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Intern Pierre @internpierre on x 1175 followers
Created: 2025-07-24 09:53:11 UTC
The United States’ White House confirmed a new trade framework with Indonesia imposing a XX% tariff on its shoe imports to the US, while granting American exports duty free access. Similar agreements have been reached with the Philippines (19% tariff) and Japan (15% tariff), all replacing higher proposed rates and aimed at strengthening supply chain resilience and preventing tariff evasion. India is reportedly close to a deal, while negotiations with the EU and Cambodia remain ongoing, and China’s status is uncertain despite a recent minerals trade pact. These deals follow a common pattern of reduced tariffs for imports and zero duty US exports, with strict penalties on transshipment, particularly targeting Chinese rerouting through Vietnam, which faces a XX% transshipment levy.
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Related Topics india rates japan philippines tariffs indonesia white house united states