Asger Risom
U.S. pushes global partners toward deals with higher duties looming.
U.S. pushes global partners toward deals with higher duties looming.
U.S. Close to Major Trade Pacts
President Trump says several trade deals are nearly finalized as the U.S. prepares to notify countries of higher tariffs set to take effect on August 1.
Tariff Letters Coming Monday
Trump announced that formal tariff notifications will go out Monday at noon. The move comes after months of global uncertainty over U.S. trade policy.
BRICS Hit with Extra 10% Tariff
In a new twist, Trump imposed an additional 10% tariff on countries aligning with BRICS. The move targets nations backing what he called “Anti-American policies.”
Bessent: “Deals Coming Fast”
Treasury Secretary Scott Bessent said the administration expects multiple agreements in the coming days. He warned that nations dragging their feet face tariff hikes.
EU and India Talks Make Progress
Talks with the European Union and India are reportedly nearing completion. Indian media say a mini trade deal could be signed within 48 hours.
“Wiggle Room” for Active Negotiators
White House economic adviser Kevin Hassett hinted that countries actively negotiating might avoid the August 1 deadline, depending on progress.
Thailand Offers More Access
Thailand is now offering the U.S. greater access to its markets to avoid a steep 36% tariff, including more American farm goods and energy imports.
Vietnam Deal Sets a Template
A recent deal with Vietnam is seen as a model: the U.S. keeps tariffs on Vietnamese goods, while Vietnam lowers its barriers to American exports.
Trump’s Strategy: Pressure for Production
The administration says higher tariffs are meant to drive manufacturing back to the U.S. Hassett claims the pressure is already working.
