Overview

• President Trump signed letters on July 6 to be sent July 7 outlining reciprocal tariffs from 10–20% up to 60–70% on imports effective August 1.
• The administration has shifted from extended bilateral negotiations to unilateral ‘take it or leave it’ tariff offers after setbacks with major trading partners.
• Interim agreements have been reached only with the United Kingdom and Vietnam, while India’s talks remain stalled over agricultural and dairy market access.
• A 90-day suspension on duties above the 10% baseline expires July 9, clearing the way for steeper reciprocal tariffs on roughly 100 targeted countries.
• India has filed WTO notices and insists it will not accept deals tied to arbitrary deadlines, highlighting uncertainty among US partners.