Overview

• The administration will send letters to 10–12 trading partners on July 5 and extend notifications to all others by the July 9 deadline.
• Each letter will outline reciprocal surcharges ranging from 10% to 50% based on bilateral trade imbalances.
• So far, agreements have been secured with the UK and Vietnam, while the U.S. and China have agreed to temporary tariff cuts during ongoing negotiations.
• French Economy Minister Éric Lombard said a European Commission team in Washington is working to clinch a weekend deal and warned of stronger EU countermeasures if talks collapse.
• Punitive duties will automatically take effect on August 1 for any partners that fail to reach an agreement by July 9, marking a shift toward harder deadlines in U.S. trade policy.