US President Donald Trump is on the Tentarock for the July 9 deadline for US President Donald Trump to reach dozens of trade deals or to deal with large rates.
The deadline for Wednesday came on Wednesday after Trump sent a 90 -day pause to his highest rates at his highest rates after the 90 -day “Liberation Day” schemes were sent to the market.
Millions of dollars are in danger in the global trade, American trade partner Trump’s next movements are negotiating deals to prevent loss of economy due to continuous uncertainty over the movements.
What will happen when the deadline ends?
The Trump administration has indicated that trade partners, who have failed to reach the United States, will have to face higher rates, but which countries will be hit and how difficult questions are.
On Sunday, Trump said that this week, he started sending a letter to certain countries, and suggested that he had sealed many new trade deals.
Trump told reporters that we would send a letter till Wednesday or conclude the “for most countries” agreement.
In an interview to CNN on Sunday, the US Treasury Secretary Scott Besent said that countries in which there are no contracts would have to face higher rates from August 1.
Besent disputed the deadline for the deadline and said that the rates for the affected countries would return to the level at the level announced on April 2 at the level that the rates would return.
On Friday, however, Trump suggested that the rates could increase by 70 percent, which would be higher than the maximum rate of 50 percent mentioned in its “Liberation Day” plan.
In addition to this uncertainty, Trump on Sunday threatened to impose an additional 10 per cent rate on BRIC’s “anti -American policy”, Brazil, Russia, India, China and South Africa, a “anti -American policy”.
“This policy will not be an exception. Thank you for your attention in this case!” Trump said in a post on his truth social platform.
“It is difficult to guess what will happen if the White House gets contradictory information from the White House.
“Due to the lack of deals before July ‘deals before July’, I was not surprised that both the US have given new, potentially high rate threats in the letters, and if the offer is realized enough, the deadline may be extended for some people.
Which countries have reached trade deals with the United States?
So far, only China, United Kingdom and Vietnam have announced trade deals, which have reduced Trump’s rates but have not removed them.
Under the US-China Agreement, the rates on Chinese goods were reduced from 145 per cent to 30 per cent, while US export duties went from 125 per cent to 10 percent.
However, this agreement paused only 90 days of high rates, instead of scraping them completely and released numerous outstanding sides.
The UK agreement has maintained a rate of 10 per cent, while Vietnam has changed the rate of 20 percent on the export of Vietnamese and 40 percent for “transpiling”.
Other major American trade partners, including the European Union, Canada, India, Japan and South Korea confirmed that negotiations are underway.
The Trump administration officials have indicated that negotiations are mainly focused on one and a half countries that make the US trade deficit greatly.
On Sunday, the Washington Post reported that the US largest business partner, the European Union, has worked to conclude the “Skeletal” agreement, postponing the resolution on their most controversial differences before the deadline to avoid Trump’s head
India’s CNBC-TV18 reported on Sunday that New Delhi expects to finalize the “Mini Trade Agreement” in the next 24-48 hours.
The CNBC-TV18 report, citing unknown sources, states that the average rate in this agreement is about 10 percent.
Andrew K McClister, a member of Holland and Night International Trade Group in Washington, DC, said that Trump announces some deals like Signed with China, Vietnam and the UK, most countries are often significant in board prices.
McLerstor told Al Jazzir, “I think that the rates are here to stay.”
“I see the Bargaining Chip’s level of rates. In countries where the president and administration consider the rates against American products and other non -obstacles, it is more likely to raise a higher level of rates.”
What will be the financial impact of Trump’s trade war?
Economists greatly agree that high -rise prices will increase in the continuous period and obstruct the growth of the US and global economies.
Last month, the World Bank and Economic Cooperation and Development Organization (OECD) reduced the global economy’s view of the global economy and reduced their estimates from 8.3 per cent to 8.3 per cent from 8.9 per cent to 8.9 percent.
At the same time, expecting the consequences of Trump’s trade war has become more challenging by their administration’s frequent U-turns and rates on rates.
Trump’s biggest rates have been paused, though 10 percent baseline duty has been implemented to import all US and the levy on Chinese exports are at double-digit levels.
JP Morgan Research estimates that 10 percent general rate and 110 percent of China will reduce global gross domestic product (GDP) by 1 percent, GDP has been charged 60 percent on Chinese goods.
Until now, the results on the rates presented are moderately, but analysts have warned that inflation can still be reduced after the business is burnt from the list of high costs.
Despite the fear of an increase in prices in the United States, the annual inflation increased by a modest of 8.3 percent near the Federal Reserve’s goal in May.
The US economy has added more than 147,000 jobs in June, after the US stock market has been severely damaged this year.
However, the other data shows the point to the underlying jiter.
According to the US Department of Commerce, consumer costs fell by 8.5 percent in May, the first decline in January.
Dutch Bank ING said in a letter on Friday, “Generally about the economy, the jury is still out on whether the jury is still waiting for the highest rate hit.”
“The delay in the rate of China probably came in time to avoid more serious recession. The latest employment reports certainly do not pay attention to the bottom of the labor market, even if you are talking about time, this is usually the last place that is financial loss.
