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Trump to Dispatch ‘Take It or Leave It’ Tariff Letters to 12 Nations

These communiqués set reciprocal duties of up to 70% starting August 1 following a self-imposed tariff pause that ends July 9

FILE - Wheels of Parmesan cheese are stored in a deli in Rome, Thursday, Oct. 3, 2019. (AP Photo/Alessandra Tarantino, File)
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Trump's Tariff Deadlines Are Not Real, Only A 'Theatrical Show': White House Insider Make Sensational Claim
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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.