US Edition
Trump announces more trade deals as deadline looms for higher tariffs on Canada
CANADA, JUL 23 – New trade agreements with Japan, the Philippines, and Indonesia set tariffs significantly below threatened levels, reflecting concessions to open markets to U.S. goods ahead of Aug. 1 deadline.
- This week, Trump announced new trade deals with Japan, the Philippines, and Indonesia, pressuring Canada and others to secure agreements by August 1.
- Pressure mounts as Trump warns partners of higher tariffs, including a threat to Canada with 35 percent tariffs in Trump’s letter to Prime Minister Mark Carney.
- In Indonesia, 99 per cent of U.S. industrial and tech goods enter tariff-free, while accepting a 19 per cent tariff on its exports.
- Remarkably, trading partners have not retaliated, and most Canadian USMCA-compliant exports remain tariff-free.
- Decision time nears for imposing massive new tariffs, as Trump must choose whether to enforce or delay them before August 1, shaping future global trade.
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31 Articles
Peso up as US finalizes more trade deals - BusinessWorld Online
THE PESO extended its climb against the dollar on Thursday amid easing market uncertainty as the United States finalized trade deals with more countries, including the Philippines. The local unit surged to P56.65 per dollar, up by 23.1 centavos from its P56.881 finish on Wednesday, Bankers Association of the Philippines data showed. This was the peso’s best close in nearly two weeks or since it finished at P56.63 on July 14. The peso opened Thur…
Within a week of the August 1 deadline for the entry into force of US customs surcharges, a few states have already entered into "deals" with Washington to escape, often at the price of important concessions.
Here’s What’s Next in the Court Cases Against Trump’s Tariffs
Friday Aug. 1 has been marked on calendars across financial markets, customs compliance offices and government trade departments for weeks since US President Donald Trump declared it the final deadline to do a deal or face his unilateral tariffs.
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