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President Donald Trump warned that his 1 August deadline to make a trade deal with the US on Wednesday threatened several major countries with a large tariff growth.
“August first time limit August is the first time limit – it’s strong, and it will not be extended. A big day for America!” Trump wrote on Truth Social, using the all-cover.
Here are the major countries that still need to interact with the US on deals.
Canada
Trump sent a letter to Canadian Prime Minister Mark Carney, in which 35% tariff was threatened, if there was no deal, but the conversation has come to a standstill.
President Donald Trump says his August 1 deadline would not “be extended,” left many countries with a few hours to make a deal. (Aaron Shwartz/CNP/Bloomberg via Getty Image)
“We were really not much luck with Canada with our neighbor in north with our neighbor on Friday. I think Canada may be one where they would just pay the tariff. It’s not really a conversation.”
Carney himself said on Monday that the conversation had reached the “acute phase”.
“This is a complex interaction. You see with various business deals, which are agreed by other courts – the European Union tomorrow, before Japan, Indonesia, United Kingdom – that have many elements of these talks. We are engaged in them.
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According to the US Trade Representative (USTR), Canada is the third largest importer in the US, which is a total of $ 412.7 billion in 2024. The US exported $ 349.4 billion to Canada in the same year.
Mexico
Trump sent a similar letter to Mexican President Claudia Shinbaum earlier this month, threatening 30% tariffs.
President Donald Trump threatened 30% tariff against Mexico in a letter to Mexican President Claudia Shinbam. (AP Picture)
However, no deal has been done till Wednesday, nor has been vocal about the party where the conversation stands.
According to the USTR, Mexico is the US top source of imports, which is a total of $ 506 billion in 2024. Meanwhile, the US exported $ 334 billion to the country in the same year.
China
Treasury Secretary Scott Besent interacted with Chinese officials in Sweden this week and said on Tuesday that the talks were “very creative”.
He emphasized reporters that no final agreement was signed, however. Unlike most countries, China is facing the deadline of August 12 instead of August 1, giving them some more breathing room for dialogue.
“Nothing agrees until we talk with President Trump,” Besant told reporters.
Commerce Secretary Howard Lutnik says that the window is likely to grow for tariff talks with China. (Ton Molina/Bloomberg via Getty Image)
Commerce Secretary Howard Lutnik told Fox News on Monday that China’s deadline could be extended further compared to August 12, although the decision will be up to Trump.
South Korea
In a letter of July 7, Trump warned South Korean President Lee J. Mayung that if the deal was not done by August 1, the country would have to face 25% blanket tariffs.
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Lee’s office said at the end of last week that he was preparing a proposal. Lutnik met with three top Korean officials in Washington this week, although no news has come from the meeting.
Taiwan
Taiwan has not yet done to reach a business deal with the Trump administration, but Taipei has a delegation in Washington who is expecting to reach one before 1 August, the Reuters said on Wednesday.
If it does not deal, the self-conscious island is facing 32% tariff.
Taiwan officials are allegedly attempting to have a business deal before the August 1 deadline in Washington. (Getty image/royates)
“All relevant talks are still on,” a source familiar to the talks told Reuters, saying another, the negotiaters were still in the US.
“We hope that these dialogues will meet four objectives: protect national interests, protect industrial interests, ensure public health, and achieve food security. These objectives serve double objectives: promote balanced bilateral trade between Taiwan and America, and to increase cooperation in diverse fields such as technology and national security,” Taiwan’s cabinet said in a statement.
India
Trump has quickly closed the door on India, announcing the truth social that the country will face 25% tariff in the board starting on August 1.
“Remember, while India is our friend, we have, in the last few years, they are relatively low business because their tariffs are very high, which is the highest in the world, and they have the most loud and unpleasant non -modern business obstacles in any country. In addition, they are buying Russia’s biggest purchasing for everyone, – everything is not good!”
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“Therefore India will pay a tariff of 25%, as well as a fine for the above, starting from August. Thank you for drawing your attention on this matter. Maga!” He said.
Brazil
In July, Trump threatened a large scale blanket tariff on Brazil’s belongings to the first Brazilian President Luiz Eneasio Lula Dr. Silva.
President Donald Trump says that 50% tariff has been threatened on Brazil’s goods, which results in a “witch hunting” against former President Zaier Bolsonro. (AP Photo/Ivan Wukki and Everisto via Getti images through SA/AFP)
Trump credited a high rate to the prosecution of former Brazilian President Jair Bolsoro, which was many compared to Trump himself. The US President said Bolsono was a victim of a “witch hunting”.
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Lula’s rule has requested that America exempt some industries from tariffs, but a deal is not possible before 1 August.
