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Trump keeps contradicting himself on tariffs, making a fragile world economy nervous

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Source : NEW INDIAN EXPRESS NEWS

Other countries trying to get talks going

Swiss President Karin Keller-Sutter, in an interview with broadcaster SRF released Friday, said after a meeting with Bessent that Switzerland would be one of 15 countries with which the United States plans to conduct “privileged” negotiations. But she said a memorandum of understanding would have to be reached for talks to formally begin.

She was happy to at least know whom to talk to, saying that “we have also been assigned a specific contact person. This is not easy in the U.S. administration.”

Nations are deploying various negotiating tactics.

The South Korean officials who met with their U.S. counterparts this week say they specifically asked for the tariffs to be lifted with the goal of working toward an agreement by July. The European Union has pushed for cutting tariffs to zero for both parties, though Trump objects to European countries charging a value-added tax, which is akin to a sales tax that he says hurts U.S. goods.

Trump continues to radiate optimism that negotiated deals with other countries will occur despite his claims that he will set his own deals and a lack of clarity about how the process goes forward.

“I’m getting along very well with Japan,” Trump told reporters on Friday. “We’re very close to a deal.”

As part of a deal with Japan, the Trump administration has publicly called on the Japanese government to change its auto safety standards that put a greater focus on pedestrian safety. But the steering wheels on autos sold in Japan are on the right-hand side, while U.S. automakers put their steering wheels on the left.

“I don’t think left-hand drive cars sell in Japan,” Prime Minister Shigeru Ishiba told a parliamentary session this week.

“We want to make sure we aren’t seen as being unfair,” Ishiba said, suggesting a possibility of reviewing Japanese car safety standards.

SOURCE :-  NEW INDIAN EXPRESS