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International Business Times
International Business Times
Business

FORGOTTEN HISTORY: What is the status of us tariff negotiations | History Defined

US President Donald Trump unveiled tariffs customized to dozens of trading partners in April 2025, as the White House slammed a lack of 'reciprocity' in trade ties (Credit: AFP)

US tariff negotiations with key trading partners have shifted into high gear as economies race to avoid steeper duties before an August 1 deadline.

Many of these tariff hikes were part of a package first announced in April, under which dozens of economies were due to face higher levies -- up from a 10 percent level -- over their trade surpluses with the United States.

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