Latest news with #reciprocalTariffs
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Bessent: Some Trading Partners Could Get July 9 Extension on Tariffs
Some major U.S. trading partners may be given extensions on the July 9 deadline before the Trump administration imposes its steep, so-called reciprocal tariffs, Treasury Secretary Scott Bessent said Friday. Others could see their tariffs increase on or around that day, he said. 'There will be a group of deals that we will land before July 9—on or about [that date],' Bessent said on CNBC. 'And then there are probably another 20 countries that could go back to the reciprocal tariff of April 2 as we work on the deal, or if we think they are negotiating in good faith, they could stay at the 10% baseline." Additionally, other 'smaller trading partners,' Bessent said, will simply receive letters outlining the level of tariffs that they will pay.
Bloomberg
5 days ago
- Business
- Bloomberg
Swiss See 10% US Tariffs to Stay After July 9 If Still in Talks
The Swiss government expects US tariffs to remain at the current rate of 10% after the 90-day grace period ends on July 9, as long as negotiations between the two countries continue. Still, officials in Bern said they can't rule out that the US will reintroduce so-called reciprocal tariffs on that day, according to a statement on Wednesday.
Wall Street Journal
29-05-2025
- Business
- Wall Street Journal
The EU Doesn't Need Trump for a Trade War
President Trump appears to be annoyed that trade negotiations with the European Union are dragging along too slowly. Join the club, pal. The biggest victims of Brussels' indecision and sloth on trade are the Europeans themselves. Even if Mr. Trump's tariffs fall to U.S. courts, it won't liberate the Continent from trade war. The bloc is too good at doing damage to itself. The EU finds itself under an uncomfortable Klieg light after Mr. Trump's weekend fulminations about the bloc. The 27 countries that make up the EU have been grappling with uncertainty since April 2—Liberation Day—when Mr. Trump threatened 20% 'reciprocal' tariffs, only to suspend them for 90 days pending further negotiation.
CBC
22-05-2025
- Business
- CBC
Is Trump's tariff negotiation strategy backfiring?
There is a clear pattern to U.S. President Donald Trump's tariff negotiations. Andrew Chang explains key steps to Trump's playbook and to what extent they work. Then, the bizarre way Trump's team calculated reciprocal tariffs.
