Where Do Trade Talks Stand in the Rush to Avert Higher US Tariffs?

FILE PHOTO: A container is loaded onto a cargo ship while docked at Hai Phong port, after US President Donald Trump announced a 90-day pause on tariffs for many countries, in Hai Phong, Vietnam, April 16, 2025. REUTERS/Athit Perawongmetha/File Photo/File Photo
FILE PHOTO: A container is loaded onto a cargo ship while docked at Hai Phong port, after US President Donald Trump announced a 90-day pause on tariffs for many countries, in Hai Phong, Vietnam, April 16, 2025. REUTERS/Athit Perawongmetha/File Photo/File Photo
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Where Do Trade Talks Stand in the Rush to Avert Higher US Tariffs?

FILE PHOTO: A container is loaded onto a cargo ship while docked at Hai Phong port, after US President Donald Trump announced a 90-day pause on tariffs for many countries, in Hai Phong, Vietnam, April 16, 2025. REUTERS/Athit Perawongmetha/File Photo/File Photo
FILE PHOTO: A container is loaded onto a cargo ship while docked at Hai Phong port, after US President Donald Trump announced a 90-day pause on tariffs for many countries, in Hai Phong, Vietnam, April 16, 2025. REUTERS/Athit Perawongmetha/File Photo/File Photo

As a Wednesday deadline approaches for steeper US tariffs to hit dozens of economies ranging from the EU to India, trade negotiations with President Donald Trump's administration are coming down to the wire.

The levies taking effect July 9 were announced in April, with the White House citing a lack of "reciprocity" in trade relations. But they were swiftly halted, allowing room for talks.

Days before their reimposition, where do things stand?

EU: 'Ready' for deal

The European Union said it is "ready for a deal" with Washington, with the bloc's trade chief meeting his US counterparts Thursday.

European Commission president Ursula von der Leyen said the EU was targeting an "agreement in principle" when it came to the July 9 cutoff, AFP reported.

With no deal, the US tariff on EU goods doubles from the "baseline" of 10 percent to 20 percent -- with Trump previously threatening a 50 percent level.

Vietnam: A pact with uncertainties

Washington and Hanoi unveiled a trade pact Wednesday with much fanfare and few details, but it allowed Vietnam to avoid Trump's initial 46 percent tariff.

Under the agreement, Vietnamese goods face a minimum 20 percent tariff while products made elsewhere face a 40 percent levy -- a clause to restrict "transshipping" by Chinese groups.

But there remain questions on how the higher levy would apply to products using foreign parts.

There is also a risk that Beijing will adopt retaliatory measures, analysts warned.

Japan: Rice, autos at stake

Despite being a close US ally and major source of foreign investment, Japan might not escape Trump's tariff hike.

Tokyo's trade envoy Ryosei Akazawa has made numerous trips to Washington through the end of June.

But Trump recently criticized what he described as Japan's reluctance to open up further to US rice and auto exports.

"I'm not sure we're going to make a deal," Trump said, adding that the country could pay a tariff of "30 percent, 35 percent, or whatever the number is that we determine."

India: A good position

Indian manufacturers and exporters want to believe they can avoid a 26 percent tariff.

Negotiations between both countries have been going well for weeks, and Trump himself suggested at the end of June that a "very big" agreement was imminent.

Ajay Sahai, director general of the Federation of Indian Export Organizations, said the feedback he received "suggests positive developments." But he maintained that the situation was fluid.

Finance Minister Nirmala Sitharaman has stressed that agriculture and dairy products remain "very big red lines."

South Korea: Muted optimism

Seoul, which is already reeling from US tariffs on steel and autos, wants to avert a sweeping 25 percent levy on its other exports.

Cooperation in shipbuilding could be a bargaining chip, but "at this stage, both sides still haven't clearly defined what exactly they want," said new President Lee Jae Myung on Thursday.

"I can't say with confidence that we'll be able to wrap everything up by July 8," he added.

Indonesia, Thailand, Taiwan in the wings

Other Asian economies including Indonesia, Thailand and Cambodia, which faces a 49 percent tariff, wait with bated breath.

Indonesia has indicated willingness to boost energy, agriculture and merchandise imports from the United States. Bangladesh meanwhile is proposing to buy Boeing planes and step up imports of US agriculture products.

Taiwan, for whom Washington is a vital security partner, faces a 32 percent duty without a pact.

Although both sides have faced bumps along the way, Taiwanese Vice President Hsiao Bi-khim said "negotiators from both sides are working diligently" to find a path forward.

Switzerland: Hope for delay

Switzerland's government said Washington has acknowledged it was acting in good faith, and assumes its tariff level will remain at 10 percent on July 9 while negotiations continue.

But without a decision by the president as of the end of June, Switzerland did not rule out that levies could still rise to a promised 31 percent.



Palestinians Hold Mixed Views as France Prepares to Recognize State

 Protesters hold a Palestinian flag during a protest in solidarity with Palestinians in Gaza, in Santiago, Chile July 25, 2025. (Reuters)
Protesters hold a Palestinian flag during a protest in solidarity with Palestinians in Gaza, in Santiago, Chile July 25, 2025. (Reuters)
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Palestinians Hold Mixed Views as France Prepares to Recognize State

 Protesters hold a Palestinian flag during a protest in solidarity with Palestinians in Gaza, in Santiago, Chile July 25, 2025. (Reuters)
Protesters hold a Palestinian flag during a protest in solidarity with Palestinians in Gaza, in Santiago, Chile July 25, 2025. (Reuters)

Palestinians expressed mixed opinions Friday after French President Emmanuel Macron said he would recognize a Palestinian state, with enthusiasm mitigated by the world’s failure to stem suffering in Gaza.

“We hope it will be implemented, and we hope that most or all countries around the world will follow France’s lead in recognizing the Palestinian people’s right to an independent state,” said Nabil Abdel Razek, a resident of Ramallah, home to the Palestinian Authority.

Under the 1993 Oslo Accords, the PA was intended to be a building bloc toward the establishment of a state.

At a newsagent in the central square of the West Bank city, several front-page headlines mentioned President Emmanuel Macron’s late Thursday evening announcement.

“All of these decisions not only affirm the rights of the Palestinian people, but also contribute to changing the violent reality in the region and lead to greater stability,” said Ahmed Ghoneim, a political activist, as he headed off to a demonstration in solidarity with Gaza.

Ghoneim said he also hopes France’s move will inspire other European countries, given that at least 142 of the 193 UN member states recognize a Palestinian state, according to an AFP tally.

But analysts are more cautious.

“The question for Palestinians is what will France do NOW about Israel starving them in Gaza,” Nour Odeh, a political commentator, wrote on X.

Others also agreed the main issue for Palestinians is Gaza.

“What France should have recognized is the genocide and taken measures to end it and end the occupation,” said Ines Abdel Razek, co-director of the Palestine Institute for Public Diplomacy (PIPD).

In an interview with AFP, she said France should cut relations with Israel and impose a trade embargo.

“An example of a brave gesture is the Colombian president asking his army to block boats transporting energy and arms to Israel,” she said.

While saying France’s promise is just “symbolic,” Samer Sinijlawi, another political activist, noted Macron’s call for elections in the Palestinian territories and said this “brings us hope.”