Trump Finalizes Tariff Letters to 12 Nations, Set for Monday Release

Trump Finalizes Tariff Letters to 12 Nations, Set for Monday Release

Trump Finalizes Tariff Letters to 12 Nations, Set for Monday Release

Trump Finalizes Tariff Letters to 12 Nations, Set for Monday Release
Image from CNBC

U.S. President Donald Trump has confirmed he signed letters outlining new tariff levels for 12 countries, with these ‘take it or leave it’ offers slated for release on Monday, July 7th. Speaking aboard Air Force One, Trump declined to name the specific nations, promising public disclosure when the letters are sent.

This development follows the imminent expiration of a 90-day suspension period on July 9th, which had temporarily halted all but a 10% base tariff rate. Trump indicated that future tariffs could range significantly higher, potentially up to 70%, with most new rates set to take effect by August 1st. The President’s move signals a departure from prior negotiation attempts, as the administration appears to be moving directly to impose new trade measures.

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