Trump trade war with countries not over yet
According to the International Economics section of Webangah News Agency, citing Tasnim News Agency and CNN, Donald Trump, the U.S. President, warned that his trade war is not yet over and a new wave of tariffs will soon be imposed.
At the end of his Middle East trip on Friday, he stated that trade negotiations with countries are progressing very slowly, and the U.S. cannot together engage with all nations willing to reach trade agreements.
Trump warned that he would give countries only a few more weeks before Scott Bassett, the Treasury Secretary, and Howard Latnik, the Commerce Secretary, announce new tariffs to America’s trading partners.
During an economic roundtable in Abu dhabi, Trump said: “Right now, 150 countries want to make deals with us, but we can’t meet with all of them. So in the next week or two, Scott and Howard will send letters telling countries how much thay must pay to trade with America—though we’ll be very fair.”
On April 9, Trump decided to suspend heavy tariffs—previously announced on April 2—for 90 days. This was done to allow countries seeking U.S. trade deals time to negotiate.According to his administration officials, around 100 nations have expressed readiness for talks, putting immense pressure on America’s trade negotiation team to secure agreements within this short period.
If no agreement is reached, Trump may impose reciprocal tariffs—some as high as 50%. However, these tariffs are not entirely reciprocal in practice; nations with severely negative trade balances with the U.S.will bear a heavier burden.
“Some may say they can protest,” Trump added,” but reality is we can’t meet this many countries.We’ll tryto befair.”
Hehad previously floatedthe ideaof unilateral tariff determination.OnApril23,in White House Oval Office ,he statedthatcountries failingto actwithin comingweekswould faceU .S .government -imposed”tariffs.”
Perthisreport ,trump administrationhas so farannouncedtwo new frameworksfortrade negotiationsleadingtotariff reductionsorloweredtrade barriers :firstwithBritain(earlythis month)andsecondwithChina(finalizedbyBassentandU .S .trade RepresentativeJamison greeringeneva).
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