The Trump administration focuses on 18 major partners, which cost 95% of the US trade deficiency.
U.S. finance minister Scott Imorta said the states were close to the conclusion of several trade agreements on the eve of the deadline on July 9, if the rising tariffs were supposed to enter. On Sunday, July 6, Reuters reported.
Immentine noted that US president Donald Trump will also send letters to 100 small countries that are not actively trading Washington, with a message that they will face the rising duties installed on April 2 and then suspended until July 9.
“President Trump will send letters to some of our trading partners, which will say that if you do not move the situation, then on August 1 you will return to the level of duties from April 2. Therefore, I think we will see many transactions very fast,” the immortal mentioned.
At the same time, he denied that on August 1, this is a new term for tariff negotiations.
“We say this happens exactly. If you want to speed up the process, take action. If you want to go back to the old tariff, this is your choice,” the minister added.
Immentine said the Trump administration focuses on 18 important partners, which cost 95% of the US trade deficiency. But he noted that the countries “hesitated” to the end of trade agreements.
He refused to call the nations near the end of a trade agreement, “because he did not want to release them from responsibility.”
Earlier on June 27 it was reported that the United States had signed a trade agreement with China and plans to terminate a similar agreement with India.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.