President Donald Trump’s radical prices on countries around the world, including a 104% levy on Chinese imports, came into force on Wednesday, considerably modifying the World Trade Landscape.
Trump also said that he would announce prices on pharmaceuticals “very soon”, in the comments made during the dinner of the National Committee of the Republican Congress on Tuesday.
Countries are still working to negotiate with the United States, although agreements should take time because nearly 70 nations have approached the White House, if they occur.
“We do not necessarily want to conclude an agreement with them. We are happy with the way we are, taking our 2 billion dollars a day, but they want to conclude an agreement with us,” Trump said at the dinner of the National Republican Congress Committee on Tuesday.
The Treasury Scott Bessent suggested that commercial discussions could last in June because it predicted a few months of negotiations occupied to come, in an interview with Fox News.
The white house press secretary Karoline Leavitt said that no delay or extension was expected during a press briefing on Tuesday afternoon. “The era of American economic surrender is over,” she said, adding that nearly 70 countries have contacted Trump to negotiate prices.
