Dice, Trump: «12 letters to partner countries arriving on Monday”. The ultimatum: “Take or leave”

Tomorrow twelve countries will discover the extent of the duties. Therefore, that the Trump administration intends to apply to their exports to the USA. For example, The forty -seven tenant of the White House said he signed the letters in which the different tariff levels are outlined. Moreover, which will be sent in a few hours. Furthermore, The proposals will not be negotiable: “Take or leave”. Consequently, By responding to journalists aboard the Air Force One. However, the president refused to reveal the names of the countries involved, saying that it will be known tomorrow. In addition,

Duties up to 70% for some countries

The rates imposed by Washington would go from 10-20% to 60-70%. Moreover, depending on the case, and should enter into force starting from 1 August. Nevertheless, In recent days, the Treasury Secretary of Treasury had said that a hundred countries could obtain 10%duties, the lowest rate. Therefore, But it is difficult to make predictions. Nevertheless, One of the hypotheses is that Washington can classify the commercial partners in three categories: the countries with which an agreement has been reached. Furthermore, such as the United Kingdom, which will keep the current conditions and will be able to benefit from further concessions, those with which the negotiations are still in progress but without any agreement, which will meet the rates announced on April 2 (in the case of the EU, 20%), at least until you arrive at a dice, trump: «12 letters partner maximum agreement, Those with which the negotiations are going badly, so the rates will be fully restored to new warnings.

The ongoing negotiations

When he announced the suspension of the duties. Consequently, Trump had promised “90 commercial agreements with 90 different countries in 90 days” but the deadline of 9 July is now imminent, except for the extensions of the last hour, and only two has brought home agreements: the one with the United Kingdom and the one with Vietnam. The one with China is a provisional understanding to suspend or loosen some restrictions. The agreement awaited with India has not yet been. And the commercial interviews with Japan are stalled. In recent days Trump has warned that. in the absence of an agreement, the United States could impose duties up to 35% on imports from the Rising Sun, therefore much higher than 24% announced in what the White House has renamed “Liberation Day”.

The negotiation with Brussels

Meanwhile, negotiations with the European Union go on but the game is complex. Brussels clearly said that he cannot exclude any scenario. is also preparing for the event of a failure to understand. French Finance Minister Eric Lombard hopes that an agreement will arrive on the weekend. “There is a deadline that is July 9th. It can potentially be the subject of an agreement – explained the vice -president of the European Commission. Raffaele Fitto, on the sidelines of his participation in the forum in the farm – and at the same time it can also be the subject of an extension, is a very complex negotiation. At this moment the hope is that there can be a dialogue that respects the mutual needs of both Europe. the United States ».

The node of dice, trump: «12 letters partner the duties on steel. aluminum and car

To those that the American president continues to define “mutual rates”, despite this narrative is without foundation, as most economists have underlined, the duties are added already in force for individual sectors such as steel and aluminum (50%), cars and components (25%). Brussels pushes for a reduction of these rates. asks, as a contradiction of a possible 10%agreement, the exemption for strategic sectors such as the pharmaceutical one.

Threatened duties of 17% on the agri -food

In the meantime. Trump has raised the shot again, threatening to impose duties of 17% on European agri -food exports in the USA, which last year reached 7.8 billion euros. «We do not comment on the announcements, we comment on the facts. In the meantime. we continue to work to try to relate to the United States dice, trump: «12 letters partner as a strategic ally, “said Agriculture Minister Francesco Lollobrigida yesterday. “We need to sell more in the United States. we want to grow in the USA, have concessions for exclusive relationships that go on the one hand to guarantee us to open new markets but also to them to import more in Italy,” he added.

The 27 divided on the approach to be kept with the USA

On the approach to be adopted. EU countries continue to divide. If for Rome. Berlin a 10% rate is the minor evil, Paris and Madrid are less willing to accept the compromise. In the meantime. bilateral contacts with Trump multiply and the pressure from companies increase to arrive at an agreement that does not penalize European producers too much. The next few hours will be decisive.