Wall Street Without Clear Direction After New Threats From Trump About Tariffs
The US market is particularly affected by Donald Trump's new threats, who announced his intention to communicate with some of the United States' trading partners to inform them of the tariffs that will be imposed unilaterally.
"We will send letters to the affected countries in a week and a half or two weeks to inform them, as I did with the EU" (the European Union), the US president told the press on Wednesday in Washington, following the announcement of an agreement with Beijing this week.
These letters will present "a take-it-or-leave-it deal," he specified, mentioning "more than 150 countries."
In principle, the tariff taxes from Washington are suspended until July 9, but these statements have reignited market fears.
Treasury Secretary Scott Bessent stated in Congress on Wednesday that a prolonged pause is possible for those who "negotiate in good faith."
"There are 18 important trading partners. We are working to reach agreements with them," he asserted.
Bessent indicated that it is likely that, in the case of countries or trading blocs such as the EU, Washington will decide to "move up the date to continue good faith negotiations."
