President Donald Trump said his administration will notify countries by 9 July of new U.S. tariff rates, as trade talks with key partners enter their final days ahead of a 1 August implementation deadline.
Despite promising to finalise 90 trade deals in 90 days, Trump has so far concluded only a limited agreement with the UK and a preliminary deal with Vietnam. Talks with other major trading partners remain unresolved, though The White House says progress is being made.
European Union
Talks with the 27-member European Union have yet to reach a breakthrough. A proposed 17% U.S. tariff on agricultural exports remains a major sticking point, alongside EU demands for exemptions on pharmaceuticals, semiconductors, and auto parts. Brussels has signalled willingness to accept a universal 10% tariff if sector-specific duties are lifted and existing tariffs on steel and autos are reduced.
Japan
Japan continues discussions amid U.S. pressure to import more rice and oil. Commerce Secretary Howard Lutnick and Japan’s Ryosei Akazawa held talks last week, but Trump said Japan could still receive a tariff notice, with rates possibly reaching 35%.
India
A long-promised trade deal remains elusive. India faces 26% U.S. tariffs and is resisting calls to open its agriculture and dairy markets. On Friday, New Delhi filed a complaint at the World Trade Organization (WTO) over a separate 25% tariff on auto parts, affecting $2.89 billion in exports.
Indonesia
Indonesia has offered to cut duties and import $500 million in U.S. wheat to avert a 32% tariff. Jakarta has also eased import licensing rules and plans a $34 billion aircraft and investment deal with U.S. firms this week.
South Korea
Despite low tariffs under an existing free-trade agreement, South Korea seeks a deadline extension. Its national security adviser is in Washington for talks, which also cover foreign exchange policy and defence cost-sharing for U.S. troops stationed on the peninsula.
Thailand
Bangkok is offering to increase U.S. imports of energy and aircraft to avoid a 36% tariff. Proposed concessions include market access for U.S. corn and industrial goods, as well as Thai investment projects aimed at creating American jobs.
Switzerland
Facing a possible 31% tariff, Switzerland is offering greater access for U.S. seafood and citrus while seeking assurances on pharmaceuticals, with major Swiss firms like Roche and Novartis heavily invested in the U.S.
Trump has said formal tariff notifications will be issued by 9 July, with rates taking effect on 1 August unless new deals are struck.
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain inc...
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ...
Americans will soon be able to access and share their medical records through a new “digital health tech ecosystem”, unveiled by U.S. President Do...
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for...
Egypt's military dropped humanitarian aid by parachute over parts of Gaza on 30 July, targeting areas unreachable by road as famine warnings intensify...
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ahead of the 1 August deadline.
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for fiscal 2025, as its AI-powered cloud services continue to accelerate revenue and market value.
Egypt's military dropped humanitarian aid by parachute over parts of Gaza on 30 July, targeting areas unreachable by road as famine warnings intensify.
The United States and Israel have criticised Canada’s announcement that it will recognise the State of Palestine at the UN General Assembly in September, warning the move rewards Hamas and undermines peace efforts.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain incomplete or lacking firm commitments.
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ahead of the 1 August deadline.
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for fiscal 2025, as its AI-powered cloud services continue to accelerate revenue and market value.
Egypt's military dropped humanitarian aid by parachute over parts of Gaza on 30 July, targeting areas unreachable by road as famine warnings intensify.
The United States and Israel have criticised Canada’s announcement that it will recognise the State of Palestine at the UN General Assembly in September, warning the move rewards Hamas and undermines peace efforts.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment