Lootnick says:
The “Tahrir Day” tariff for President Trump – is scheduled to be kicking on Friday – was set on the stone this time and will not be delayed again. Trade Minister Howard Lootnick Sunday said.
“There are no extensions, no more allowances.Fox News Sunday“
“It is clear, after August 1, people can still talk to President Trump. I mean, he is always ready to listen, and from time to time, I think the president will speak with many people. Whether they can make him happy is another question.”
Trump announced the 10 % foundation tariff rate on all imports to the United States and announced a set of customs prices against almost every country on this planet during the “Liberation Day” batch on April 2.
The allocated tariff rates were scheduled to enter April 9, but after that it was delayed 90 days and then postponed them again until August 1.
At that time, Trump announced preliminary trade deals with the United Kingdom, Vietnam, Japan, Indonesia and the Philippines.
In addition, the Trump administration reached a tariff with China and set a final date on August 12 to reduce a wider deal.
Lootnick confirmed that Trump gives priority to “big economies” at the present time.
It includes the European Union. Trump met with European Commission President Ursula von der Lin on Sunday during his four -day trip to the United Kingdom.
“We have set the table. The team puts the table. But Donald Trump is negotiating himself,” he stressed.
The European Union is a mass of 27 countries, combined, is one of the largest sources of trade in America. Negotiations with the European Union proved that they are long and difficult for Trump.
Trump has a variety of customs tariffs now, such as 25 % average on cars, aluminum and steel, as well as 25 % on imports from Canada and Mexico that are not compatible with the United States and Mexico-Kanada Convention. He also recently thought about raising the customs tariff for Canada and Mexico.
Lootnick described revenue gains from these definitions.
“What will happen is that a little products will actually move in the price,” predicted. “Essentially $ 700 billion, 800 billion dollars, and perhaps we can get close to trillion dollars revenues, we will come to the United States of America, which reduces our deficit.”
“What do you think is to pay any tax on advice, no tax on additional work, and no tax on social security, right?” He added. “I think if you look at everything, it will be great.”
Trump also defined the definitions in the geopolitical field. On Saturday, he spoke with the leaders, Cambodia and Thailand, and informed them that the American trade negotiations would stop unless they stop fighting on a long section of the border.
On July 15, the President also threatened Russia with 100 % secondary definitions on Russian oil if it failed to conclude a deal with neighboring Ukraine.
This threat could complicate US trade relations with China and India in particular, which have benefited from cheap Russian oil due to the sanctions on Moscow.
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