US begins announcing tariffs with countries, potential lowest level 20%

On July 3 (local time), US President Donald Trump said Washington will begin sending letters to countries on July 4 outlining the tariffs they will face when exporting goods to the US market, a clear change from previous commitments to reach a series of individual agreements.

Speaking to reporters before departing for Iowa, President Trump acknowledged the complexity of negotiating tariffs with more than 170 countries, saying letters would begin being sent to 10 countries each day at the same time, with potential tariffs of 20%, 25% and 30%.

“I tend to send a letter and say what tariffs they’re going to pay,” he pointed out. “It’s just a lot easier. We have 170 more countries, and how many deals can you make? And you can make good deals, but they’re a lot more complicated.”

President Trump's announcement comes ahead of a July 9 White House-imposed deadline to negotiate trade deals with other countries after he suspended reciprocal tariffs on dozens of other nations.

The pause is intended to allow for negotiations, and White House officials have for weeks touted progress in talks with various countries.

The US has reached an agreement with the UK, and agreed on a framework for a deal with China./.

According to VNA

Source: https://baothanhhoa.vn/my-bat-dau-thong-bao-thue-quan-voi-cac-nuoc-muc-tiem-nang-thap-nhat-20-253987.htm