President Trump’s trade policy Has been unpredictableAnd this continues with letters that he is writing to foreign leaders, which informs them about tariff rates that he intends to impose on the goods of his countries on 1 August.

Letters represent a radical approach to trade policy, the presidents establish large scale tariff rates in the growing list of countries. They do not make policy certainty; Trump told himself at a point that August 1 is “100% firm,” only A day later. Letters also leave the place for dialogue, telling countries that new rates can be reduced if countries get rid of business obstacles, such as their own tariffs or rules. (To make new letters so radical, for a broader explanation, Click hereTo observe Trump’s tariff so far, Click here,

The letter is a outbreak of global tariffs Trump, which is first planted on April 2, with rates ranging from 10% to 50%. After nervous in the markets, Trump returned the tariffs, established 10% across the board, which he called the 90-day “stagnation”. He said that during those 90 days, he would do tariff deals with dozens of countries.

After those 90 days on July 9, the rates will return to their April 2 level for any country without new tariff deals. Thus, Trump has signed only one deal, along with Britain he has also announced a deal with Vietnam but has not released any details on it.

Trip rates below have announced so far in their letters, as well as a deal. He has signed And this Other he has announcedIt also shows how larger these business partners are from the value of imports purchased from them last year, as well as American trade deficit or surplus with them. A trade deficit occurs when the US imports more than a country, as it exports them. A surplus is reverse.