tump | 婷婷激情五月天 Our Members Bring Choice, Value & Innovation to Agriculture Fri, 23 May 2025 14:36:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 /wp-content/uploads/2023/09/fema-favicon-75x75.png tump | 婷婷激情五月天 32 32 Reciprocal Tariffs to Resume for Some Nations After July 9 /news/reciprocal-tariffs-to-resume-for-some-nations-after-july-9/ Fri, 23 May 2025 14:36:01 +0000 /?p=31960 The United States will reinstate reciprocal tariffs first announced April 2 for countries it is unable to reach deals with during the current 90-day pause, Treasury Secretary Scott Bessent said in multiple interviews last week.

On April 9, Trump instituted a 90-day pause on a slew of country-specific tariff rates subject to his reciprocal tariff policy, instead maintaining a 10% baseline rate for most trading partners.

Since then, the U.S. has outlined a trade deal with the United Kingdom and agreed to a 90-day tariff reduction for imports from China.

鈥淏ut it鈥檚 not possible to meet the number of people that want to see us,鈥 Trump said after indicating that his administration has received interest in negotiating from 150 countries.

The administration is instead focused on 鈥18 important trading partners鈥 and 鈥減robably another 20 strong relationships,鈥 Bessent told CNN on Sunday.

鈥淧resident Trump has put them on notice that if you do not negotiate in good faith, that you will ratchet back up to your April 2 level,鈥 Bessent said. The U.S. may also consider 鈥渞egional deals鈥 to cover smaller trading relationships in areas like Central America and Africa, he added, although he did not provide further details on what such pacts would entail.

The current pause on the Trump administration鈥檚 country-specific reciprocal tariffs is set to expire July 9. The suspension has temporarily lowered duties Trump hiked on countries such as Vietnam (46%), India (26%) and Japan (24%).

Source:

]]>