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Trump says tariff letters to 12 countries signed, going out Monday
- U.S. President Donald Trump signed formal letters to notify 12 countries of upcoming tariff rates starting August 1, with letters dispatched on Monday.
- This action comes after a 90-day pause in tariff increases, which is set to end on July 9, during a period when negotiations with key partners such as Japan and the EU made little headway.
- Agreements were reached only with the UK, maintaining a 10% base tariff with sector advantages, and Vietnam, which accepted 20% tariffs for duty-free U.S. access.
- Trump described the tariffs as 'take it or leave it' offers, ranging from 10% to potentially 70%, reflecting a shift to a more assertive trade policy.
- This policy shift injects uncertainty into global trade, with markets and governments monitoring possible impacts as countries face steeper tariffs or seek to preserve current deals.
76 Articles
76 Articles
Trump Signs Tariff Letters to 12 Nations Ahead of Looming Deadline
President Donald Trump has signed letters that will be sent to around a dozen nations ahead of next week’s deadline to reach a trade agreement, according to a July 5 post from a White House account on the social media platform X. In a video that accompanied the post, Trump is seen responding to a reporter, saying the letters detail “different amounts of money, different amounts of tariffs, and somewhat different statements.” The letters are set …
Morristown, United States. U.S. President Donald Trump said his administration will send a dozen letters on Monday to various trading partners to report the tariffs it will impose on their goods.On July 9, Trump's deadline for dozens of economies to negotiate an agreement to avoid the imposition of additional customs tariffs that, he said this week, will be between 10% and 70%. "I signed some letters and they will be sent on Monday, probably 12,…
Trump says tariff letters to 12 countries signed, floats range of 10% to 70%
U.S. President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the "take it or leave it" offers to be sent out on Monday.
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