Catenaa, Friday, July 04, 2025- US President Trump said his administration is poised to inform many trading partners of unilateral tariff rates of up to 70%, as the July 9 deadline closes.
Trump said that the notices will be sent to countries by July 9, ending the 90-day pause on reciprocal tariffs, which will be implemented from August, according to him.
“We’re going to start sending letters out to various countries starting tomorrow,” Trump told reporters late Thursday. “We’ll probably have 10 or 12 go out tomorrow, and over the next few days, I think by the 9th, they’ll be fully covered. And they’ll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs.”
The higher end of that range would be more than almost all the reciprocal rates that Trump had floated earlier. Except for China, the highest of those was 50%.
So far, the administration has struck trade pacts with the UK and Vietnam and an on-again, off-again truce with China.
The Trump administration has said it is giving priority to talks with a core group of trading partners, for whom Wednesday’s deadline might be flexible, but that the US can’t negotiate in detail with every global counterpart.
Last week, Treasury Secretary Scott Bessent said the US “could have trade wrapped up by Labor Day” and is focused on deals with 18 key trading partners.
However, when asked in an earlier gathering with the media on Thursday about other agreements, Trump said: “We have a couple of other deals, but you know, my inclination is to send a letter out and say what tariffs they are going to be paying.”
Meanwhile, there were fresh signs of a thaw in US-China trade relations, after talks in London last month helped revive a truce between the two countries.
The Chinese government said it is reviewing and approving applications for exports of controlled items to the US, as Beijing and Washington move faster to implement their trade framework.
