Trump’s New Tariff Letter Threat | Japan, S. Korea Among 14 Nations To Get Trump’s Letters | N18G

Trump’s New Tariff Letter Threat | Japan, S. Korea Among 14 Nations To Get Trump’s Letters | N18G

No, I would say firm, but not 100% firm. If they call up and they say would like to do something a different way, we’re going to be open to that. But essentially, that’s the way it is right now. We’re always subject to negotiate something that’s fair. But we’ve talked to most of the countries and uh pretty much they’ve had their way for many many decades as you know and it was time that we just wanted fairness. We’ve made a deal with uh United Kingdom. We made a deal with China. We’ve made a deal. We’re close to making a deal with India. Others we met with and we don’t think we’re going to be able to make a deal. So we just send them a letter. If you want to if you want to play ball, you have to this is what you have to pay. So we’re com, as far as I’m concerned, we’re done. We’re sending out letters to various countries telling them how much tariffs they have to pay. Uh some will maybe adjust a little bit depending if they have a, you know, cause. We’re not going to be unfair about it. And actually, it’s a small fraction compared to what we should be getting. We should be we could be asking for much more. But for the sake of relationships that we’ve had with a lot of really good countries, we’re doing the way I do it. US President Donald Trump produced a barrage of tariffs on Monday, as foreworn, no doubt, to mark the end of that 90-day period of pause. Trump had, as we all recall, announced a very high level of tariffs on a number of countries on April the 2nd, Liberation Day as he called it. He then offered a pause on implementation in order to give countries time to work out some sort of trade deal with the US. And in the absence of a deal, uh the tariffs were due to kick in on July the 9th. Now the implementation date has been delayed further to August the first to give some countries time yet to perhaps work something out. On Monday, Trump wrote to the heads of government of several of these countries informing them that they will face a certain level of tariffs and then he released the letters publicly simultaneously. The first two letters went to the heads of government of Japan and South Korea, each now facing a 25% tariff on goods they export to the US. Trump followed up the declaration of that figure in the letters with both threats and inducements. The threat a familiar one that if any country raises tariffs upon the US in return, the US would then raise tariffs further on that country by that amount. Which is to say, of course, that reciprocal tariffs applied by the US are just fine. Any reciprocation of that by any other country to the US would be punished. The inducement was that uh these figures are not necessarily final. So that would leave room for a change and some negotiation so that there’s still a window to work out a deal before the tariffs kick in on the 1st of August. But that inducement is not without its own threat on its flip side. Trump has said that any of these numbers could change but that does mean they could go up as well as down. By Monday evening, Trump had announced tariffs upon a very large number of countries to add then to Japan and South Korea. So Myanmar and Laas facing 40% tariffs now. Cambodia 36%. Bangladesh and Serbia 35% each. Indonesia, Bosnia and South Africa 30% each. And then Tunisia, Malaysia and Kazakhstan 25% each. The same as Japan and South Korea. So after the pause, we now have the upheaval and no one quite knows where it’ll end, which way it will all go. Trump can change his mind at any time when we now have his word for it as we’ve had for some time really. uh these are countries uh as listed where a deal could not be worked out through the 90-day period. But we’re also waiting to hear of deals that may have been worked out, none more than India. We’ve heard much over recent days that an India deal is around the corner, but we haven’t turned that corner yet. We have so far uh the US has so far only a limited deal uh with Britain and an odd one with Vietnam where 20% tariff on uh exports from Vietnam, zero on US imports into Vietnam, not many will follow that model. Of the countries listed, not many have rushed in to sign an agreement with the US. And given Trump’s ways really, an agreement may count for little even if it is reached.

US President Donald Trump on Monday sent tariff letters to 14 nations, with Japan and South Korea being the first recipients, imposing taxes ranging from 25% to 40% on their imports, as he started dispatching the first batch of letters to various nations, days before his deadline for trade partners to reach new deals expires.

Trump made the announcement on his Truth Social platform, stating that the tariff letters and/or deals would be delivered to various nations around the world. The timing for the first tariff letter to be sent by Trump will be 9:30 PM India Standard Time (IST).

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