Overview

• A draft letter urges countries to submit their best tariff and quota offers by Wednesday for U.S. industrial and agricultural imports.
• Negotiating partners must also include plans to address non-tariff barriers, digital trade rules and economic security measures.
• Washington intends to review submissions promptly and outline a “possible landing zone” that could feature reciprocal tariff rates.
• The letter is expected to go to major economies such as the European Union, Japan, Vietnam and India.
• South Korea is racing to secure a tariff and industrial cooperation deal before the July 8 end of the administration’s 90-day tariff suspension.