Scotland, Trump and European Union
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South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms,
Scotland is the birthplace of Trump’s mother and a place where he owns two golf resorts. Yet he hasn’t always had a warm reception there.
It is only a week away from the Aug 1 deadline when the 36% reciprocal tariff levied on Thai exports to the US will take effect.However, US President Donald Trump has left the door open for countries to negotiate for lower tariffs.
With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.
Since July 7, Trump has been sending out new tariff rates for countries across the globe, including major trading partners Canada, Japan, South Korea, and the European Union (E.U.). He said on July 8 that his Administration views the unilateral tariff rates as deals, though the letters shared thus far do not describe negotiated trade deals.
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.