UPDATE ON CUSTOMS DUTIES
TT Trump finalized tariffs with the Philippines, Indonesia, and especially Japan - a deal he calls the largest ever.
๐ฏ๐ต Japan - 15%
- In exchange for a 15% tariff, Japan has committed to invest $550 billion in the US. 90% of the profits from this investment will return to the US.
- Opening the market for American goods including cars, trucks, rice, agricultural products, and other items.
- The agreement is expected to create hundreds of thousands of jobs for the American people.
- In return, 15% is a very low tariff compared to the previous threat of 25%.
๐ฎ๐ฉ Indonesia - 19%
- The detailed terms of the agreement reached over a week ago will be announced.
- Accordingly, Indonesia will open its market to American industrial products, technology, and agricultural products by removing 99% of this country's tariff barriers.
๐ต๐ญ Philippines - 19%
- Opening the market and not imposing tariffs on American goods.
- Additionally, the two countries will also cooperate in the military field.
- Similar to Indonesia, the Philippines will face a 19% tariff from the US (down from the threatened level of 20%)
๐จ๐ณUS - China in the 3rd round of negotiations
- Treasury Secretary Scott Bessent stated that US and Chinese officials will meet in Stockholm (Sweden) next week
- The discussion will focus on extending the deadline for imposing tariffs on Chinese goods to 12/8.$BTC $BNB
#CryptoClarityAct #SoftStaking #Binance
TT Trump finalized tariffs with the Philippines, Indonesia, and especially Japan - a deal he calls the largest ever.
๐ฏ๐ต Japan - 15%
- In exchange for a 15% tariff, Japan has committed to invest $550 billion in the US. 90% of the profits from this investment will return to the US.
- Opening the market for American goods including cars, trucks, rice, agricultural products, and other items.
- The agreement is expected to create hundreds of thousands of jobs for the American people.
- In return, 15% is a very low tariff compared to the previous threat of 25%.
๐ฎ๐ฉ Indonesia - 19%
- The detailed terms of the agreement reached over a week ago will be announced.
- Accordingly, Indonesia will open its market to American industrial products, technology, and agricultural products by removing 99% of this country's tariff barriers.
๐ต๐ญ Philippines - 19%
- Opening the market and not imposing tariffs on American goods.
- Additionally, the two countries will also cooperate in the military field.
- Similar to Indonesia, the Philippines will face a 19% tariff from the US (down from the threatened level of 20%)
๐จ๐ณUS - China in the 3rd round of negotiations
- Treasury Secretary Scott Bessent stated that US and Chinese officials will meet in Stockholm (Sweden) next week
- The discussion will focus on extending the deadline for imposing tariffs on Chinese goods to 12/8.$BTC $BNB
#CryptoClarityAct #SoftStaking #Binance
