'He's taxing us': Trump makes new tariff threats

Trade Policy & International Relations - The administration is considering new tariff rates between 25% and 40% on imports from 14 countries, including key allies like Japan and South Korea [1] - The President issued an executive order making the new tariff rates official, with a new deadline of August 1st for countries to lock in trade agreements [1] - The Treasury Secretary mentioned the possibility of countries returning to the April 2nd reciprocal tariff levels, citing new offers and proposals [1] - The administration initially promised 90 trade deals in 90 days, but has only achieved three so-called deals, which are more like frameworks [1] - Conflicting statements from the President and his cabinet members have created confusion regarding the status of trade and tariffs [1] - Many countries have not even contacted the US regarding trade negotiations, despite the US being a world superpower [1] - The President's trade strategy is described as inconsistent and difficult for businesses and nations to understand [1] - Japan's chief trade negotiator was unable to secure a meeting with the Treasury Secretary, despite being in town [2] - South Korea was hit with a 25% tariff despite having a free trade agreement with the United States that already eliminates tariffs on most goods [2] - The President has reportedly changed his mind about trade policies numerous times [2] China Trade Relations - The Treasury Secretary is expected to meet with Chinese officials sometime next week [6] - The administration believes many goods have been shipped to China and then to other countries to avoid existing tariffs [7] - The administration's tariff rates are generally in line with those announced on Liberation Day in April [7] - The President views trade as a crucial tool for both trade and national security, citing its use in bringing a ceasefire between Pakistan and India [9][10]