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How Trump's Trade Negotiations Shift Tariffs Across Major ...
2025-07-31 16:55:10
Economy
Trading
Business

How Trump's Trade Negotiations Shift Tariffs Across Major Economies

The recent trade negotiations led by President Trump have resulted in significant shifts in tariffs and agreements with various countries. South Korea has successfully secured lower duties, enhancing their trade relations with the US.

In contrast, Brazil faces a hefty 50 percent tariff as Trump declines to endorse free trade agreements. India is similarly impacted, with new 25 percent import tariffs linked to its interactions with Russia.

Meanwhile, a trade deal with Pakistan aims to bolster its oil reserves while easing tariffs on exports to the US. Notably, the Philippines has benefited from tariff exemptions, significantly lowering import levies.

These developments illustrate a complex landscape of international trade, with investments and negotiations playing a crucial role in shaping economic partnerships.

Related news on that topic:

Trump's Tariff Strategy Targets Allies Amid Global Trade Shifts

Recent developments in global trade highlight the aggressive stance taken by US President Donald Trump, particularly regarding tariffs imposed on various countries. Trump has aimed to leverage tariffs as a tool of pressure against nations he perceives as not aligning with US interests. For instance, he has proposed a 25% tariff on India, linked to its trade ties with Russia amid the ongoing conflict in Ukraine. This move underscores a broader strategy to penalize nations that engage with Russia while simultaneously criticizing India's own high tariffs. In addition to India, Canada has found itself in Trump's crosshairs due to its impending recognition of Palestine. With a firm deadline set for August 1, Trump has threatened to impose a 35% tariff on Canadian goods if a trade agreement is not reached by then. This tactic illustrates Trump's willingness to intertwine international diplomacy with trade negotiations, using tariffs as leverage to influence foreign policy decisions. Moreover, Brazil faces a staggering 50% tariff, reflecting Trump's dissatisfaction with the country's political landscape and the actions of its former president. Other nations, including South Korea, are also subjected to tariffs, with agreements being contingent upon significant investments in the US economy. As the US continues to negotiate with major trading partners, including China, the looming threat of tariffs remains a central theme. This approach not only aims to reshape trade dynamics but also signals a shift in how the US engages with allies and adversaries alike.

How a New Trade Deal Reshapes US-South Korea Economic Relations

The recent trade agreement between the United States and South Korea marks a significant development in international commerce under President Donald Trump's administration. The deal sets a 15% tariff on South Korean imports, a rate lower than the initially proposed 25% tariff, thus averting potentially higher levies. This agreement not only focuses on tariffs but also includes substantial economic commitments from South Korea. Under the terms, South Korea will invest $350 billion in the U.S. economy, which encompasses $100 billion in purchases of liquefied natural gas and other energy products. This deal is seen as a strategic move, positioning South Korea on par with other countries that have negotiated similar trade terms. It highlights the collaborative efforts to strengthen economic ties while addressing protectionist measures. The agreement also reflects a broader trend of renegotiating trade terms across the Asia-Pacific region, following similar deals with Japan. Despite the positive aspects of this agreement, some sectors remain unaffected, such as the steel, aluminum, and copper industries, which retain their existing tariffs. The deal is poised to bolster the South Korean car industry by excluding duties on U.S. exports. Overall, the agreement is a testament to the intricate balancing act required in international trade negotiations. It aims to strike a harmonious balance between protecting domestic industries and fostering international economic partnerships. This trade deal serves as a pivotal example of how nations are navigating the complex landscape of global commerce in the face of shifting economic policies.

Read 36 more recent news on this topic

The press radar on this topic:

New York Times - Asia Pacific
31. Juli 2025 um 16:22

Murky Pledges of Investment Cast Shadow on Trump’s Trade Deals

President Trump's 'signing bonuses' or trade agreements with wealthy partners are being scrutinized for discrepancies in interpretation. Japan's commitment to invest $550 billion in the US, a key factor in securing a lower tariff rate, has been disputed between officials. The Japanese government claims it will offer a blend of investments and loans, while Trump stated that 90% of profits would go to the US.
Asia - South China Morning Post
31. Juli 2025 um 12:19

Did Philippines get low Trump tariffs, ‘exemptions’, from quiet talks?

The Philippines has secured tariff exemptions through quiet talks with the US, reducing the effective import levy on its exports from 19% to around 6.3%. The exemptions were granted following President Ferdinand Marcos Jr.'s state visit to Washington and will particularly benefit the electronics and semiconductors industry. Former senior lawmaker Joey Salceda attributed the successful negotiations to the president's 'very good and tough negotiator' reputation.
Deutsche Welle
31. Juli 2025 um 07:18

US and Pakistan strike trade deal to develop oil reserves

The US and Pakistan have reached a trade deal for Washington to help develop Islamabad's oil reserves. The agreement, announced by President Donald Trump, is expected to lower US tariffs on Pakistani exports. Pakistani officials said the deal was a 'win-win' situation, but details of the tariff rate and oil reserves involved were not immediately clear.
zeit
31. Juli 2025 um 01:43

US Tariffs: Trump Resolves Trade Dispute with South Korea

The United States announced numerous new tariffs and trade agreements on Wednesday. The negotiations included South Korea, which reached an agreement with US President Donald Trump for lower duties, as well as Pakistan, for which the flow of goods to the US will be eased. Brazil, on the other hand, is affected by tariffs of 50 percent as President Trump refused to sign free trade agreements. India has also been subjected to new import tariffs of 25 percent, which is attributed to the country's..
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