Japan, Trump and tariff
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The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,
President Trump's trade strategy, marked by elevated tariffs, is yielding agreements with nations like the EU, Japan, and Vietnam. The EU accepted 15% US tariffs and committed to significant purchases and investments.
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Al Jazeera on MSNAs Trump’s August 1 deadline looms, tariffs are here to say, experts sayTrump’s protectionist moves likely to keep pushing countries to lessen their reliance on the US, analysts say.
That statement came some 12 hours after Trump announced an agreement Sunday with the European Union that would see a 15% tax paid on products brought into the United States from the bloc. The E.U. also agreed to spend $750 billion on energy purchases from the U.S., while investing an additional $600 billion here.
A roundup of where things stand with tariffs on key U.S. trade partners and sectors.
The Trump administration, known for its aggressive pro-crypto policy, already holds the most Bitcoin among all the countries — around 200,000 BTC. However, the administration has dropped no hint of using tariff revenue to acquire more crypto assets to add to its treasury.
President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.