News list for "trading partner"
The Office of the United States Trade Representative is seeking public comment as soon as this week. Trump allies expect the United States to push trading partners to increase the American content in cars, and Mexico's economy minister warns that negotiations will not be easy. Click to view...
Trump confirmed that a formal tariff notification letter will be issued on Friday, unilaterally setting tariffs ranging from 10% to 70% on trading partners, effective from August 1. Click to view...
U.S. Treasury Secretary Vincent Bescent: Trading partners are working with us in good faith and there has been no change in their attitude in the past 48 hours. Several major agreements are imminent.
As the head of US negotiations with a number of Asian trading partners, Mr. Bessant said more deals could be announced within the 90-day timeout and said Mr. Trump's new threat was a response to the pace of European Union negotiations. Click to view...
According to the Financial Times: Trump told a meeting with business executives in the United Arab Emirates on Friday that the United States will unilaterally set new tariff rates on many trading partners, rather than reach an agreement with all trading partners. Washington will impose new tariffs "in the next two to three weeks".
Bescent pointed out that the Treasury Department is currently moving quickly, hoping to make substantive progress with large trading partners.
Thu Lan Nguyen, an analyst at Commerzbank, said a weaker dollar as a result of Mr. Trump's tariffs could reduce inflation in US trading partners. "If this continues, most central banks will not be caught in a dilemma: weighing economic and inflation risks," she said. This would allow for further interest rate cuts, thus reducing upward pressure on non-dollar currencies against the dollar. For now, the impact of tariffs appears highly unlikely to be reversed, she said.
Bescent's in-depth interpretation of Trump's tariff policy! The duality of the US economy has become the core contradiction, Trump plans to "suck blood" trading partners, the US will redefine its relations with other countries, what role does China and Europe play? Click to view...
President of Mexico: Mexico will seek other trading partners if necessary.
U.S. Commerce Secretary Lutnik: On April 2, trade will reset. We will see trade restructuring and renegotiation with U.S. trading partners under reciprocal tariff action.
