Japan, Trump and tariff
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As Trump eyes an Aug. 1 deadline for countries to come to trade deals or face the tariffs that he originally announced in April, he has touted the agreements he has made in recent days — while maintaining that it would be difficult to meet with all world leaders.
President Trump has struck a new trade deal with the European Union that will impose a 15% tariff on most goods from the EU, a reduction from previously threatened tariffs had a deal not been reached.
The Trump administration, known for its aggressive pro-crypto policy, already holds the most Bitcoin among all the countries — around 200,000 BTC. However, the administration has dropped no hint of using tariff revenue to acquire more crypto assets to add to its treasury.
7hon MSN
President Donald Trump struck a new trade deal with the European Union on Sunday, allowing the EU to avoid a 30% tariff rate that was scheduled to begin on Aug. 1. Trump met with European Commission President Ursula von der Leyen over the weekend and discussed the new trade deal,
That statement came some 12 hours after Trump announced an agreement Sunday with the European Union that would see a 15% tax paid on products brought into the United States from the bloc. The E.U. also agreed to spend $750 billion on energy purchases from the U.S., while investing an additional $600 billion here.
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Benzinga on MSNJapan Auto Tariff Cut Fails To Ease China PressureJapanese automakers gained some relief after Trump announced a drop in U.S. import tariffs from 25% to 15% on Japan-made vehicles. But analysts say the move offers little comfort as the industry grapples with long-term structural problems and China’s aggressive rise.
The Washington Examiner's Byron York also said the biggest deal President Donald Trump could achieve is with China.
Trump’s statement comes a day after he announced a trade deal with the EU, which would see a 15 per cent tariff imposed on most European goods being exported to the U.S.
President Trump plans to impose a 'world tariff' of 15% to 20% on exports from most U.S. trading partners not engaged in separate trade deals. The announcement follows recent agreements with the EU and Japan,
On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.