A statement from the White House on Friday indicated that the United States is not bound by the July 9 deadline, which could lead to heavy tariffs being imposed on imports from several countries. When asked about the accuracy of this date, President Trump confirmed that the deadline could be adjusted, raising doubts about the trade schedule. In particular, he seemed to refer to July 8, when the 90-day tariff suspension, issued on April 9, ends. According to CNBC, without a new order, the original tariff rate, which could be as high as 50%, will automatically be reapplied.
Impact of tariffs and suspensions
The initial tariff order applied from April 2 caused a strong reaction in the market, with some countries facing tariffs close to 50%. This change caused significant volatility, raising concerns among investors and leading to responses from governments worldwide. Subsequently, the President suspended these tariffs for 90 days with hopes of negotiating favorable trade agreements.
Results of trade agreements
Currently, there has only been minor progress in negotiations with China and the United Kingdom. Trade ministers from both countries have confirmed information about a trade framework, but a final agreement has not been reached. Additionally, President Trump has stated that agreements have been made with four or five other countries, although the reality shows that most trade partners do not have specific agreements and may face high tariffs.
Options for the president and his team
While making statements, President Trump said that the administration is preparing to notify each country about the new tariffs. He emphasized that these notifications will be issued soon. This indicates an openness to adjusting deadlines and tariff levels, raising uncertainty in the global trade market.
Legal challenges to the tariff order
Legal challenges are also impacting this situation. A federal trade court declared the tariff illegal, but this decision is not in effect due to a stay by the appellate court. Currently, the tariff remains in place while stakeholders continue to await a final ruling. If the appellate court's order is lifted, this tax structure could be completely changed.
Factors to consider in the future
Before the deadline on July 8, countries that have not reached an agreement will have to prepare for the reapplication of the original tariff rates. This could lead to a similar reaction as in April but with more instability due to the lack of a trade agreement. The current situation requires businesses and governments to have thorough preparations to cope with the challenges arising from these decisions.
Source: https://tintucbitcoin.com/trump-thoi-han-thue-thang-bay-linh-hoat/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
