In a "take it or leave it" move, President Trump signed official letters to notify 12 trading partners of planned tariffs—ranging from 10% to 70%—effective August 1 unless deals are sealed by July 9.

President Trump announced on July 5 that he has signed letters to 12 countries, informing them of new US tariff rates, in a decisive escalation ahead of the self-imposed July 9 deadline.
Packaged as a non-negotiable “take it or leave it” offer, the tariffs are expected to range from 10% to 70%, covering various goods.

These letters will be dispatched on July 7 with tariffs scheduled to take effect August 1, coinciding with the expiry of a 90-day.
This pause had followed Trump’s initial imposition of a 10% base tariff in April—an announcement dubbed “Liberation Day”—which included additional rates of up to 50% on specific imports.
Speaking aboard Air Force One, Trump indicated the letter-based approach is "much easier" than prolonged negotiations. He didn’t name the 12 countries, noting they will be disclosed when the letters are distributed.
So far, only the UK and Vietnam have reached preliminary agreements: the UK secured tariff relief for sectors like autos and aerospace at a 10% rate, while Vietnam accepted 20% tariffs on domestically produced goods and 40% on re-exported items.
No deals are confirmed yet with EU, Japan, or India, increasing the likelihood of high unilateral tariffs if talks stall.

RBI May Limit Rate Hikes to 25-50 bps, Inflation Could Ease in 2027: Nomura

FM Nirmala Sitharaman Reaches Qatar for AIIB Annual Meeting, Investors Dialogue

Himanta Sarma Remembers Lata Mangeshkar, Recalls Her Musical Bond with Bhupen Hazarika

India Leads Asia in LLM Search Reach, Influences 65% of AI-Assisted Brand Choices: BCG

India Office Leasing Rises 7% to 54.4 Million Sq Ft in Jan-Sep 2026: Report

Preeti Aghalayam makes history as first woman to lead an IIT

AIIMS nursing applications hit record high at 1.91 lakh

IIM Jammu to open satellite campus in Leh with 60-seat BBA programme

27-year wait ends at 59 as UP man finally lands govt teaching job

Delhi EWS admission 2026: Check final lottery result, school allotment and admission process

RBI May Limit Rate Hikes to 25-50 bps, Inflation Could Ease in 2027: Nomura

FM Nirmala Sitharaman Reaches Qatar for AIIB Annual Meeting, Investors Dialogue

Himanta Sarma Remembers Lata Mangeshkar, Recalls Her Musical Bond with Bhupen Hazarika

India Leads Asia in LLM Search Reach, Influences 65% of AI-Assisted Brand Choices: BCG

India Office Leasing Rises 7% to 54.4 Million Sq Ft in Jan-Sep 2026: Report

Preeti Aghalayam makes history as first woman to lead an IIT

AIIMS nursing applications hit record high at 1.91 lakh

IIM Jammu to open satellite campus in Leh with 60-seat BBA programme

27-year wait ends at 59 as UP man finally lands govt teaching job

Delhi EWS admission 2026: Check final lottery result, school allotment and admission process
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech