President Trump's trade policy is characterized by unpredictability, highlighted by letters to foreign leaders detailing intended tariff rates effective August 1. These letters signify a radical approach to trade, imposing substantial tariffs while leaving room for negotiation to lower rates. Tariffs range from 10% to 50%, reflecting an aggressive stance on trade barriers. Although intended to create deals within a 90-day pause, only one deal with the U.K. has been completed thus far, along with a vague announcement regarding Vietnam, leaving many countries still at risk of higher rates.
President Trump's trade policy exemplifies unpredictability, as shown by the recent letters to foreign leaders detailing potential tariff rates to be imposed starting August 1.
The letters reveal a radical shift in trade policy, with significant tariff rates being applied to a growing list of countries, while still allowing for negotiation.
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