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5 hours ago
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Source: AFP
President Donald Trump said Tuesday that helium would not widen an August 1 deadline for higher US tariffs to instrumentality effect connected dozens of economies, a time aft helium appeared to awesome flexibility connected the date.
While Trump imposed a sweeping 10 percent tariff connected goods from astir each trading partners successful April, higher rates customized to dozens of economies were unveiled, past halted until July 9.
But the president this week again delayed their reimposition, pushing it backmost to August 1.
Trump insisted that determination would beryllium nary further hold successful the tariffs. "There volition beryllium nary change," helium posted connected Truth Social.
He added that levies would commencement being paid connected August 1, successful enactment with letters present being sent retired to trading partners.
"No extensions volition beryllium granted," Trump said.
On Monday night, Trump had told reporters astatine a meal that the August 1 deadline was "firm, but not 100 percent firm."
Pressed connected whether the letters were his last offer, Trump replied: "I would accidental last -- but if they telephone with a antithetic offer, and I similar it, past we'll bash it."
In a propulsion for further commercialized deals, Trump sent letters to much than a twelve partners connected Monday, including cardinal US allies Japan and South Korea.
Products from some countries would beryllium deed with 25 percent duties, Trump wrote successful near-identical letters to leaders successful Tokyo and Seoul.
Indonesia, Bangladesh, Thailand, South Africa and Malaysia were among different countries facing duties ranging from 25 percent to 40 percent.
In his messages to overseas leaders, Trump warned of further escalation if determination was retaliation against his levies.
Most countries receiving the letters truthful acold saw US tariffs astatine akin oregon unchanged rates from those threatened successful April, though immoderate similar Laos and Cambodia saw notably little levels.
The Trump medication is nether unit to amusement results aft promising a flurry of deals pursuing the US president's tariff threats.
So acold Washington has lone struck 2 pacts, with Britain and Vietnam, too an statement to dial backmost staggeringly precocious tit-for-tat levies with China.
In threatening tariff hikes connected assorted economies, Trump cited successful his letters a deficiency of reciprocity successful trading ties.
He besides warned that goods transshipped to debar higher duties would beryllium subjected to steeper levels.
But helium added that if countries were consenting to set their commercialized policies, Washington "will, perhaps, see an accommodation to this letter."
He said successful the letters that tariffs could beryllium modified "upward oregon downward, depending connected our narration with your Country."
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Source: AFP
