On June 30, according to a report cited by the Associated Press, President Donald Trump stated there was no intention to extend the 90-day suspension of tariffs for most countries and territories after July 9. When the negotiation period ends, the U.S. government will officially notify stakeholders that if no agreement is reached, additional tariffs will be implemented as planned. Trump emphasized that countries will soon receive notification letters stating tariffs ranging from 10% to 50% depending on the case, while also evaluating the cooperative attitude of the parties to decide on the appropriate tariff strategy.

Details about the suspension of tariffs and the extension period

The 90-day suspension of tariffs is seen as an opportunity for countries to negotiate and adjust trade relations with the United States. However, President Donald Trump does not agree to extend it beyond July 9. This means that negotiations must be completed before that time, or higher tariffs will officially be applied to imported goods from countries and territories that do not reach agreements.

The decision not to extend the suspension of tariffs reflects the U.S. administration's hardline stance in protecting national interests, while also putting pressure on trading partners to achieve more favorable terms in economic cooperation.

Reactions and assessments from the relevant countries

Information about the anticipated reinstatement of tariffs is expected to prompt many countries to adjust their trade strategies and negotiations with the United States. Countries with friendly and cooperative relations will have the opportunity to reduce tariffs, while those deemed unfriendly may face tariffs as high as 50%.

Sending notification letters in advance helps countries understand the new policies and prepare for response measures, while also ensuring transparency in the United States' decisions on the international stage.

The impact of tariff policies on international trade

Tariff policies play an important role in regulating trade flows and promoting protection of domestic production. Not extending the suspension of tariffs could create significant pressure on countries importing goods into the United States, increasing costs and impacting global supply chains.

At the same time, high tariffs also encourage trading partners to seek alternative solutions, including diversifying markets or enhancing domestic production to reduce dependence on imports from the United States.

Summary on the importance of the decision to suspend tariffs

The decision not to extend the 90-day suspension of tariffs by the President of the United States marked a significant turning point in international trade policy. It demonstrates a commitment to protecting national interests and encouraging partners to achieve more favorable agreements. At the same time, this move poses a significant challenge for countries to adapt and adjust their trade strategies appropriately in a volatile global environment.

Closely monitoring the developments in negotiations and tariff policies will help businesses and investors make informed strategic decisions, minimizing risks in international business and investment.

Source: https://tintucbitcoin.com/trump-khong-gia-han-dinh-chi-thue/

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