Trump announces new trade deals with Japan, the Philippines, Indonesia
發佈日期: 2025-07-23 23:36
TVB News
China's Commerce Ministry today made an announcement, which says Vice Premier He Lifeng will hold the next round of economic and trade talks with U.S. officials in Sweden from July 27th to 30th.
This as U.S. President Donald Trump said he had struck a deal with Japan and revised trade terms with the Philippines and Indonesia ahead of a looming August 1st deadline for new tariffs.
Donald Trump declared on Tuesday that he just signed what he called "the largest trade deal in history with Japan."
It will slash the U.S. tariffs on all imported Japanese goods from 25 percent to 15 percent in exchange for its commitment to a 550-billion-dollar package of U.S.-bound investment and loans.
Specifically, for Japan's auto sector, which accounts for over a quarter of the country's U.S. exports, the original 25 percent tariff is halved to 12.5 percent under the terms of the agreement.
Combined with a 2.5 percent "Most Favoured Nation" base tariff, the total auto levy will be 15 percent.
Posting on Truth Social, Trump claimed Japan also agreed to open its market to a broader range of American goods including vehicles, trucks, rice, and certain agroproducts.
NHK reported that the 50 percent tariff on steel and aluminium will stay.
Japanese Prime Minister Shigeru Ishiba said the pact was a product of tough negotiations to protect national interest and that it would benefit both sides as they work together to create more jobs and investment.
Also on Tuesday, Trump discussed trade and security issues with visiting Philippine President Ferdinand Marcos, Jr. at the White House.
He announced after the meeting that Washington's "reciprocal tariffs" on Manila would be slightly lowered to 19 percent from 20 percent previously.
In return, the Philippines would open its market and have "zero tariffs" on U.S. goods.
Ferdinand Marcos, Jr. said: "We managed to bring down the 20 percent tariff rate for Philippines to 19. Now, one percent might seem like a very small concession. However, when you put it into - in real terms, it is a significant achievement."
In a statement issued by the White House, the U.S. and Indonesia have agreed to a framework for a trade agreement that sets 19 percent taxes on Indonesian imports.
The agreement eliminates about 99 percent of trade barriers for U.S. industrial, food and agricultural exports in the Southeast Asian country.
Meanwhile, Indonesia will lift restrictions on critical minerals and other industrial commodities exported to the U.S., and immediately drop its plans to impose tariffs on internet data flows.
