US EditionTrump 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.
111 Articles
111 Articles
Monday morning, a dozen countries will receive a letter signed by US President Donald Trump. Among these could be some important Washington partners among the...
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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 …
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