Trump had initially described his April tariffs as “reciprocal”, claiming they were required to fight back against other countries trade rules he saw as unfair to US exports. <\/p>\n
He has separately announced tariffs for key sectors, such as steel and cars, citing national security concerns, and threatened them for other areas, such as pharmaceuticals and lumber. <\/p>\n
The multi-layered policies have complicated trade talks, with car tariffs a key sticking point in negotiations with Japan and South Korea. <\/p>\n
So far, the US has struck agreements with the UK and Vietnam, as well as a partial deal with China. In all three of those cases, the agreements have raised tariffs, while key issues remain unresolved. <\/p>\n
The European Union (EU) is also reportedly in talks that would keep a provisional 10% tax in place for most goods shipped to the US beyond the deadline.<\/p>\n
But it is also looking to reduce Trump’s 25% tariff on cars and parts, and a 50% tax on steel and aluminium.<\/p>\n
On Monday, a spokesperson said that the European Commission’s president Ursula von der Leyen had a “good exchange” with Trump. Just a few weeks ago, the US president had threatened the EU with a 50% tax unless it reached an agreement.<\/p>\n
Last week, Trump said Japan could face a “30% or 35%” tariff if the country failed to reach a deal with the US by Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"Trump had initially described his April tariffs as “reciprocal”, claiming they were required to fight back against other…\n","protected":false},"author":2,"featured_media":246052,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[12,26],"class_list":{"0":"post-246051","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-news","9":"tag-world"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114813649917471362","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/246051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=246051"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/246051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/246052"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=246051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=246051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=246051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}