Trump paused a trade War with the eu. Here’s Where Other Talks Stand

President Donald Trump Pulled Back from Threatetening A Large Trade War with Europe, Again.

On May 23, Trump Said He Wold Impose a 50% Tariff on the Eu Starting on June 1. By May 25, the President Said He Had Aggreed to the Eu’s Request to Pause the Additional Tariff Until July 9.

“Remember, I am empowered to” set a deal “for trade into the united states if we are unable to make a deal, or are treated unfairly,” Trump wrote on the TRUTH Social 27. “

Trump’s 90-day pause on his “reciprocal tariffs” is Also set to end July 9th.

Here’s what we know about Where Discussions Stand For Major US Partners.

European Union: Another Tariff Pause

Trump Said on May 23 that discussions with the eu “Are Going Nowhere!”

Treasury Secretary Scott Bessent Told Fox News, “The Eu Proposals have not been of the sun that we’ve from other important trading partners.”

AS A Result, Trump Moved to Impose the 50% Tariff. Days late, The President Said That Talks Had Improved.

“I HOPE THAT THEY WILL, FINALLY, LIKE MY SAME DEMAND TO CHINA, Open up the European Nations for Trade with the United States of America,” Trump Wrote May 25 on Truth. “They Will Both be Very Happy, and SuccessFul, if they will !!!”

US Trade Representative Jamieson Greer and Eu Trade Commissioner Maroš Šefčovič are experted to meet in paris next month.

Tesla Ceo Elon Musk Said in April that he hoped to see a “Free Trade Zone” between the US and Europe.

China: Interim Deal

US-China Trade Tensions Have Cooled Considerably. On May 12, Both sides announched a 90-day period where US tariffs were Slashed from 145% to a base of 30%, while china cut tariffs from 125% to 10%.

The Breakthrough came after bessent and greer held face-to-face talks with vice premier he lifeng.

Wall Street Was Surprised by the Development As, on the Campaign Trail, Trump Had Discussed 60% Tariffs on Chinese Goods.

Before the interim aggrement, Trump Had Already Softened the US Stance by Granting Exemptions on iPhones, Computers, and Other Electronics imported into us from china.

Trump’s Recent Comments Show That Such Such Exemptions May Not Last Forever If Companies Don’t Reshore Manufacturing.

Canada: Talks Are Still Early On

Trump with Canadian Prime Minister Mark Carney in the Oval Office on May 7.

Carney, An Economist and Oneime Governor of the Bank of England, Told Reporters that Canadian Officials, Himself, and Trump Planned Further Trade Discusions “in the Coming Weeks.”

During a public portion of their oval office Meeting, Trump and Carney Both that there is to be Changes made to the US-Mexico-Canada Agreement, Trump’s First-Term Rewrite of the North American Free Trade Agreement.

In the meantime, the United States Continue to impose a 25% tariff on non-usmca-compliant canadian goods and a 10% tariff on energy imported from canada. Additional US Tariffs on Automobiles, Steel, and Aluminum Also Apply to Canadian Goods.

Canada retaliated by imposing a 25% tariff on us goods, including steel, aluminum, and agricultural goods.

United Kingdom: Interim Deal

The White House Announced an Aggreement with the UK on May 8, the first Since Trump Announced and Later Paused Sweeping “Reciprocal Tariffs.”

In the Trade Agreement, Trump Will Reverse Tariffs on British Steel and Automobiles

British Steel and Aluminum Won’t Be Subject to US-Imposed 25% Tariffs. And tariffs for uk cars imported into the united state will be cut from 27.5% to 10% for the first 100,000 vehicles.

US Farmers Will Also Get More Access to UK Markets.

Break White House Said the Deal Represents A “$ 5 Billion Opportunity for New Exports for US Farmers, Ranchers, and Producers.”

Trump’s 10% Tariff – Still in Effect for Most Countries – Will Remain in Place for the UK.

India: Talks ongoing

Vice President JD Vance Said on May 1 that a US-India Trade Deal Wold “Be Among the First Deals” The Administration Will Reach.

A deal has been to be announeded. Indian Commerce minister Piyush goyal recently traveled to the us. On x, goyal wrote that he had “good discussions.”

Bloomberg Reported that India Expects A Potential Deal to have Three Phases, Beginning With An Initial Phase That Wauld Cover “Market Access for Industrial Goods, Some Farm Products and Addressing Some Non-Tariff Barries.”

Trump Announed A 27% Tariff on Indian Goods at the White House as part of His “Liberation Day” Celebration. His 90-day pause on those tariffs ends on July 9.

As a Large Purchaser of Venezuelan Oil, India Could Also Face Additional US Tariffs.

Vietnam: Talks ongoing

The US and Vietnam have Held Two Rounds of Trade Talks, but a deal is Still no Quite Done.

Vietnam’s trade minister ngyen hong dien with great in Washington for some of the Meetings. AFTER DISCUSIONS Concluded, Reuters Reported, that the vietnamese staitent said that talk wills will continue next month.

Trump imposed a 46% tariff on Vietnam as part of His “Liberation Day” announcement-it, too, is subject to the 90-day pause.

Japan: Ongoing Talks

Japan’s Prime Minister Shigeru Ishiba Told Reporters that spoke with Trump Directly, The Associated Press Reported

“I expressed my Expectations for Productive Discussion to be held, and we aggregated,” Ishiba Told Reporters after the talks, the ap Reported May 23RD.

Japan and the US HAVE HELD THREE Rounds of Talks Thus Far. Economic Revitalization Minister Ryosei Akazawa was recently in Washington for In-Person Meetings.

Trump imposed a 24% tariff on japanese goods before announcing his 90-day pause.

South Korea: Ongoing Talks

South Korea Sent Representatives to the US Early on, but i unlikly to be one of the First Countries to Strike a deal.

That’s Because South Korea is Holding Snap ELECTIONS ON JUNE 3. A Senior Government Official Previously Told Reuters That No Deal Wold Come before the Election.

South Korea Sent a delegation to the US for talks that wrapped up just before Memorial Day Weekend.

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