Home Latest News We are close to the completion of a number of commercial agreements

We are close to the completion of a number of commercial agreements

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The US Minister of Finance Scott Demanent said on Sunday that the United States was close to reaching a number of commercial agreements until the current July 9, in which high customs duties began, waiting for several major ads in the coming days.

Pesent added to CNN that the Trump administration will also send messages to 100 countries that are not collected by significant trade operations in the United States to notify him that it would encounter higher customs duties, which were originally determined on April 2 until they are suspended until the ninth of July.

The minister said: “The American president (American Donald) will send messages to some of our commercial partners, which states that if you do not move things, we will return to the level of customs duties on August 1, which were determined for you on April 2; So, I think we will witness many agreements. ”

The dog denied that the first August was a new final date for negotiations. He said: “This is a date for this. If you want to speed up things, do it. But if you want to return to old drawings, this is your choice. “

The US Minister of Finance said that the Trump administration focused on 18 important commercial partners representing 95 percent of the American trade deficit. But he said that there is a “big delay” between the countries in reaching a trading agreement.

And he refrained from mentioning the names of countries that were close to the conclusion of a trading agreement, adding: “Because I do not want them to refuse to punish.”

Trump has repeatedly stated that India was going to sign an agreement, and expressed hope that the agreement could be reached with the European Union, while at the same time casting doubt on the possibility of reaching an agreement with Japan.

Since he suggested that the US president called the global trade war, which turned financial markets upside down, and pushed politicians to hurry to protect his economies, including concluding the United States and other countries.

On April 2, Trump announced the introduction of 10 percent of the main customs duties and additional amounts to most countries, some of which are 50 percent. This caused a violation in financial markets; This prompted Trump to suspend all fees, with the exception of 10 percent over 90 days, to give more time for negotiations to conclude transactions, but the process proved that they were more difficult than expected.

This period ends on July 9, that is, on Wednesday, although Trump said on Friday morning that customs duties can be higher – and can reach 70 percent – most of which are planned to enter into force on August 1.

When Pesent was asked about 70 percent, he referred to the list of April 2, but he did not include these high rates.

He explained that “the plan followed by trade negotiations is based on the implementation of maximum pressure … The United States has the force of negotiations in trade negotiations with the European Union”, explaining in the statements of the Fox News channel: “Commercial negotiations with the European Union are advancing forward”.

In addition, on Sunday, the Indian CNBCTV channel quoted sources on Sunday, which is quite possible that India and the United States will make a final decision on a mini -trading agreement within 48 hours.

The channel added to platform X that negotiations on the micromestial agreement were completed, and that the two parties would be legitimized in negotiations on a broader agreement after July ninth.

The channel is quoted sources in which this was not mentioned by name, it is expected that the average customs duties in accordance with the micrersic agreement have reached 10 percent.

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