US, european commission and Tariff
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US President Donald Trump is set to make trade deal decisions this week, ahead of his self-imposed August 1 deadline, according to US Commerce Secretary Howard Lutnick. “We’re going to have things done by Friday,” Lutnick told CNBC in an interview.
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ABP News on MSNIndia-US Trade Deal Deadline Nears: More Talks Needed Before August 1, Says Jamieson GreerIn an interview with CNBC, US Trade Representative Jamieson Greer said that Washington needs additional talks to finalise a trade agreement with New Delhi.
The twice-postponed deadline for levies to take effect is now Aug 1. Read more at straitstimes.com. Read more at straitstimes.com.
US tariff negotiations have heated, as the August 1 deadline looms, with countries scrambling to avoid steep new duties. Deals with the EU, Japan and others have been struck, but talks with South Korea,
The White House altered the plan at the last minute regarding India. Attempts are being made to persuade Trump to rethink his decision. However, at present, negotiators are returning to the negotiation table to resume discussions and, if necessary, completely restructure the agreement.
MAS has already eased the pace of the Singdollar's appreciation twice this year - in January and April. Read more at straitstimes.com. Read more at straitstimes.com.
Besides the EU, tariff agreements have been reached with the UK, Japan, Indonesia, the Philippines and Vietnam, at rates of 10 per cent, 15 per cent, 19 per cent, 19 per cent and 20 per cent respectively – all lower than Trump originally threatened, but in some cases higher than the initial announced rate.
18hon MSN
Donald Trump hailed 'the biggest deal ever made' while EC chief Ursula von der Leyen was forced to admit it was 'the best we could get'
The ASX has dived on Tuesday after Donald Trump revealed Australia could face tariffs about two times as high as previously thought.
General Motors’ second-quarter core profit fell 32 per cent to US$3 billion on Tuesday, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results.