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U.S. Trade Negotiations Underway with EU and Japan as Tariff Deadlines Loom
U.S. Trade Negotiations Underway with EU and Japan as Tariff Deadlines Loom
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BTCCSquare news:
Treasury Secretary Scott Bessent emphasized that President TRUMP holds sole authority over extending trade negotiations, particularly with the European Union and Japan. The 10% surtax imposed on April 9 remains in effect, with a 90-day window for talks. Bessent noted U.S. Trade Representative Jamieson Greer is working intensively with EU officials, while Japan faces domestic constraints ahead of its July 20 upper house election.
Vietnam's trade deal has been finalized in principle, with the 20% tariff announced by President Trump not compounding the existing 10% universal levy. Market participants are monitoring these developments for potential impacts on global trade flows and currency markets.
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