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.

Trump signals shift as India set to buy Venezuelan oil, not Iranian crude

Nvidia’s Huang dismisses OpenAI rift talk, signals biggest-ever investment

Indian Army and IIT Ropar join hands to boost defense technology innovation

SRM Institute of Science and Technology Races to National Victory with Team Camber Racing at Formula Bharat 2026
Hindalco launches multi-skills training center in Andhra to train youth for jobs

Trump signals shift as India set to buy Venezuelan oil, not Iranian crude

Budget 2026: Educators seek reforms to strengthen learning and employability

US pushes Venezuelan oil to India as Russian crude imports plunge under tariff tensions

Fadnavis pledges unwavering support to NCP as Sunetra Pawar prepares to be sworn in Deputy CM

Vaishno Devi medical college scrapped, students dispersed across seven GMCs

Trump signals shift as India set to buy Venezuelan oil, not Iranian crude

Nvidia’s Huang dismisses OpenAI rift talk, signals biggest-ever investment

Indian Army and IIT Ropar join hands to boost defense technology innovation

SRM Institute of Science and Technology Races to National Victory with Team Camber Racing at Formula Bharat 2026
Hindalco launches multi-skills training center in Andhra to train youth for jobs

Trump signals shift as India set to buy Venezuelan oil, not Iranian crude

Budget 2026: Educators seek reforms to strengthen learning and employability

US pushes Venezuelan oil to India as Russian crude imports plunge under tariff tensions

Fadnavis pledges unwavering support to NCP as Sunetra Pawar prepares to be sworn in Deputy CM

Vaishno Devi medical college scrapped, students dispersed across seven GMCs
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech