In a recent fundraising gala for House Republicans, US President Donald Trump poked fun at world leaders eager to strike trade deals with the US. “These countries are calling us up, kissing my ass,” he said, mocking their enthusiasm. Trump’s comments come after he imposed sweeping tariffs on global trading partners, disrupting decades of rules-based trade and potentially leading to increased costs for consumers.
Some countries, including Zimbabwe, Israel, Taiwan, and Vietnam, have offered to scrap all tariffs on US goods in an attempt to reverse Trump’s tariff hikes. However, Trump’s trade adviser, Peter Navarro, dismissed these offers as “zero tariff cheating” and “misdirection.” According to Navarro, the administration isn’t interested in making deals with countries offering zero tariffs.
Zimbabwe, in particular, is feeling the pinch, having been slapped with an 18% “reciprocal” tariff by the US. The country’s offer to eliminate tariffs on US goods was met with skepticism by the Trump administration. With the US stance on trade deals, Zimbabwe and other affected countries may need to reassess their approach to trade negotiations.
The US stance on trade deals could have far-reaching implications for global trade, potentially leading to increased tensions and protectionist policies. As the situation unfolds, it remains to be seen how countries will adapt to the changing trade landscape.
source-Washington Blade
