Updates on Multinational Tariff Developments and Trade Agreements

Published: Jun 17, 2025 11:22

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Tariffs - ① Trump announced that the UK and the US had signed a trade agreement, and Lutnick would determine the exemption quotas for steel and aluminum tariffs. ② Reports claimed that the EU was prepared to conditionally accept a uniform 10% tariff imposed by the US, with the EU stating that such claims were speculative. ③ India and the US planned to sign an interim agreement before July 9. ④ The leaders of Japan and the US held a brief meeting during the G7 Summit, with the progress of trade negotiations remaining unclear. ⑤ Trump stated that the US-Canada agreement must include tariffs, while Canada expressed that tariffs on Canadian exports should be eliminated.

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