US Trade Partners Race for Deals as Trump Readies Tariff Notices
'I signed some letters and they'll go out on Monday – probably 12,' Trump told reporters over the Fourth of July weekend, adding that the missives involve 'different amounts of money, different amounts of tariffs and somewhat different statements.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
20 minutes ago
- Bloomberg
Trump Slams Musk Plan for Rival Political Party as Feud Deepens
President Donald Trump blasted Elon Musk's bid to start a new political party, as the intensifying feud between the former allies deepens concerns among investors over the implications for Tesla Inc. and other companies helmed by the world's richest man. 'Third parties have never worked, so he can have fun with it, but I think it's ridiculous,' Trump told reporters on Sunday. The US has 'always been a two-party system,' he added.
Bloomberg
20 minutes ago
- Bloomberg
Trump Threatens 10% Tariff for ‘Anti-American' BRICS Alignment
President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with 'the Anti-American policies of BRICS,' injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners. 'Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff,' Trump said Sunday night in a Truth Social post. 'There will be no exceptions to this policy.'
Yahoo
21 minutes ago
- Yahoo
Thailand has submitted latest trade proposal to United States, finance minister says
BANGKOK (Reuters) -Thailand has submitted its latest trade proposal to the United States, its finance minister Pichai Chunhavajira said on Monday, as it tries to head off steep tariffs from its largest export market. Washington has threatened to impose a 36% levy on imports from Thailand if a reduction cannot be negotiated before July 9, when a 90-day pause capping tariffs at a baseline of 10% for most nations expires. The United States accounted for 18.3% of Thailand's shipments last year, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion. "We heard their feedback and what what they were especially interested in and we adjusted it," said minister Pichai Chunhavajira, who returned from Washington last week following talks. He said there could be other adjustments in future. Thailand's top three exports to the United States last year were computers, teleprinters and telephone sets, and rubber products. Its top three imports from the U.S. were crude oil, machinery and parts, and chemicals. Thai state-owned energy giant, PTT Group in June signed an agreement to procure 2 million metric tons of liquefied natural gas per year from Glenfarne's Alaska LNG project over a 20-year term. The $44 billion project has been championed by U.S. President Donald Trump. Pichai earlier said Southeast Asia's second-largest economy could expand by just over 1% this year due to the impact of U.S. tariffs. Thailand's economy has struggled with weak consumption, soaring household debt, slowing tourism, trade uncertainty and potentially steep U.S. tariffs. Last month, the central bank forecast economic growth of 2.3% this year, after last year's growth of 2.5% lagged peers in the region. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
