 "Trump moved to Teroph, Japan-South Korea 25% of Tariff, 40% of Tearf, India on Myanmar, India")
The US President Donald Trump announced to increase tariffs at 14 countries including Bangladesh and Japan on Monday. Trump administration informally referred to the decision by sending a letter to all affected countries on Monday. Under this decision, 25% have been taxed on some countries, while heavy duties have been placed on some of 30% to 40%. Trump had earlier sent letters to South Korea and Japan leaders and said that 25% duty would be installed on the items coming from their country.
He wrote that these taxes are required so that trade imbalanced between the United States and these countries could be fixed. These tariffs will be in effect from August 1. In addition, Trump announced to set the global tariff from 1st August. Earlier, Trump was going to announce it on 9 July. In April, Trump talked about 10% baseline tax on all American imports and setting up a separate taxline at 60 countries. After that announcement, the streets around the world went to the top of the world, so he defer to the tariffs for a while and gave the lands a chance to deal with the United States. At first they were given time until July 8, the new tariffs from July 9. Now this time limit has been increased to August 1.
Business agreement with India, European Union
The New York Times quoted the US officials said Trump may announce the trade agreement in many countries this week. Trade agreement between India and the United States is very close. The EU is also close to compromise with the United States. In addition, other countries like Pakistan, Taiwan and Switzerland are watching the way to compromise the United States.
The United States compromised the initial trade agreement with 2 countries
So far, the US has only done two initial deals with Britain and Vietnam. However, these agreements have not been publicized. In Vietnam bargain, any party has not made it clear to whom it is agreed. According to some reports, the United States has applied 10% tariff on Britain. In addition, the US will put a different tariff on steel and aluminum. Britain will plant 0% tariff on American equipment. The United States has applied 20% tariff at Vietnam. This means Vietnamese equipment will be sold at the US at 20% over the cost. Vietnam has imposed 0% tariff on American goods.
No business agreement with Japan and South Korea
Japan and South Korea are close associates of America, but the United States could not reach the business agreement with them. This is because the elections are going to be held in both the countries. Trump is also talking about the most important products of these two countries such as cars, steel and electronics.
Trump said – US is close to the bargain with India. Trump also spoke the Israeli Prime Minister Benjamin in the White House, the Israeli Prime Minister Benjamin, also talked to reporters. Meanwhile, he said, the United States has set an agreement with Britain and China. Now it is also near the business agreement with India. President Trump then claimed that his government had stopped a great war between India and Pakistan. “We had told two countries,” We would not have a business relationship with you if you kept fighting among each other. They probably were at the level of nuclear wars. It was very important to stop it. ‘