On May 16, according to the Financial Times, US President Donald Trump said during a meeting with business executives in the United Arab Emirates on Friday that the United States may unilaterally set new tariff rates on many trading partners, rather than reach an agreement with all trading partners. Washington will impose new tariffs "in the next two to three weeks". Trump added that Treasury Secretary Vicente and Commerce Secretary Luthnik will "send out letters basically telling people how muc...
US Trade Representative Jamison Greer: Many countries have said they will not retaliate, and some have lowered tariffs.
US Trade Representative Jamison Greer: Many countries have said they will not retaliate, and some have lowered tariffs.
President Trump: Many countries may be granted tariff exemptions.
President Trump: Expect tariffs to remain in place in many countries; don't expect any exemptions or relief.
President Trump said he expected tariffs in many countries to remain unchanged and did not expect any exemptions.