US Only Capai Kesepakatan Dengan 3 Negara Selama Jeda Tariff 90 Hari

JAKARTA - President of the United States (US) DonaldTrump has repeatedly claimed that every country wants to negotiate a trade agreement with its government.

However, during the 90-day break at an extensive rate, the US only managed to finalize an agreement with three countries.

On April 2, Trump announced a series of broad reciprocal rates, targeting countries with significant trade surplus with the US.

Reported by ANTARA from Anadolu, Wednesday, July 9, the tariff ranged from 10 percent to as high as 50 percent, sparking fears of a global trade war and causing turmoil in the financial market.

To ease tensions, the White House announced a 90-day hiatus to the implementation of tariffs for countries that have not retaliated.

However, the deadlock with China increased, with the US imposing additional tariffs so that the total tariff on Chinese goods reached 145 percent.

Beijing retaliated with a similar action. Trump said he could reach a 90-day deal, but the result was far from ambition.

On May 7, Trump announced a deal with what he called a respected state, which later exposed Britain to be the first country to sign a major trade deal with the US.

In the agreement, the US lowered the UK car fare to 10 percent for a maximum of 100,000 vehicles. Steel and aluminum quotas are also included, depending on certain requirements. However, the basic tariff of 10 percent remains in effect.

In return, Britain agreed to buy more beef and ethanol from America.

The trade war between the US and China eased after negotiations in Geneva in May, as the two countries agreed temporarily to lower reciprocal rates.

The US lowered tariffs on Chinese goods from 145 percent to 30 percent for 90 days, while China cut fares from 125 percent to 10 percent.

Further negotiations in London in June established a framework for the implementation of the Geneva deal.

Trump signaled a significant deal could also be reached with India by the end of last month, and at the same time, the US-China deal eased recession concerns, raising investors' interest in taking risks in the market.

In early July, Trump announced a third deal with Vietnam. Under the deal, Vietnam agreed to impose a 20 percent tariff on its exports, while products transiting through Vietnam from other countries will be charged a rate of 40 percent.

In return, US products will enter the Vietnamese market almost without import duties.

Vietnam previously received a reciprocal rate of 46 percent which was enforced since April 2.