Actually, new tariffs should come into force on Wednesday. Now US President Trump extends the deadline until August 1st. The EU countries and other countries can take a deep breath for the time being.
US President Donald Trump plans to postpone the deadline of the tariffs that were previously targeted for this Wednesday. He will still sign a corresponding decree today, said his spokeswoman Karoline Leavitt.
Imports should now be off the table until then – however, many details are still open, including how the EU and the USA want to trade in the future. Because the deadline on Wednesday would also have expired for the European Union.
The EU relies on a fundamental agreement. EU Commission President Ursula von der Leyen has called Trump, according to a spokesman. One was at the “beginning of the final phase”, it said on Monday afternoon. The speaker did not want to provide any details about the details of the conversation.
The Press spokeswoman of the White House, Karoline Leavitt, shows a customs letter from US President Donald Trump to Japanese Prime Minister Shigeru Ishiba.
Customs for several countries
However, twelve states should receive customs letters within a month that would be published on Trump’s short message service Truth Social. The first letters have already been published. Japan, South Korea, Malaysia, Kazakhstan (with 25 percent), South Africa (30 percent), Laos and Myanmar (40 percent) are affected, among others.
The spokeswoman for the White House said that mutual tariffs or the new tariffs listed in the letters will come into force – “or agreements are made”. These countries will continue to negotiate with the United States. Many positive developments have been seen in the right direction.
Warning of retaliation measures
In the letters to South Korea and Japan, both countries were warned not to take retribution measures by increasing their own import duties – otherwise the Trump government would also increase their tariffs. “If you decide for some reason to increase your tariffs”, this increase will be opened to the 25 percent that the United States demands anyway, Trump wrote on his online platform Truth Social.
Trump wants US trade deficit fight
In April, Trump introduced a base customover of ten percent to almost all imports from the EU. In addition, special tariffs apply to certain products, such as steel and aluminum and auto imports. With his customs policy, Trump wants to achieve more in the USA.
US Finance Minister Scott Bessent said in the CNN broadcaster that he quickly expected many deals due to the letters. He also spoke of around 100 letters to small countries with which the United States does not trade a lot. “The countries receive a letter that says: If we have not reached an agreement, you fall back to the level of April 2.” That day Trump announced his far -reaching customs package.
