Trump’s Tariff Tsunami: 12 Nations Hit, Full List Out!

Asianet News English

US President Trump unleashes a major trade move of 25% tariffs on Japan and South Korea, with official letters sent to 12 more nations. White House Press Secretary Karoline Leavitt confirmed the action, effective from August. Global markets react sharply as tensions rise.  #PresidentTrump #TariffTsunami #WhiteHouse #KarolineLeavitt #USATariffs #GlobalTrade #Japan #SouthKorea #BreakingNews #AugustDeadline #World  🔊 LIKE ➡ SHARE ➡ SUBSCRIBE  For More Updates:  English: https://newsable.asianetnews.com/  Hindi: https://hindi.asianetnews.com/  Malayalam: https://www.asianetnews.com/  Kannada: https://kannada.asianetnews.com/  Tamil: https://tamil.asianetnews.com/  Telugu: https://telugu.asianetnews.com/  Bengali: https://bangla.asianetnews.com/  Like us on Facebook: https://www.facebook.com/AsianetNewsa...  Follow us on Twitter:  https://twitter.com/AsianetNewsEN  Follow us on Instagram: https://www.instagram.com/ann.newsable/  ➡ If you like our video, give us a thumbs up and subscribe to our channel to get the daily dosage of news, entertainment, sports and more.

Transcript

00:00President said yesterday that countries will boomerang back to the April 2nd tariff level

00:04starting August 1st. Why did the president decide to have those tariffs not take effect Wednesday

00:11as originally scheduled? And I was also wondering if you could share, obviously we saw the letters

00:15the president sent out on Japan and South Korea, but if any other major U.S. trading partners are

00:20getting letters today. Sure, yes, I can confirm. In fact, I have those letters. If you could get me

00:24the folder with the letters in them, Liz, they're right in the previous office. I have the signed

00:28letters that went out to both South Korea and Japan today. And there will be approximately 12

00:34other countries that will receive notifications and letters directly from the president of the

00:39United States. And weeks ago, I stood at this podium and I told all of you that the president was going

00:44to create tailor-made trade plans for each and every country on this planet. And that's what this

00:50administration continues to be focused on. The president will also sign an executive order today

00:55delaying the July 9th deadline to August 1st. So the reciprocal tariff rate or these new rates that

01:00will be provided in this correspondence to these foreign leaders will be going out the door within

01:06the next month or deals will be made. And those countries continue to negotiate with the United

01:10States. We've seen a lot of positive developments in the right direction, but the administration,

01:16the president and his trade team want to cut the best deals for the American people and the American

01:21worker. That's what they're focused on. And in the effort of transparency, these letters will continue

01:25to be posted to True Social. So you can enjoy them yourself. As you see, we have these beautiful letters

01:30that the president has signed. This one is to the president of the Republic of Korea, original signature

01:37on that. And these will be mailed. And then here we also have another letter to the prime minister of

01:44Japan as well. Both countries will be receiving a 25 percent tariff rate effective on August 1st.

02:14than John-Kurdle. And he has already told the president of the United States. He's been

02:37working with the United States. So he's still working with him. He's been working with him.

02:40A couple more on the tariffs, you said about 12 more letters, there were about 55 or so

03:04countries including the EU as a bloc that were facing this tariff increase.

03:08All of those, to understand you correctly, are now deferred to August 1st, right?

03:11Correct.

03:12On the 12, what happens with the remaining whatever it would be, 40-something?

03:15So just 12 today, there will be additional letters in the coming days.

03:18So all of them are going to get a letter at some point?

03:20Correct.

03:21Okay, and can you tell me why he decided to start with South Korea and Japan?

03:24Are they annoying him?

03:26It's the President's prerogative, and those are the countries he chose.

03:31And on the sectoral tariffs, our understanding of these continue to be a separate track,

03:35we're still waiting on a bunch of them.

03:36That's right.

03:37Do you have a timing update on when he's going to move on, for instance, semiconductor tariffs

03:41and other things that are still in the office?

03:43I don't have a timing update, but for where they are in the process, I would defer you

03:46to the Department of Commerce.

03:47Do you expect deals, finally, as well?

03:49He announced this Vietnam deal.

03:50Are you close on any other countries?

