Tariffs, Trump: ‘Letters informing countries about tariffs to be sent today’

Milan, 4 July (LaPresse) – US President Donald Trump, speaking to reporters before his departure for Iowa, announced overnight that he will begin sending letters to countries today to inform them of the tariffs they will have to pay to do business with the United States. "My intention is to send a letter stating what tariffs they will have to pay. It's much simpler,‘ Trump said. ’We have more than 170 countries, and how many agreements can you make? You can make good deals, but they're much more complicated," he added. According to the tycoon, the letters will begin to be sent today, Friday, at a rate of about 10 countries per day, The Hill reports. The US president's announcement comes ahead of the 9 July deadline set by the White House for negotiating trade agreements with countries, after the president suspended tariffs he dubbed “reciprocal” for dozens of countries. The suspension was intended to allow room for negotiations, and White House officials had been touting progress in talks with various countries for weeks. In the end, the United States reached an agreement with the United Kingdom and Vietnam and agreed on a framework for an agreement with China. Trump indicated 20%, 25% and 30% as potential tariffs, but it is unclear whether these will be the numbers that will actually be applied, The Hill points out.