Overview

• At noon Eastern on July 7, the White House sent letters to 12 major partners and 100 smaller nations specifying tariff rates to take effect August 1.
• Only the United Kingdom and Vietnam have secured framework agreements under the 90-day tariff suspension.
• Key economies including India, the European Union and Japan remain in negotiations under firm “take it or leave it” terms.
• Non-compliant countries face reinstated duties up to 70%, reverting to levels set on April 2.
• An additional 10% tariff will target any country deemed to support BRICS “anti-American” policies.