According to CNN, US President Donald Trump talked about modifying tariffs with delegates from Vietnam, India, and Israel.
A person close to the discussions has revealed that Trump is communicating with envoys from Vietnam, India, and Israel regarding separate trade pacts. These deals aim to mitigate potential tariffs suggested for those nations ahead of the April 9 deadline when the duties would otherwise take effect.
The report indicates that Trump's dealings with these nations form only a portion of his larger objectives concerning tariffs and represent the initial phase of negotiations. These countries are currently devising approaches to counter the moves made by the U.S. leader. Notably, both China and Canada have disclosed their intentions regarding reprisal measures.
Even though senior officials like Trade Representative Peter Navarro and Vice President J.D. Vance claimed that the new tariffs mark a shift in global trade policy, members of Trump’s team have admitted that he leans towards striking deals.
I wouldn't want to be the final nation attempting to strike a deal with @realdonaldtrump," President Donald Trump's son, Eric Trump, wrote on social media. "The country that leads the negotiations will come out victorious, whereas the one that lags behind will undoubtedly face defeat. This scenario is something I've witnessed throughout my lifetime.
Furthermore, the American president declared yesterday that he is receptive to discussions about trade.
Every nation has reached out to us. This is one of the advantages of our work; we take charge," Trump stated to journalists onboard Air Force One. "Provided they offer us favorable terms—TikTok serves as an illustration here. If China agrees to greenlight a deal, perhaps they'll request assistance regarding tariff adjustments. These tariffs provide us significant leverage during negotiations. We've always had this advantage.
US Tariffs
On April 2nd, U.S. President Donald Trump declared new reciprocal import duties which might considerably impact worldwide markets and pricing. These measures apply broadly across different nations globally. Among them, China faces the steepest increase with a 34% tariff levied against it. Notably, Russia and Belarus have been exempted from this policy; however, Ukraine is subject to these changes.