| 🚨White House Trade Announcements President Trump Announces Major Trade Deal with Japan On Tuesday evening, July 22, President Trump revealed a landmark trade agreement between the U.S. and Japan. Under this deal: Japan will pay reciprocal tariffs of 15% on certain U.S. imports. Japan has also agreed to invest $550 billion into the U.S. economy. 90% of profits from these investments will remain in the U.S. Japan will open key markets to American exports, including cars, trucks, rice, and other agricultural products. “This is a historic win for the American economy,” President Trump said during the announcement. |
| 🌏 Global Trade Updates 🇮🇩 U.S.-Indonesia Agreement Finalized Also on July 22, the Trump Administration confirmed a reciprocal trade deal with Indonesia. Key terms of the agreement include: 19% reciprocal tariff structure Additional details can be found in the official fact sheet 🇪🇺 EU Negotiations Near Conclusion The U.S. and EU are reportedly on the verge of finalizing a deal that would: Lower tariffs to 15% on EU imports Avert a retaliatory package by the EU, which has prepared measures targeting over $100 billion in U.S. goods if no agreement is reached 🇮🇳🇨🇦 India & Canada Talks Ongoing Negotiations with India and Canada are still in progress. The U.S. is pushing for higher tariffs in both cases, with formal announcements expected in the coming weeks. 🇧🇷 Brazil: August 1 Deadline Looms Tensions rise as Brazil approaches the critical August 1 deadline. Key issues include: Outcome of the Bolsonaro trial The trajectory of ongoing trade talks The possibility of retaliatory tariffs, which could impact both countries’ economies |
| 🇨🇳 China Deadline Extended to August 12 Negotiations between the U.S. and China remain fluid. As reported by MSN: “Earlier in the month, the two countries reached a temporary agreement designed to give them time to negotiate a longer-term deal. Under that agreement, U.S. tariffs of 145% on Chinese goods will be reinstated on Aug. 12 if a deal isn’t reached. Chinese tariffs on U.S. goods are expected to rise back to 125% as well.” A senior Trump official has suggested that this deadline could be pushed back further if negotiations continue to show progress. |
