New threats to resume trade war have been launched Monday by US President Donald Trump in more than thirteen countries, warning that they would face high duties if they do not agree on trade agreements by August 1st. In fact, the president targeted two of the closest allies in the US, Japan and South Korea, as well as Malaysia, Indonesia and South Africa. The New York Times writes that Trump has expanded the timeframe for dozens of other countries, signing an executive decree on Monday at noon that delayed the strict duties initially to be implemented on July 9th. In almost identical letters to the president of South Korea and the Prime Minister of Japan, Mr Trump wrote that these countries will face 25% tax on their exports next month, adding that “we have decided to move on with you, but only with more balanced and fair.” ‘You understand that the 25% percentage […]
Source: News Beast
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