New Delhi: As global trade tensions escalate, President Donald Trump is spearheading a flurry of diplomatic efforts with Vietnam, India, and Israel in a bid to negotiate trade deals that could mitigate the impending imposition of steep tariffs. The move comes amid a broader strategy aimed at reshaping America’s economic landscape.
At the heart of these negotiations are tariffs set to take effect on April 9, which include a 46% duty on Vietnamese goods, 27% on Indian exports (though some sources indicate a potential 26%), and 17% on Israeli imports. These tariffs are part of a larger plan to enforce “reciprocal trade” policies, marking a significant shift in global trade dynamics.
The talks are crucial not only for the involved countries but also as a strategic starting point for more extensive trade negotiations. The US aims to leverage these tariffs to strengthen its negotiating position with other nations. Meanwhile, major trading partners like China and Canada have threatened to retaliate, signaling a potential trade war.
In recent developments, US Secretary of State Marco Rubio engaged in discussions with Israeli Prime Minister Benjamin Netanyahu regarding the tariffs. Netanyahu is expected to visit the White House soon, where the 17% tariff on unspecified Israeli goods will likely be a key agenda item. Vietnam, facing a substantial 46% tariff, has expressed willingness to reduce U.S. tariffs to zero if a deal is reached, marking a significant concession.
President Trump has emphasized that the tariffs give the U.S. substantial negotiating power. He noted that while Indian Prime Minister Modi is a friend, India imposes a 52% tariff on U.S. goods, highlighting a longstanding imbalance. The ongoing talks suggest a willingness to negotiate despite earlier assertions that the tariffs were non-negotiable.
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