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@vcococ
TARIFF UPDATE Trump finalizes tariffs with the Philippines, Indonesia and especially Japan - a deal he calls the biggest ever. 🇯🇵 Japan - 15% - In exchange for a 15% tariff, Japan has pledged to invest $550 billion in the US. 90% of the profits from this investment will go to the US. - Opens its market to US goods including cars, trucks, rice, agricultural products and other items. - The deal is expected to create hundreds of thousands of jobs for Americans. - In return, 15% is a very low tariff compared to the previous threat of 25%. 🇮🇩 Indonesia - 19% - The detailed terms of the deal reached more than a week ago have been announced. - Accordingly, Indonesia will open its market to US industrial, technological and agricultural products by removing 99% of its tariff barriers.
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🇵🇠Philippines - 19% - Open the market and do not impose import taxes on US goods. - In addition, the two countries will also cooperate in the military field. Similar to Indonesia, the Philippines will be subject to a 19% US tax (down from the 20% threat letter) 🇨🇳US - China 3rd negotiation - Finance Minister Scott Bessent said US and Chinese officials will meet in Stockholm (Sweden) next week - The discussion is to extend the time to impose tariffs on Chinese goods to August 12.
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