Trade Talks: US Plans to Raise Tariffs on Some Countries

The US is preparing to impose new tariffs on approximately 10 to 12 countries following the conclusion of a three-month trade negotiation deadline.

New Tariff Rates

• Range: 10% to 70%
• Impact: Potential market instability, negative reactions from global stock markets

Current Tariff Situation

• Existing Tariffs: Up to 50% on most trading partners
• Market Reaction: Worldwide stock markets and futures have already fallen

Uncertainty Surrounding Affected Countries

• Potential Targets: EU, Japan (criticized by the US)
• Uncertainty: Not all criticized countries may be affected

Deadlines and Negotiations

• Initial Deadline: July 9 for trade deals
• Flexibility: Some officials suggest negotiations may continue beyond July 9
• Tariff Implementation: August 1, increasing trade costs with the US

Current Trade Deals

• Signed Frameworks: UK, China
• Claimed Agreement: Vietnam (details unclear)
• Ongoing Efforts: Working with 18 key partners to lower trade barriers

Tariff Strategy

• Idea Duration: Over two months, with changing timelines
• Implementation: Letters to countries, considered the easiest way to handle trade with over 170 countries