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A look at some of the countries where Trump’s trade talks are stalled
Director Kevin Hassett of the Nationwide Financial Council discusses the brand new commerce agreements of President Donald Trump, the Federal Reserve and extra about ‘Kudlow’.
President Donald Trump’s The novel charges are coming into drive this week, there are a handful of nations that also should agree with a commerce settlement.
Within the days previous to the Deadline of Augustus, Trump unveiled a wave of huge commerce agreements with necessary American companions, together with Japan, the UK, the European Union and South Korea.
Trump’s worldwide reset of trade relationships will remain in the spotlight this week
Nations that haven’t but closed a deal, or a minimum of outlined circumstances, are confronted with import duties starting from 10% to 40%. The Trump authorities has entered the momentary truts with Mexico and China to present their commerce groups time to maintain negotiating.
Here’s a take a look at a few of the finest buying and selling companions in America who nonetheless have to shut a deal.
India

President Donald Trump speaks with the press whereas he meets Indian Prime Minister Narendra Modi within the Oval Workplace of the White Home in Washington, DC, on February 13, 2025. (Jim Watson / AFP by way of Getty Photos / Getty photos)
On Monday, Trump stated he would choose up “significantly” charges On imported Indian items, referring to the continual buy of New Delhi and resale of sanctioned Russian oil on the open market.
Trump argued that the apply of India to purchase and resell the Russian crude oil on the world market helps in supporting Moscow’s struggle economic system within the midst of Western sanctions. The stroll in duties Signifies an rising hole between New Delhi and Washington.
A shady fleet of ‘Ghost Ships’ is the transport of Russian oil to Indian ports
“They feed the struggle machine, and in the event that they try this, I can’t be comfortable,” Trump advised CNBC in an interview on Tuesday.
He added that the protectionist business practices of India and excessive charges have been early adhesive factors within the negotiations between Washington and New Delhi.
“India has gone of the best charges ever. They may give us zero charges, and they’re going to allow us to go in. However that is not adequate due to what they do with oil,” he stated.
Trump hits India with a 25% charge on the oil purchases of Russia
India, the world’s fourth largest economic system, had a commerce deficit of just about $ 46 billion with the US, in line with knowledge Follow the American trade representative.
The entire commerce between the 2 international locations will probably be appreciated by nearly $ 130 billion in 2024, with American exports to India price $ 41 billion and import from India by $ 87 billion.
Canada

Canadian Prime Minister Mark Carney greets the American President Donald Trump through the official welcome ceremony through the G7 Leaders’ Summit on June 16, 2025 in Kananaskis, Alberta. (Chip Somodevilla / Getty Photos / Getty photos)
Trump lately elevated the speed on Canada, the second largest buying and selling associate in America behind Mexico, from 25% to 35%.
Earlier this yr, Trump imposed 25% Rates on Canadian Steel, Automobiles and different merchandise that aren’t handled below the US-Mexico-Canada settlement. Canada took revenge and imposed $ 43 billion on his personal charges towards American items.
White Home says that Canada has been ‘tough’ as a result of the deadline of the commerce
The main classes of bilateral commerce between the US and Canada embrace vitality, motor autos, items associated to the area sector and $ 30 billion in agricultural merchandise.
White Home Pers Secretary Karoline Leavitt Earlier Ottawa broadcast throughout a press convention on July 17 and stated: “Our neighbors within the North have been fairly tough to cope with” when he was requested concerning the present business interviews.
Earlier within the week, Dominic Leblanc, Canada’s lead within the discipline of American commerce relations, stated Prime Minister Mark Carney will in all probability maintain conversations with Trump “through the subsequent variety of days”.
Brazil

President of Brazil Lula da Silva is holding a gathering within the Planalto Palace to debate the charges of the American authorities about Brazilian merchandise in Brasilia, Brazil, on July 30, 2025. (Ton Molina/Nurphoto/Getty photos)
Trump has imposed a few of the heaviest American charges on Brazil within the midst of a profound deadlock with President Luiz Inácio Lula da Silva on commerce, vitality and the controversial technique of former President Jair Bolsonaro.
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Brazil is now confronted with a charge of fifty% on import, though varied most important classes – corresponding to planes, aluminum and chosen vitality merchandise – are exempt. The relocation is usually thought of as partial retribution, aimed on the commerce relationship of the US -Brazil in response to the continual prosecution of Bolsonaro. Bolsonaro is on trial for alleged conspiracy to cancel his election defeat of 2022, which Trump described as a “witch hunt”.
Within the meantime, Lula has denounced Trump’s charges as ‘financial blackmail’ and buying and selling negotiations between the 2 international locations are caught.
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