This week, President Trump secured and announced three major trade deals:
Japan: President Trump announced a trade deal with Japan that will impose 15% tariffs on imports, including automobiles, while creating a $550 billion fund to make investments in the U.S.
Indonesia: President Trump reached a landmark trade deal in which Indonesia will pay the United States a reciprocal tariff rate of 19% and eliminate 99% of their tariff barriers to U.S. goods.
The Philippines: President Trump announced a historic trade deal where the Philippines agreed to pay the United States a 19% tariff.
After four years of disastrous trade policies from the Biden administration, President Trump is working to secure trade deals that will once again put America businesses and workers First.
President Trump refuses to let the United States be taken advantage of and is using tariffs to ensure fair trade, protect American workers, and reduce the trade deficit.In June, the Treasury Department took in $113 billion in tariff revenue, leading to a record surplus for the month of $27 billion.
President Trump’s agenda means better paying American jobs and more American made cars, appliances, and other goods.
A report from the Council of Economic Advisors proves that Democrats are lying about President Trump’s tariffs causing higher prices.The report says “The results clearly show the price of imported components declining, starting in March, while overall prices were close to unchanged.”