President Donald Trump, speaking at an event on artificial intelligence July 23, told the audience that for countries that are smaller trading partners, there will be a tariff imposed on their goods between 15% and 50%.
At a reception for lawmakers, President Donald Trump complained that Ozempic costs almost $1,300 in the U.S., and only $88 in England, and that countries with price controls on prescription drugs must change their policies.
For the countries outside America's top 30 or so trading partners, the U.S. likely will apply either 10% or 15% tariffs, President Donald Trump said in a telephone interview July 16.
The president of Indonesia confirmed to reporters in Jakarta that he agreed to 19% tariffs, in exchange for buying more wheat, soybeans, fuel and Boeing aircraft.
The U.S. will set one tariff rate for "smaller countries" in a "notice of payment" without negotiation, President Donald Trump said.
National Economic Council Director Kevin Hassett said July 13 on ABC's "This Week" that the president is not satisfied with "some sketches of deals that had been negotiated with {Commerce Secretary] Howard Lutnick and the rest of the trade team, and the president thinks that the deals need to be better, and to basically put a line in the sand, he sent these letters out to folks. And we'll see how it works out."
President Donald Trump expressed pessimism about reaching a trade deal with Japan, and suggested that the tariff rate would be higher than the 24% country-specific rate briefly in effect April 9 in comments to reporters traveling on Air Force One July 1.
President Donald Trump, as he spoke about the bombing of Iran by Israel, mentioned a recent meeting with a Pakistani general, and then said India's prime minister just left.
Vietnam and the Philippines are the Southeast Asian countries closest to a trade deal with the U.S., said a former assistant U.S. trade representative on a webinar hosted by the Asia Program of the Carnegie Endowment for International Peace on June 17.
President Donald Trump expressed confidence that the U.S. and Canada will "work something out" on trade, just before he met June 16 with Canadian Prime Minister Mark Carney. The two were meeting ahead of the beginning of a two-day Group of 7 summit in Canada's Alberta province.