Just a few hours after a delay in the deadline for the introduction of new tariffs, US President Donald Trump does not want to fully commit himself to the liability of this ultimatum.
When asked whether the deadline for August 1, he said in the presence of journalists on Monday evening (local time): “I would say binding, but not 100 percent.” He showed himself open if the trading partners submit a proposal to him.
He also said that the letters sent to a number of countries in which Trump announces different tall tariffs, but also showed a negotiation here. “If you call with another offer and I like it, we’ll do it.”
First of all, asian countries in focus
On Monday, Trump postponed the deadline for new tariffs from Wednesday (July 9) to August 1st. He signed a corresponding decree. China is excluded – there is a separate agreement with the country. He also published more than a dozen letters to several countries.
Initially, the focus was on imports from Asian, especially Southeast Asian countries. As the Republican listed on the Truth Social Platform, tariffs should then be charged for all goods from the countries mentioned:
* Japan: 25 percent
* South Korea: 25 percent
* Malaysia: 25 percent
* Kazakhstan: 25 percent
* South Africa: 30 percent
* Laos: 40 percent
* Myanmar: 40 percent
* Tunisia: 25 percent
* Bosnia and Herzegovina: 30 percent
* Indonesia: 32 percent
* Bangladesh: 35 percent
* Serbia: 35 percent
* Cambodia: 36 percent
* Thailand: 36 percent
South Korea signaled a courtesy in a first reaction. “Regulatory reforms in Germany will continue to reduce the US trade deficit to Korea,” says a statement by the Ministry of Commerce in Seoul. In addition, they want to accelerate negotiations with the USA.
The markets reacted positively to the extension of the customs period: the South Korean leading index Kospi closed on Tuesday with an increase of 1.8 percent.
What exactly the new deadline for the EU means was initially unclear. However, the EU Commission did not expect a letter to arrive in Brussels. Negotiations on a mutually acceptable solution continued, it said. The deadline on Wednesday would also have expired for the European Union. She has been negotiating with the United States in the customs dispute for a long time – the outcome is open.
Spokeswoman: New tariffs or deals
The spokeswoman for the White House, Karoline Leavitt, said, 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.
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.
So far, the EU has relied on a fundamental agreement with the United States. EU Commission President Ursula von der Leyen on Sunday with US President Trump on the phone on the current state of negotiations, said a spokesman in Brussels. 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.
What could a deal between the EU and the USA look like?
According to information from the German Press Agency from EU circles, a possible deal could include that the United States can basically maintain an already introduced new basic customs. However, special rules for individual industries such as the auto industry as well as the pharmaceutical, chemical and steel and aluminum industry would have to be agreed.
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, among other things, that more is being produced in the United States.
Chief of committee: EU and the USA negotiate in the customs dispute over a few pages
In the customs dispute between the United States and the EU, Brussels and Washington are currently negotiating only a few pages, according to the chairman of the trade committee in the European Parliament, Bernd Lange. The intended framework agreement is created as a “relatively limited paper” – the SPD European politician said.
It could be generally stipulated that you can deal with certain import volume of cars, which can then be traded duty -free or for a small duty. Details would then have to be regulated later. For a long time, it also warned that the current “breathing space” had to be used in order to find a comprehensive package solution for all existing and threatened tariffs.
Washington/Brussels (dpa-AfX)