The evidence is mounting that the US isn’t interested in getting to 0% tariffs.
Kyodo reported about 3 hours ago:
- US rejects request for full exemption from reciprocal tariffs
- US would consider lowering 14% tariff rate due to resume on July 9
- US side stressed that it will only consider extending 10% tariffs or lowering 14% rate depending on progress of talks
I’m having a hard time seeing how we ever get broad trade deals.
This article was written by Adam Button at www.forexlive.com.