200 Global 'Tariff Bills' Are on the Way! Who Will Be the Next Unlucky One?
Trump has given the EU an ultimatum: If no agreement is reached by August 1, tariffs on European goods will directly rise to 30%! Old tariffs on cars, steel, and aluminum will still apply, and new charges will be added for drugs, chips, and copper. He said the chances of reaching an agreement are just half of half, like flipping a coin.
The EU is desperately trying to bargain, aiming to reduce general tariffs to 15%, and seeking to obtain some exemptions or preferential rates for sectors like automobiles and steel, which are heavily impacted. More aggressively, Trump is not only focused on Europe but also intends to unilaterally set tariffs for nearly 200 companies worldwide.
He specifically criticized Canada, saying, 'If we can't reach an agreement, then don't talk, just wait to pay a 35% tax.'
The UK thinks it can reduce its steel and aluminum tariffs by eliminating the digital tax? Trump said, 'No way, it has to be fair.'
However, he praised Australia for being 'understanding' because they voluntarily opened the green light for American beef.
This situation shows Trump wielding the tariff 'big stick,' using tariffs as leverage to force the world to renegotiate; if no agreement is reached, tariffs will increase, and prices may rise globally.
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