In a dramatic twist that feels straight out of a blockbuster, U.S. President Donald Trump's recent tariff threat letters have sparked major frustration among key trading partners. 😮
The European Union is quick to push back. A close contact with EU negotiations noted that the tariffs target the bloc's industrial growth, stressing the need for immediate relief on steel, cars, and other key goods. With talks aiming for a framework agreement by August 1, the EU is keen to lock in lower tariffs and a 'stand-still clause' to stop further measures.
In Asia, the mood is equally charged. South Korea's trade ministry is hustling to secure a mutually beneficial deal despite tight time frames, while Japan’s leader, Shigeru Ishiba, described the new measures as "truly regrettable," underscoring the importance of continued discussions to protect national interests.
Meanwhile, the U.S. has also set new tariff rates for 13 other nations—ranging from 25% for products from Japan and South Korea to even higher rates elsewhere. As this trade saga unfolds, it’s clear that global players are determined to ensure fair and stable trade, sparking a wave of urgency on the international stage. Stay tuned as these high-stakes negotiations continue to evolve! ⚡️
Reference(s):
'Not acceptable,' U.S. allies react to Trump's tariff letters
cgtn.com
