking to journalists.
Discussions are expected to continue on Tuesday.
Trump negotiated at a comprehensive press conference with British Prime Minister Keir Starmer in Scotland.
Im I would like to see China opened their countries, Tr Trump said.
Without an agreement, global supply chains may encounter the renewed turmoil from US duties that have returned to three -digit levels that will mean the bilateral trade embargo.
Trade analysts, in mid -May, a 90 -day tariff and export control ceasefire between China and the United States, he said.
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