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Trump issues final trade deal threat

President Donald Trump has issued a new warning to countries that have not yet secured trade agreements with the United States, threatening tariffs of up to 20 percent just days before his self-imposed deadline. While meeting with British Prime Minister Keir Starmer in Scotland, Trump avoided specifics on potential price hikes for steel, aluminum, and pharmaceuticals, but emphasized his commitment to maintaining substantial tariffs. Recent deals with Japan, Indonesia, the Philippines, and the European Union reflect this approach, with the European Union agreeing to a 15 percent tariff on exports to the United States and pledging significant purchases of American energy and military equipment.

Trump's tough stance has drawn criticism from those who argue that increased tariffs will ultimately raise costs for American consumers. Despite concerns from economists about the impact on international alliances, both Trump and European Union leaders described the new agreement as a step toward rebalancing trade relations. Negotiations with other major economies, including India, Brazil, and South Korea, remain unresolved as the deadline approaches.

During his visit to Turnberry, Trump also addressed issues ranging from immigration to energy policy, criticizing wind turbines near his golf course and reiterating his administration's efforts to seal the United States border. The meetings and trade announcements come amid heightened political tensions and ongoing scrutiny of campaign spending and endorsements in the upcoming election.

Original article source: https://www.dailymail.co.uk/galleries/article-14948355/Trump-issues-final-trade-deal-threat.html
Source Id: 8789782830

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