Tariff: Trump says world rate will be between 15% and 20%; rate imposed on Brazil is more than double than that of other countries

Donald Trump Christopher Furlong/Pool via Reuters, US President Donald Trump said on Monday that he expects the country to establish tariffs in the 15% to 20% range with commercial partners who do not reach an agreement with Washington. If the forecast is confirmed, this means that Brazil will pay more than double the rest of the world, since the rate imposed by the Republican on Brazilian products is 50%. “The worldwide fare would be somewhere in the 15% to 20% range,” Trump said in an interview with journalists. Trump also commented on China, expressing the desire for the Asian country to open its markets to US products. “We concluded the deal with Indonesia, and they opened the market for us. Japan also released the entrance of our cars and our rice. The Philippines did the same […] And I would love to see China to follow this path. We are negotiating with them right now, ”he said. The main economic authorities of the United States and China resume negotiations on Monday (28) in Stockholm to try to resolve longtime economic disputes at the center of a trade war between the two largest economies in the world. The goal is to extend the Tariff for another three months. The information is from the Reuters news agency. Treaty lasting with the government of President Donald Trump. The deadline was established after Beijing and Washington came to preliminary agreements in May and June, trying to end weeks of rare landing and mineral questions. Bilateral trade embargo. Stockholm negotiations occur shortly after Trump’s largest commercial agreement with the European Union, which provides a 15% rate on most EU product exports, including cars. 90 days of the tariff truce and export control signed in mid-may. Introducing new tariffs or other measures that could increase trade war for another 90 days. Trump’s government is ready to impose new sectoral tariffs within weeks that will affect China, including semiconductors, pharmaceuticals and other products. We really made a kind according to China, but let’s see how this will unfold, “Trump told reporters on Sunday, before the president of the European Commission, Ursula von der Leyen, closing the tariff agreement. The British newspaper Financial Times also reported on Monday that the US had suspended technology restrictions to China to avoid interrupting commercial negotiations with Beijing and support Trump’s efforts to ensure a meeting with XI this year. The Department of Trade Department and Security, which supervises export controls, was instructed to avoid harsh measures against China, the newspaper said, citing current and old employees.

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