Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.
Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.
President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.
The tariffs on some of America’s closest allies would go into effect Aug. 1, unless the countries reach some kind of trade agreement with the United States.
The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.
But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.
But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.
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The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
Among the most expensive pieces of legislation in years, the Republican legislation could reshape the country’s finances for a generation.
With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.