Trump, global trade wars
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U.S. President Donald Trump announced on Tuesday a new 19% tariff rate for goods from the Philippines after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House,
President Trump announced Tuesday that his administration had wrapped up a massive trade agreement with Japan, two weeks after threatening the US ally with 25% tariffs “We just completed a massive Deal with Japan,
The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.
The dollar stayed weak on Wednesday, having lost ground overnight, after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline.
The United States will enforce new reciprocal tariffs starting August 1 for countries that fail to reach trade agreements with Washington, Commerce Secretary Howard Lutnick said on Sunday, setting a “hard deadline” for implementation while keeping doors open for talks beyond the date.
European Union and US negotiators are heading into another week of intensive talks, as they seek to clinch a trade deal by Aug. 1, when US President Donald Trump has threatened to hit most EU exports with 30% tariffs.
The dollar was on a shaky footing against the yen on Wednesday, having lost ground overnight, after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline.