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Trump: Tariff letters to be issued on Friday, with a floating range of 10% to 70%
Foresight News According to Kingshin, Trump said that he will start sending letters to trading partners on Friday to set unilateral tariff rates, and countries must pay tariff rates starting August 1. About "10 to 12" letters will be sent on Friday, and other letters will be issued in the next few days. "I think all countries will receive letters by the 9th. Tariffs range as high as 60% or 70%, as low as 10% and 20%. "It refers to the initial deadline for the countries to reach an agreement with the United States on July 9. If formally determined, the maximum tariffs for that range would be higher than any tariffs outlined by Trump when the launch of Liberation Day in early April (10% benchmark tariff, up to 50% reciprocal tariff).
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