The tariff deadline is approaching. How is the US negotiating with all parties?

In early April this year, Trump announced the imposition of so-called "reciprocal tariffs", but then due to strong backlash from both home and abroad, he announced on April 9 that some trading partners would be temporarily suspended, but the so-called "base tariff" of 10% would still be retained and pressured all parties to complete trade negotiations with the US before July 9.

For several months, the White House has been claiming that it will reach multiple agreements. Navarro, the US President's chief trade adviser, once said that the goal is to "reach 90 agreements in 90 days."

Now, with less than a week left before the deadline, how is the US negotiating with all parties?

EU: Already prepared for both situations

Currently, the US and Europe have held multiple rounds of negotiations, but there are still major differences. The question facing the EU is: accept an asymmetric trade agreement with the United States, or fight back at the risk of escalation and angering the US President.

European Commission President Ursula von der Leyen said last week that she had received a new proposal from the United States and was evaluating it. The EU was ready to reach an agreement with the United States, but the possibility of failure in the negotiations was not ruled out. The French Finance Minister publicly stated that he would rather "delay a good deal than reach a bad deal on July 9".

At present, the EU is ready to impose retaliatory measures of up to 50% tariffs on US imports totaling 21 billion euros, as well as an additional tariff list. According to the list, the EU may impose tariffs on US products worth 95 billion euros in response to the so-called "reciprocal tariffs" and automobile tariffs in the United States.

The latest news disclosed by the media shows that the EU is allegedly willing to accept the US's 10% "base tariff", but hopes to be exempted in key industries such as medicines, alcohol, and semiconductors.

According to Bloomberg, citing people familiar with the matter, the EU is also pressuring the United States to grant quotas and exemptions to reduce the 25% tariff on cars and auto parts and the 50% steel and aluminum tariffs imposed by the United States.

At present, the EU Trade Commissioner has arrived in Washington and is about to join the negotiations.

UK: Steel and aluminum tariffs still not agreed

Trump previously claimed to have reached an agreement with "four or five countries", but has only officially announced a framework agreement with the UK.

The British government said on June 30 that the agreement has come into effect, and the original 10% tariff on British aircraft engines, parts and other goods has been cancelled; the tariff within the UK's export quota of automobiles to the US has been reduced to 10%.

However, the dispute over steel and aluminum tariffs has not yet been resolved. Currently, the UK still faces a 25% tariff on these products, but if the two sides fail to reach an agreement before the deadline for negotiations, the tariff may double to 50%.

Canada: "surrender" to the United States?

A White House spokesman recently claimed that Canada "surrendered" to the United States. The reason is that Canada's proposed digital service tax on technology companies has been involved in the negotiation agenda.

According to foreign media, the controversial tax aims to impose a 3% tax on large technology companies that provide digital services in Canada. The Wall Street Journal estimates that American technology companies may "lose billions of dollars as a result."

Therefore, when the Canadian side proposed that the tax would take effect from June 30, Trump immediately threatened that the United States decided to immediately stop all trade negotiations with Canada because Canada insisted on introducing a digital service tax targeting American technology companies.

In the end, the Canadian side announced the cancellation of the tax to advance negotiations with the United States.

Japan: Focus on auto tariffs

Japan and the United States have held seven rounds of trade negotiations, plus a summit meeting. The Japanese side has always regarded auto tariffs as the top priority, but the United States has no intention of making concessions.

In the first round of negotiations, Trump personally negotiated, but in the most recent negotiation, the Japanese representative deliberately extended his stay in the United States and failed to wait for a meeting with the US Treasury Secretary.

According to Japanese media reports, Japan has successively put forward a number of chips, including expanding imports of US energy and agricultural products, reverse imports of US cars, and sharing shipbuilding technology and rare earth resources. The United States still refuses to reduce auto tariffs, and the negotiations are deadlocked.

According to Reuters, Trump's latest statement said that he "doubts" about reaching an agreement with Japan. He hinted that a 30% or 35% tariff may be imposed on goods imported from Japan, far higher than the 24% tariff announced in early April.

South Korea: "Strive for an extension"

What troubles South Korea is the negotiation deadline.

Recently, South Korea's new trade minister also visited the United States, but did not announce detailed results. A senior South Korean official said that the two sides may not be able to complete the negotiations before July 9, and South Korea is seeking to extend the tariff suspension period.

In South Korea, people have recently held demonstrations many times to protest against the US government's abuse of tariffs.

Reuters said that since South Korea and the United States have signed a free trade agreement, South Korea has almost zero tariffs on US imports, so the United States has focused on other issues such as exchange rates and defense costs.

India: Negotiations enter "overtime"

According to India's New Delhi TV, the Indian delegation initially planned to stay in the United States for two days. But as of July 1, the US-India negotiations have entered the sixth day.

The Indian Finance Minister recently said that agriculture and dairy products are India's "important red lines" in the negotiations.

According to Reuters, Trump said on July 1 that the United States may reach a trade agreement with India, and Finance Minister Bessant also said that the United States and India are "very close" to reaching an agreement. However, there are also reports that the two sides are deadlocked due to differences over import tariffs on auto parts, steel and agricultural products.

ASEAN: "Mixed" strategy

According to Singapore's Lianhe Zaobao, the US government has hit Southeast Asian countries with the so-called "reciprocal tariffs". Vietnam, Indonesia, Thailand, the Philippines and Malaysia have all expressed their willingness to make adjustments and strive to negotiate and cooperate with the United States to achieve trade reciprocity and ultimately avoid high tariffs.

According to Bloomberg, at the end of June, Vietnamese Prime Minister Pham Minh Chinh said that he expected the two countries to reach an agreement before the negotiation deadline. Reuters said that Indonesia relaxed import licensing requirements for some goods on June 30, and Thailand proposed plans including reducing its own tariffs, purchasing more American products and increasing investment.

According to Vietnam News Agency, ASEAN is adopting a "mixed" strategy to deal with the increase in US tariffs: on the one hand, maintaining unity within the region, and on the other hand, allowing member states to flexibly conduct bilateral negotiations with the United States to safeguard their respective interests.