The Minister of Trade of the United States Howard Lutnik said on Sunday that they are poorly called tariffs “mutual“And it is subject to Commercial pause This expires in this environment, July 9, will enter into force on August 1.
Lutnik made statements with President Donald Trump, who nodded before a group of journalists who accompanied them in New Jersey and who requested explanations about the introduction of tariffs, given the letters that Washington plans to send from this Monday to his partners.
“I think that we will have the majority of countries on July 9, or a letter or agreement,” Trump said, to which Lutnik agreed: “But they will enter into force on August 1. Tariffs come into force on August 1. The President establishes fees and agreements, right now“
Lutnik’s comments – this is a new delay in the introduction of the highest tariff Commercial war
This Sunday, the Minister of Finance, Scott Donant, in the CNN program “State of the Union”, already mentioned this new time, expressing that the tariffs would return as “boomerang” to their levels on April 2, if on August 1, the countries or blocks have not closed.
Trump said he would send from Monday -after he will initially do it on Friday – Letters describes in detail the tariffs that you want to impose on each partner As of August 1 to the end, which initially established a deadline, there is no agreement of July 9.
“When we send 100 cards (to 100 countries), we will set their tariff tariffs that will be 100 (pacts) in the coming days,” said the Treasury Secretary in CNN, and stated that the strategy consists in “applying maximum pressure” to obtain these agreements.
Today, before going to Air Force One at the local airport in New Jersey, Trump said that on Monday he would send from 12 to 15 cards and asked about his expectations for concluding agreements this week, Lutnik replied that Trump “concludes all kinds of agreements with all types of countries”.
Trump said that this weekend, in addition, the encumbrances that he will notify with letters will be up to 70 % for some countries, which is a much higher level compared to the originally declared. On Thursday, the White House said that he did not consider the “critical” date on July 9, originally established by Trump for contracts of new commercial agreements.
Currently, Washington has reached two agreements on Marco, with the United Kingdom and Vietnam, which lacks the depth of the commercial contract, and the agreement to reduce stress with China.
The first reaction to the news about the markets that controlled the volatility in the midst of uncertainty about the US commercial policy was negative, and the futures for the main indicators of Wall Strack fell by 0.30 % on Sunday afternoon.
