Vietnamese companies appeal to Trump for tariffs
American and Vietnamese companies have asked the Trump administration to postpone the 46 percent tariffs that are to be imposed on the country, Reuters reports.
They express concern that the tariffs will hit the companies. In a letter from the Vietnamese Ministry of Commerce to the United States, it is written that the tariffs were "shockingly high" and that it is low tariffs that help consumers.
Vietnam is a major producer of various goods that are important to Western companies, and the United States is their largest trading partner. Donald Trump and Vietnamese leader To Lam have discussed a separate agreement to remove the tariffs.
American agriculture trembles before the tariffs: "Already going backwards as it is"
Donald Trump's broad tariffs have caused American farmers to prepare to receive less than planned payment for their crops and to lose ground in foreign markets, writes AFP.
– We are already going backwards as it is, says Jim Martin, a fifth-generation farmer who grows corn and soybeans.
At least half of US soybean exports and an even larger share of sorghum exports go to China, which this week announced tariffs of 34 percent on all American goods in response to US tariffs.
Farmer Michael Slattery notes that the tariffs mean that China's incentives to import American agricultural products are now reduced.
– It will be much cheaper to buy from Mexico, he notes.
In addition to reduced sales, farmers are also affected by the fact that the tariffs make purchases of machinery and fertilizer, for example, more expensive.
Starmer: "The world as we know it is gone"
The world as we know it is gone. This is what British Prime Minister Keir Starmer writes in a text for The Telegraph.
Old values can no longer be taken for granted. When it comes to Donald Trump’s tariffs, the immediate priority is to stay calm and get a good deal, Starmer writes. He promises to do everything he can to protect Britain’s national interests against Trump’s trade war.
“The economic consequences here and around the world will be profound,” he continues.
Another leader who is focusing on national interests is Italian Prime Minister Giorgia Meloni. She also promises to protect Italian companies affected by Trump’s tariffs, Reuters reports.
“We are ready to use all the tools necessary to support our companies and sectors that could be penalized,” Meloni says in a video to the Italian Congress.
American and Vietnamese companies have asked the Trump administration to postpone the 46 percent tariffs that are to be imposed on the country, Reuters reports.
They express concern that the tariffs will hit the companies. In a letter from the Vietnamese Ministry of Commerce to the United States, it is written that the tariffs were "shockingly high" and that it is low tariffs that help consumers.
Vietnam is a major producer of various goods that are important to Western companies, and the United States is their largest trading partner. Donald Trump and Vietnamese leader To Lam have discussed a separate agreement to remove the tariffs.
American agriculture trembles before the tariffs: "Already going backwards as it is"
Donald Trump's broad tariffs have caused American farmers to prepare to receive less than planned payment for their crops and to lose ground in foreign markets, writes AFP.
– We are already going backwards as it is, says Jim Martin, a fifth-generation farmer who grows corn and soybeans.
At least half of US soybean exports and an even larger share of sorghum exports go to China, which this week announced tariffs of 34 percent on all American goods in response to US tariffs.
Farmer Michael Slattery notes that the tariffs mean that China's incentives to import American agricultural products are now reduced.
– It will be much cheaper to buy from Mexico, he notes.
In addition to reduced sales, farmers are also affected by the fact that the tariffs make purchases of machinery and fertilizer, for example, more expensive.
Starmer: "The world as we know it is gone"
The world as we know it is gone. This is what British Prime Minister Keir Starmer writes in a text for The Telegraph.
Old values can no longer be taken for granted. When it comes to Donald Trump’s tariffs, the immediate priority is to stay calm and get a good deal, Starmer writes. He promises to do everything he can to protect Britain’s national interests against Trump’s trade war.
“The economic consequences here and around the world will be profound,” he continues.
Another leader who is focusing on national interests is Italian Prime Minister Giorgia Meloni. She also promises to protect Italian companies affected by Trump’s tariffs, Reuters reports.
“We are ready to use all the tools necessary to support our companies and sectors that could be penalized,” Meloni says in a video to the Italian Congress.
Inga kommentarer:
Skicka en kommentar