Threats, delays and confusion: 10 key points to understand another week of Trump tariff turmoil | Trump tariffs

Donald Trump intensified his commercial rhetoric this week, drawing more than 20 letters from the governments describing new prices if the agreements are not concluded by August 1.

In April, Trump announced a basic rate rate of 10% and additional tasks of up to 50% for many other countries, although he later delayed the date of entry into force for all tasks except 10% until July 9 after the panic of the market.

Trump officials initially suggested that they would conclude dozens of transactions with key savings by the deadline for July 9, but as the 90 -day break ends this week, the president announced a series of new prices for various countries, but has delayed their implementation until next month.

This is what happened:

• Trump informed Japan power suppliers, South Korea and a number of other nations At the start of this week, they will face prices of at least 25% from August unless they can quickly negotiate transactions.

• On Wednesday, he announced more prices on countries like the Philippines, Sri Lanka and Algeria, as well as a 50% rate on Brazil productsLinking the move to what he called the trial of the “witch hunt” against his former president, Jair Bolsonaro. Trump criticized the trial that Bolsonaro faces in an attempt to overthrow his electoral loss of 2022. Brazil president, Luiz Inácio Lula da Silva, threatened to retaliate with a 50% reciprocal rate on American goods.

• Trump announced on Thursday that the United States would impose a 35% rate on Canada importsDespite the ongoing negotiations and the decision of Prime Minister Mark Carney last month to cancel a tax on the digital services which was confronted with the criticism of the American president. Carney said his government would continue to defend workers and Canadian companies in their negotiations and work towards the deadline of August 1.

• Trump also said Thursday that a letter would be sent to the European UnionThe largest trading partner in the United States, “today or tomorrow”. Last week, the EU and the United States ended with a high-level “framework” agreement that would avoid prices of 50% on all the block exports.

• High tariff rates announced throughout the week vary from 25 to 50%With some of the most difficult samples imposed on developing countries in Southeast Southeast Asia, including 32% for Indonesia, 36% for Cambodia and Thailand and 40% in Laos and Myanmar, a country torn apart by years of civil war.

• During his first official visit to Asia, US Secretary of State Marco Rubio sought to reassure the regional powers of Washington’s engagement to themSaying that countries can obtain “better” trade agreements than the rest of the world. Before Rubio’s arrival in Kuala Lumpur, Malaysian Prime Minister Anwar Ibrahim sentenced the prices to the opening of a meeting of foreign ministers.

• Trump also promised to implement prices of up to 200% on foreign medicines and 50% on copper. Copper prices have reached a record in the United States after the announcement.

• US Treasury Secretary Scott Bessent said he was expecting several commercial announcements this weekBut to date, the United States has only obtained two agreements with business partners. The first with the United Kingdom, signed on May 8, includes a price of 10% on most British goods, including cars and zero prices for steel and aluminum. A second agreement was concluded with Vietnam last week which establishes a tariff of 20% for a large part of its exports, although not all details are clear, without published text.

• Trump said on Thursday that the prices had been “very welcome”, Adding that the stock market “has reached a new summit today”.

• The world’s stock markets largely increased the latest threats. Analysts say that traders now expect an agreement or another delay, while investors seem to wait for an agreement to be concluded or the prices come into play.