03:52The President and the administration, yes, we are close.

03:54But again, the President wants to ensure these are the best deals possible.

03:58And I would add just one more thing on trade and tariffs to wrap it up.

04:02Look at the extensive work this President has put into cutting these good deals and doing

04:07what's right for the American worker.

04:09He is literally looking at the map and looking at every country on the planet and seeing where

04:14they are ripping off the American people, seeing where they have hollowed out our industrial

04:18base, seeing where our jobs have gone to other countries overseas because of their tariff

04:23policies.

04:24And he's trying to correct that.

04:26This is decades of bad trade policy that has led to a deficit that is ravaging our country,

04:31that is ravaging our middle class.

04:32And the President is taking a very deliberate approach to correcting this wrong of many decades,

04:38of many past presidents.

04:39And so I think he should be commended for the time and the effort that he is putting into

04:44this.

04:45And the fact that he has announced a framework with China, a trade deal with the United Kingdom,

04:51a trade deal with Vietnam, and many others to come in just a matter of six months, is

04:55truly historic.

04:56And it's a testament to this President and his trade team who are working around the clock

05:00to get this done.

05:01First, tariffs.

05:02The President announced last night that any countries aligning themselves with the anti-American

05:07policies of BRICS will be charged with an additional 10 percent tariff.

05:11Can you tell us more details on that?

05:12What specific policies is the President talking about here?

05:16What policies should countries stay away from to avoid being subject to additional tariffs?

05:20Sure.

05:21Well, the President feels, generally speaking, that BRICS is seeking to undermine the interests

05:24of the United States.

05:26It's the President's utmost responsibility to put the interests of the United States first.

05:30That's how he views his job as President.

05:32So he's going to ensure that America is fairly treated on the world stage, and he'll take

05:36any action necessary to prevent countries from taking advantage of the United States and

05:41our people.

05:42Given the fact — this is on the trade letters — given the fact that the President put

05:46into effect the tariffs on April 2nd and then put the pause into place, is the President

05:53at all concerned that these countries that are receiving the letters won't take them seriously

05:57because the deadline seems to have shifted already and may shift again?

06:01They will take the letters seriously because they have taken the President seriously.

06:06And that's why the President's phone, I can tell you, rings off the hook from world

06:10leaders all the time who are begging him to come to a deal.

06:16And this administration is working hard to ensure those deals are in the best interest

06:20of the American people.

06:22And this delay, again, is in the best interest of the American people.

06:24And you all will continue to see these letters released on the President's Truth Social.

06:28And we will see you all later.

06:29Thank you, guys.

06:30President, I'm Taras.

06:31What happened to 90 trade deals in 90 days?

06:36Oh, we've spoken to everybody.

06:38We know every — it's all done.

06:40I told you, I told you, we'll make some deals, but for the most part, we're going to

06:44send a letter.

06:45We're going to say, welcome to the United States if you'd like to participate in the

06:50greatest, most successful country ever.

06:53I mean, we're doing better than ever.

06:55We have — I don't think — and you're going to see these numbers soon.

06:58We've never had numbers like this.

07:00We've never had investment like this.

07:02We have more than 90.

07:03We're going to have much more than 90.

07:05But most of those are going to be sent a letter.

07:07This is exactly what I said.

07:08Now, we've made a deal with United Kingdom.

07:11We've made a deal with China.

07:13We've made a deal — we're close to making a deal with India.

07:16Others we met with, and we don't think we're going to be able to make a deal.

07:19So we just send them a letter.

07:20If you want to — if you want to play ball, you have to — this is what you have to pay.

07:24So we're — as far as I'm concerned, we're done.

07:28We're sending out letters to various countries telling them how much tariffs they have to pay.

07:32Some will maybe adjust a little bit, depending if they have a, you know, cause.

07:36We're — we're not going to be unfair about it.

07:38And actually, it's a small fraction compared to what we should be getting.

07:42We should be — we could be asking for much more.

07:45But for the sake of relationships that we've had with a lot of really good countries,

07:49we're doing the way I do it.

07:51But we could be getting a lot more.

07:54We could ask for a lot more than what we're asking for.

07:56—zonaic視聴ありがとうございました —

08:04—

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