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Trump to hit nations with tariffs of up to 70 per cent after trade deals fail

Trump to hit nations with tariffs of up to 70 per cent after trade deals fail

Independent18 hours ago
Donald Trump is set to reinstate tariffs of up to 70 per cent on numerous countries, as many anticipated trade deals have not materialised.
Letters will be dispatched to 10 countries at a time from Friday, ahead of the 9 July deadline for nations to finalise trade agreements to avoid higher duties.
The president did not specify which countries would be affected but noted the complexity of negotiating with over 170 nations.
Treasury Secretary Scott Bessent indicated that approximately 100 countries could face 10 per cent reciprocal tariffs, with the president determining if negotiations are in good faith.
Despite a previous promise of "90 trade deals in 90 days," only agreements with the UK and Vietnam have been announced, leading to scepticism about progress and economic uncertainty for American businesses.
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