More
    HomeAsian NewsTrump defends tariffs ahead of court drama as countries race to strike...

    Trump defends tariffs ahead of court drama as countries race to strike deals

    Published on

    On the eve of President Trump’s tariff deadline, trading partners are scurrying to reach a deal before higher tariffs are imposed. Here is a list of the deals which have been reached and the ones still undecided.

    Europe: Both the US and the EU reached a trade agreement on Sunday, imposing a 15% import tariff on most EU goods and the EU plans to invest some $600 billion in the US.

    China: The US and China concluded their latest round of tariff and trade talks in Sweden on Tuesday, with both sides touting progress but without an immediate announcement of a further tariff delay.

    UK: The UK signed a deal with the US back in May formally lowering some tariffs on cars, steal, aluminum, beef and aerospace products. The UK also agreed to reduce tariffs on US beef and ethanol exports.

    Japan: Tokyo clinched a trade deal with Washington this month, lowering tariffs to 15% from a previously proposed 25%, including on autos. The deal also includes investment from Japan into the US.

    Vietnam: The US president announced earlier this month that he had struck a preliminary trade deal with Vietnam, cutting tariffs on imports from the Southeast Asian country to 20% from the 46% level threatened in April.

    South Korea: Trump on Wednesday announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan.

    India: On Wednesday Trump threatened a 25% tariff on goods from India.

    Canada: President Trump hit out at Canada on Thursday, saying its support for Palestinian statehood would make it harder to strike a trade deal with the US’s neighbor. Canadian Prime Minister Mark Carney said Wednesday that talks with the US may not finish by Trump’s Friday deadline.

    Mexico: Bloomberg News reported Trump will speak with his Mexican counterpart Claudia Sheinbaum on Thursday morning.

    Thailand and Cambodia: Deals were also expected with Thailand and Cambodia after Monday’s ceasefire.

    Source link

    Latest articles

    EU energy policy trapped between US gas and Chinese green tech

    The European Union's lavish pledge to buy $750 billion of U.S. energy by 2028...

    Asian Agri Hosts "Healthy and Smart Together" Initiative with Community Partners in Medan to Enhance Health and Literacy Awareness

    SINGAPORE - Media OutReach Newswire - 31 July 2025 - Asian Agri, in collaboration...

    US tariff keeps India in China plus one, for now

    Donald Trump's decision to impose a 25% duty on imports from India may allow...

    Stock Market LIVE Updates: GIFT Nifty indicates a weak start; Trump imposes 25% tariff

    Market on Wednesday | Nifty at 24,850 on expiry day volatility, Sensex up...

    More like this

    EU energy policy trapped between US gas and Chinese green tech

    The European Union's lavish pledge to buy $750 billion of U.S. energy by 2028...

    US tariff keeps India in China plus one, for now

    Donald Trump's decision to impose a 25% duty on imports from India may allow...

    Chinese-American comedian Joe Wong is to perform in Macao

    Chinese-American comedian Joe Wong will be performing his Chinese stand-up show Between Jobs in...