Key Points

Trump urged countries to keep negotiating ahead of the August 1 tariff deadline, claiming the US has been exploited for years. He delayed South Korean tariffs to allow more talks while pushing for fairer trade terms. The US and South Korea discussed modernizing their alliance amid rising tensions with China. Trump emphasized reducing trade deficits and rebuilding American manufacturing.

Key Points: Trump Urges Hard Work in Trade Talks Before August 1 Tariff Deadline

  • Trump pushes for trade deal progress before August 1 deadline
  • Warns allies and rivals over unfair trade practices
  • Delays South Korea tariffs to allow more talks
  • Aims to reduce US deficits and boost manufacturing
2 min read

Keep working hard in tariff talks ahead of August 1 deadline: Trump tells countries

Trump warns countries to negotiate hard ahead of August 1 tariffs, citing years of unfair trade practices by allies and rivals.

"Just keep working hard. We've been taken advantage of for many years by countries, both friend and foe. – Donald Trump"

Washington, July 12

US President Donald Trump has advised countries in ongoing trade talks with his administration to "just keep working hard" ahead of the August 1 negotiation deadline, repeating his claim that America has been taken advantage of by "both friend and foe" for many years.

Trump made the remarks before departing for a flood-ravaged area in Texas, as South Korea, Japan and other countries strive to reach deals with the United States to avoid or minimize the impact of steep "reciprocal" tariffs that are set to take effect on August 1, reports Yonhap news agency.

"I think just keep working hard. You know, we've been taken advantage of for many, many years by countries, both friend and foe. And frankly, the friends have been worse than the foes in many cases," he said during a press availability at the White House.

"So I would say, 'Just keep working.' It's all going to work out," he added.

On Monday, Trump sent a letter addressed to South Korean President Lee Jae Myung, saying that the U.S. will start imposing 25 percent tariffs on South Korean products on August 1 -- rather than Wednesday, when the reciprocal tariffs were initially set to take effect following a 90-day pause.

He announced the new tariff plan in April as part of a drive to address trade barriers to U.S. goods, reduce U.S. trade deficits and rebuild American manufacturing.

Meanwhile, South Korea and the United States held talks this week in Seoul to discuss ways to "modernize" the bilateral alliance in a "mutually beneficial" manner and strengthen it into a "future-oriented" and "comprehensive strategic" one, the two sides said.

The consultations came as Trump administration has been calling on allies and partners to bolster their "burden sharing" while striving to prioritize deterring the "pacing threat" from an increasingly assertive China.

"The two sides discussed ways to strengthen the US-ROK Alliance into a future-oriented, comprehensive strategic alliance, and to modernize the Alliance in a mutually beneficial manner in the face of an evolving regional security environment," the two countries' joint press release read.

- IANS

Share this article:

Reader Comments

P
Priya S
The US always talks about free trade but imposes tariffs when it suits them. India should strengthen trade ties with other Asian countries to reduce dependence on the US market. #MakeInIndia initiative becomes even more important now!
A
Arjun K
This is typical Trump style - unpredictable and aggressive. While India has managed trade relations well so far, our negotiators need to be extra careful. The IT sector might be particularly vulnerable to such tariff wars.
S
Sarah B
As an American working in India, I see both sides. The US does need fairer trade deals, but this heavy-handed approach isn't the solution. Hope both countries can find middle ground that benefits workers in both nations 🤝
V
Vikram M
India should use this opportunity to boost domestic manufacturing and reduce imports from the US. Why can't we make more of these products here? The PLI schemes are good but implementation needs to be faster.
K
Kavya N
The timing is worrying with global economy already struggling. India's exports to US crossed $76 billion last year - we can't afford disruptions. Government should prepare contingency plans for our exporters.
M
Michael C
Respectfully disagree with Trump's approach. Trade wars hurt everyone in the long run. India and US have much to gain from cooperation rather than

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50