US threatens maximum tariffs as it takes tougher line on trade talks

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The United States says it will impose the utmost tariff against countries that are not negotiating “in good faith” because it provokes a more aggressive tone in commercial talks.

Treasury Secretary, Scott Payette, said on Sunday that the customs tariff rates will return to the levels announced by president Donald Trump on April 2, when his intention announced the “liberation” of the United States from an unfair commercial system.

The Treasury Secretary told NBC:

He added: “Some countries were 10 percent, and some were much higher.” If you don’t want to negotiate, it will return to the second level of April. ”

The difficult line shows the extent of customs tariff negotiations, and contradicts the conversion of President Donald Trump recently that the two countries were accelerating to negotiate with Washington.

Trump said on April 2 that the 10 percent tax will be applied to almost all imports, but he also announced that the “mutual” customs fees are invaded in revenge on the fees on American exports.

After the announcement of last month, the American definitions on Chinese goods reached 145 percent. But on Monday, the two countries signed a deal to reduce customs tariffs on each other’s commodities for at least 90 days, with the drop in the additional fees imposed by the United States on China this year to 30 percent and China’s decline to 10 percent.

Southeast Asian export centers were also wounded on April 2, when Trump claimed that the United States would be liberated from the yoke of unfair commercial restrictions. Cambodia was given a “mutual” rate of 49 percent, followed by Laos, 48 ​​percent and Vietnam by 46 percent.

Mexico and Canada, which is often emitted from Trump on trade, escapes from mutual definitions. The duties of 25 percent for goods that are not compatible with the terms of the commercial deal for 2020 USMCA with the United States remained in place.

The UK has become earlier this month the first country to face a deal with Trump since he launched his commercial war, as he obtained discounts on tariffs on car and steel exports, but he failed to reflect a flat tax by 10 percent that apply to most goods.

Pisent on Sunday, was disposed of against Wal -Mart, who said it would raise prices due to the tariffs imposed by Washington.

The Treasury Secretary said that he spoke to the CEO of Wall Mart and that the retail seller “would eat some definitions”, Eching comments from Trump on social media on Saturday. Walmart refused to comment on Bessent’s comments, but he said during the weekend that she “has always worked to maintain our prices as low as possible.”

Bessent also sought to repress concerns about MOODY decision on Friday to reduce the American credit rating from the Triple-A to AA1 level, noting the high levels of government debt and budget deficit.

“Moody’s is a backward indicator. I think this is what everyone thinks of credit agencies,” said Pesin, as he sought to blame former President Joe Biden.

“It is the Biden administration and the spending that we have seen over the past four years,” Bessin added. “We are determined to reduce spending and develop economics.”

Participated in additional reports of James Politi, Antoine Gara and Gregory Meyer