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Filtering by entity: His Excellency Kais Saied | Clear Filter
Summary:The White House has sent a letter to the President of Tunisia stating that the United States has a significant and persistent trade deficit with Tunisia, which is deemed a major threat to the U.S. economy and national security. To address this, the U.S. will impose a 25% tariff on all Tunisian products imported into the United States starting August 1, 2025. The letter invites Tunisia to discuss their trade relationship and indicates that no tariffs will be applied if Tunisia facilitates U.S. manufacturing within its borders. It also warns that any increase in Tunisian tariffs will result in an additional corresponding tariff from the U.S.
Sentiment:Directive/Corrective
Key Claims:
- The United States has a significant and persistent trade deficit with Tunisia.
- This trade deficit is a major threat to the U.S. economy and national security.
- The U.S. invites Tunisia to discuss their trading relationship.
- Starting August 1, 2025, the U.S. will charge a 25% tariff on all Tunisian products entering the United States.
- The 25% tariff is considered less than what is needed to eliminate the trade deficit disparity.
- No tariff will be charged if Tunisia allows products to be built or manufactured within the United States.
- If Tunisia raises its tariffs, the U.S. will add that amount to its existing 25% tariff.
- The tariffs are intended to correct years of unsustainable trade deficits caused by Tunisia's tariffs and non-tariff barriers.
Potential Market Impact (S&P 500):2/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:1/10
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