Speaking during a dinner with Israeli PM Netanyahu, Donald Trump noted that countries unwilling to agree will receive tariff notices. Trump added some may get adjustments if they have valid reasons, stressing fairness in negotiations.
US President Donald Trump announced that the United States is nearing a trade agreement with India as part of his efforts to eliminate the trade deficit and assert US leverage through tariffs. Trump’s announcement comes as the US imposed tariffs on imports from fourteen countries in order to address its trade deficit with these nations.
“We are close to making a deal with India,” Trump told reporters during a private dinner with Israeli President Benjamin Netanyahu. “We’ve made a deal with the United Kingdom. We’ve made a deal with China.”
Trump suggested that while progress has been made with key partners, other nations unwilling to meet US terms will face new tariff notifications.
“Others we met with, and we don’t think we’re going to be able to make a deal, so we just send them a letter,” Trump said. “We’re sending out letters to various countries telling them how much tariffs they have to pay.”
While Trump did not provide details about the structure or scope of the potential deal with India, he hinted at flexibility for countries with legitimate concerns.
“Some will maybe adjust a little bit depending if they have a cause,” he added. “We’re not going to be unfair about it.”
On Monday, Trump expanded tariffs on imports from Japan, South Korea, Myanmar, Laos, South Africa, Kazakhstan, Malaysia, Tunisia, Indonesia, Bosnia, Bangladesh, Serbia, Cambodia, and Thailand.
The tariff slabs will come into effect from August 1. According to letters posted by Donald Trump on Truth Social, the United States will impose a new round of tariffs. South Korea and Japan will each face a 25% tariff. Myanmar and Laos are set to be hit with 40% tariffs, while South Africa will face a 30% tariff. Kazakhstan, Malaysia, and Tunisia will each be subject to 25% tariffs.
