4 hours ago
Last Updated:July 05, 2025, 16:21 IST
Donald Trump announced 12 countries will get letters on new reciprocal tariffs effective August 1 amid trade talks.
US President Donald Trump
US President Donald Trump announced that 12 countries will receive formal letters soon, detailing new reciprocal tariff rates which will take effect from August 1. Donald Trump declined to name the countries, calling the approach more efficient than negotiating deals individually. He said, “I signed some letters and they’ll go out on Monday, probably twelve. Different amounts of money, different amounts of tariffs."
Donald Trump’s comments come amid high-stakes trade talks with several nations, including India, where negotiators recently concluded a round of discussions in Washington. However, the India has signaled reluctance to finalise any trade deal based on deadlines, with Commerce Minister Piyush Goyal reiterating that national interest would take precedence.
Donald Trump’s ‘Take It Or Leave It’ Strategy
Reuters reported, citing sources in the know, that trade letters sent by Donald Trump will carry what is effectively a “take it or leave it" offer- outlining tariff rates that the US expects its trading partners to accept if they wish to continue doing business under existing terms.
The tariff plan was first unveiled in April, when Donald Trump introduced a blanket 10% baseline duty on goods from most countries, with the option to escalate rates up to 50%. That escalation was temporarily paused for 90 days to allow for negotiations, a period which ends July 9. Now, Trump has signaled that tariffs could climb as high as 70% for some nations- effective August 1 if no deal is reached.
Location :Washington D.C., United States of America (USA)
First Published:News world Trump Signs Trade Letters To 12 Countries Ahead Of Tariff Deadline: 'Take It Or Leave It'
