President Trump said on social media at the end of this week that he would start sending tariff growth letters to those countries with which the US does not reach satisfactory business deals starting on Monday afternoon. Business experts hope that many foreign countries will be effective on 1 August to receive notices.
Mr. Trump said that “tariff letters” will go to EST at 12:00 pm, Beyond the deadline of July 9 America’s business partners have to face deals or have to face country-based tariff rates. President Trump announced the so -called “mutual tariff” rates on 2 April, which he dubbed “Liberation Day.” He established a 90-day stagnation on the country-specific levy, which ends on 9 July.
“I am happy to declare that tariff letters of the United States, and/or deals, will be started from 12:00 pm (Eastern), Monday, 7 July,” Trump said Trump said, “I am happy to declare. True social Late Sunday night. “Thanks for your attention to the matter! Donald J. Trump, President of the United States.”
The White House did not immediately respond to the CBS Manivatch’s request for comments, which country would receive letters to inform about high tariff rates.
Club membership fee
The co-director of Center for International Law at New York Law School, Business Policy Specialist Barry Apple told CBS Manivatch that the country-based levy is similar to the membership fee guaranteeing admission to a private club.
Epton told CBS Manivatch, “Trump has been receiving applications for membership since ‘Liberation Day’.” “They are coming to those countries who are with proposals of what they will interact in the deal.”
Similar to a club, Appleton said, “The administration decided whether to charge, whether it is full price, friends and family, or a special friend and family rate,” levy on various countries in terms of Trump administration. “It depends on what you are going to give him.”
Appleton said that America has the ability to charge “whatever market will pay, and many countries want strict access to America”
On Monday, Mr. Trump is expected to announce which countries will be subject to high tariffs at all imports on all imports at all imports. Apply on 1 AugustMr. Trump said on Friday. The President had earlier said that he would kick on 9 July.
“Good, bad, ugly” landscape
Jacques Investment Management’s portfolio manager Brian Mulberry told CBS Manivatch that the countries of the Trump administration believe that notices will be received on Monday.
“Finally, the countries that are actively participating in the conversation, they will already get some types of mutual structure,” he said.
He said that as far as the rates run, there are three comprehensive results.
“We have a good, bad, ugly landscape,” said Mulberry. The 10% tariff rate will be a “good” result, while 20% tariffs will be bad, and anything will be considered as higher “ugly”.
He said, “Countries had got an opportunity in the last 90 days so that they could make the best offer, and if you were not participating, you can get a number,” he said.
