The United States imposed duties against countries that have not concluded new agreements

The United States has announced the imposition of duties on imports from countries that have not reached an agreement with Washington on new trade conditions. The duties will take effect on August 1. Earlier, Donald Trump set a base rate of 10%, and increased tariffs were introduced for 57 countries from April 9, calculated to eliminate the trade deficit. However, most countries requested negotiations, and the 10% benefits were extended until August 1.

Japan, South Korea, the Philippines, Vietnam, Indonesia, the United Kingdom, the EU, Thailand and Cambodia have already reached agreements. Duties on goods from Japan, South Korea and the EU will amount to 15%, from Vietnam – 20%, Great Britain – 10%, Indonesia and the Philippines – 19%. The United States has achieved market opening and reduced barriers to its products, as well as additional investments.

Negotiations with Canada, Brazil, India and Mexico are ongoing. Tariffs on Brazilian goods have increased to 50%, but with exceptions for 700 items. India is threatened with a 25% tariff on trade barriers and ties with Russia. Canada faces a 35% tariff for recognizing the State of Palestine. Mexico has extended the current agreement, including 25% and 50% tariffs on a number of goods.