President Donald Trump will meet with his trade team this week to finalize tariff rates for countries “that don’t come to the table to negotiate in good faith,” White House Press Secretary Karoline Leavitt said Monday. The pivotal July 9 deadline for higher tariffs on dozens of trading partners is quickly approaching. Trump’s approach involves threatening written notifications to trading partners outlining new tariff rates, a tactic aimed at forcing “deals” and punishing those not negotiating in good faith.
- India: Leavitt told reporters the U.S. is “finalizing these agreements,” with announcements on trade talks with India expected “very soon.” She confirmed recent conversations with Commerce Secretary Howard Lutnick about the ongoing negotiations.
- EU: The European Union is prepared to accept a 10% universal tariff on many exports to the U.S., but is demanding lower rates for critical sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft. EU negotiators are also pushing for quotas and exemptions to soften U.S. tariffs of 25% on automobiles and car parts and 50% on steel and aluminum, according to sources cited by Bloomberg.
- Japan: Trump threatened to impose new tariffs on Japan, criticizing the country’s refusal to accept U.S. rice exports despite an ongoing domestic shortage. Trump stated on social media, “They won’t take our RICE, and yet they have a massive rice shortage… we’ll just be sending them a letter.” The move escalates tensions as Japan seeks relief from 25% U.S. auto tariffs, which it says are damaging its industry. Trump has so far refused, noting Japan does not import significant numbers of U.S. vehicles.
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