OPEN LETTER/ Come to the dialogue and listen to me speak, otherwise I will cut off your scholarships, you will rot in prison. Please!

 Kliko këtu për të tjera
Voxpress:

Trump decides to give Mexico some more time before applying tariffs

2025-07-31 19:49:34Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Trump decides to give Mexico some more time before applying tariffs

President Trump has announced on Truth Social that he and Mexican President Claudia Sheinbaum have agreed to extend their current tariff agreement.

This means that some goods from Mexico will not face higher tariffs starting August 1. The most recent agreement between the U.S. and Mexico is a "25% Tariff on Fentanyl, 25% on Cars, and 50% on Steel, Aluminum, and Copper."

Trump says he hopes to reach a trade deal with Mexico within this timeframe. Along with the extension announcement, the head of the White House says in his post on Truth Social that Mexico has agreed to "immediately end its Non-Tariff Trade Barriers."

"There will be continued cooperation at the border in terms of all aspects of security, including drugs, drug distribution and illegal immigration to the United States," Trump writes.

Trump has announced only eight deals in the past 120 days, falling well short of his promise to reach 90 deals within 90 days. And there is an uncertainty with the negotiations that are said to be still ongoing in some cases.

Vietnam was second only to the United Kingdom in reaching an agreement, but we still don't have clarity on a 40% freight rate for goods originating from other countries like China.

Indonesia managed to reduce the tariff rate from Trump's initial threat from 32% to 15%, but experts say what it agreed to do in return – eliminating tariffs on more than 99% of US products – does not seem like a fair deal.

The Philippines agreement includes Washington and Manila working together "militarily" but, again, there are no details on how exactly.

Trump said he had reached "probably the biggest deal ever made" with Japan. The country's auto sector welcomed the 15% tariff, but there are many questions about Japan's commitment to invest $550 billion in the United States.

There have been mixed signals about South Korea's commitment to make $350 billion in investments in the U.S. as well. U.S. Commerce Secretary Howard Lutnick said "90% of the profits" will "go to the American people," while South Korea's president said the money will go to Korean shipbuilding and chipping companies entering the U.S.

Indian exporters will struggle to compete with all these countries as a 25% tariff has been imposed on them. This is a setback for US-India relations at a time when Delhi is trying to present itself as an alternative destination to China for manufacturers like Apple.


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×