The President of the USA, Donald Trump, created turbulence on the world's stock exchanges after presenting a tariff package on 2 April for a number of countries. A few days later, he introduced a 90-day tariff pause for the countries that had not retaliated against the US tariffs. Since the pause on 9 April, the USA has concluded trade agreements at a rapid pace. Here is the list, which is based on the news channel CNBC's compilation, of the agreements the USA has concluded, the settlements they have reached, and the agreements that remain:
Concluded agreements:
* EU – 15 percent: The EU and the USA reached a trade agreement on 27 July after many twists and turns and threats from the USA of 30 percent tariffs. The agreement means American import tariffs of 15 percent on goods from EU countries. Certain goods, such as steel and aluminum, are exempt from the agreement and remain at the previously higher tariff rate. The EU has also promised to invest hundreds of billions in the USA. When it comes to, among other things, medicines, the question of the tariff rate remains.
* Japan – 15 percent: Trump had initially threatened with 25 percent tariffs.
* The United Kingdom – 10 percent: An agreement was concluded with the USA in May and landed at 10 percent, from a previous tariff rate of 25 percent. The United Kingdom has received some relief in the tariffs on steel and aluminum, in exchange for investments in the USA.
* Vietnam – 20 percent: from a previous tariff rate of 46 percent.
* Indonesia – 19 percent: a reduction from the previous 32 percent.
* The Philippines – 19 percent: The agreement in July landed at 19 percent from the previous 20 percent.
* South Korea – 15 percent: from the previous 25 percent tariffs.
* China – 30 percent, but negotiations are ongoing
The meeting between trade delegations from the USA and China, which was held in Stockholm, ended without any trade agreement being reached. The tariff pause between the two countries currently applies until August 12. In May this year, China agreed to reduce tariffs on American goods from 125 percent to 10 percent, while the USA agreed to reduce tariffs from 145 percent to 30. If no agreement is reached, the USA threatens to respond again with 100 percent tariffs. China, however, has a strong negotiating card with its mining and production of rare earth metals.
Unconcluded agreements that remain:
* India: For imported goods from India, the USA threatens with tariffs of 25 percent.
* Canada: The USA has threatened with 35 percent tariffs for various goods and with increasing the tariff rate further.
* Mexico: On Thursday, Trump announced that the 30 percent tariffs will be postponed for three months. During the 90-day period, the 50 percent tariffs on metals such as steel, aluminum, and copper, and 25 percent on vehicles, still apply.
* Australia: For the country, the basic tariffs of 10 percent on all imported goods that Trump introduced in April this year apply. Trump has, however, threatened to raise the limit for the basic tariffs to 15-20 percent.
