“My inclination is to send a letter and tell them what the tariffs are going to be. That’s much simpler,” Trump told reporters as he departed for Iowa.
“We have over 170 countries, and how many agreements can you sign? You can sign good agreements, but they are much more complicated.”
“I would rather send a letter outlining how much they’re going to have to pay to do business in the United States,” Trump continued. “And I think that would be received very positively.”
The president said the letters would begin arriving on July 4 at a rate of about 10 countries per day. Trump mentioned potential tariffs of 20%, 25% and 30%, but it was unclear whether those were the numbers that would apply to other countries.
The president's announcement comes ahead of a July 9 deadline set by the White House to broker trade deals with other countries, after the president had already halted "reciprocal" tariffs on dozens of other countries.
The pause was intended to give space for negotiations, and White House officials have for weeks touted progress in talks with various countries.
The United States has signed agreements with the United Kingdom and Vietnam, and agreed on a framework agreement with China. However, the number of agreements reached is still limited compared to the large number of countries to negotiate.
The move is likely to generate mixed reactions from international trading partners, as they will face tariffs decided unilaterally rather than through bilateral negotiations. It also shows the US's preference for protecting domestic economic interests through tariff measures.
Source: https://baonghean.vn/tong-thong-trump-my-se-bat-dau-thong-bao-muc-thue-quan-cho-cac-nuoc-tu-ngay-quoc-khanh-my-4-7-10301577.html
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