Trump To Send Tariff Letters Today, Warns BRICS Allies Of 10% Additional Levies
Trump previously announced plans to send trade letters to 12 countries outlining the new reciprocal tariff rates set to take effect on August 1.
US President Donald Trump has said he will send the first set of tariff letters, including trade deals, to several countries, which are expected to include new reciprocal tariff rates that will take effect from August 1.
Trump's first set of tariff letters would be sent to various trade partners at 12 pm ET (9:30 pm Indian time) on Monday, he said, amid high-stakes trade talks with several nations, including India.
'I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter!," he said on his Truth Social platform.
The US president had earlier said he would send formal letters to 12 countries, without naming them. The reciprocal tariffs, announced in April, were supposed to kick in on July 9 after a 90-day pause. However, Trump announced that the imposition would be pushed to August 1 to allow time for ongoing trade talks to wrap up.
'We'll be sending letters out on Monday having to do with the trade deals. Could be 12, maybe 15. And I guess, Howard (Lutnick), I would say, it could be maybe as many as 15 or so, and they'll be going out on Monday and some will go out on Tuesday and Wednesday. And it'll and we've, we've made deals also. So we're going to have a combination of letters and some deals have been made," he told reporters in the presence of Commerce Secretary Howard Lutnick.
Trump Threatens More Sanctions On BRICS Allies
Furthermore, the US president announced that any country aligning with the BRICS – which includes India, Brazil, China and Russia – will be charged with an additional 10% tariffs. 'Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff," he added.
This came after leaders in the 11-member BRICS grouping criticised Trump's tariff policies, saying they were damaging the global economy and disrupting trade. The BRICS declaration also described the US tariffs as 'illegal and arbitrary", and said they could further reduce global trade.
India-US Trade Talks
India and the United States are likely to make a final decision on a mini-trade deal within the next 24 to 48 hours, CNBC-TV18 reported on Sunday, citing sources, after negotiators recently concluded a round of discussions in Washington.
As per the report, the mini-trade deal is likely to have annual quotas for lower tariffs on certain labour-intensive products from India. Certain American agricultural products, such as pecan nuts and blueberries, may be provided with lower tax rates. India has shown reluctance to rush to a trade deal with the US under the pressure of deadlines, with Union Minister Piyush Goyal affirming that national interest comes first.
On April 2, the US imposed an additional 26% reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10% baseline tariff imposed by America remains in place. India had sought withdrawal of all reciprocal tariffs, but has reportedly accepted a partial relief for limited agricultural concessions. Sources also told news agency PTI on Sunday that India had 'drawn its red lines' and the ball was now in Washington's court to finalise the deal.
tags :
donald trump US tariffs
Location :
Washington D.C., United States of America (USA)
First Published:
July 07, 2025, 07:56 IST
News world Trump To Send Tariff Letters Today, Warns BRICS Allies Of 10% Additional Levies
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