Trump: Levy Letters To Go Out To US Trading Partners From Monday
U.S. President Donald Trump stands next to U.S. Secretary of Commerce Howard Lutnick, as he speaks to members of the media, upon his arrival at Morristown Airport, in Morristown, New Jersey, U.S., July 6, 2025. REUTERS/Nathan Howard
WASHINGTON, July 7 (Bernama-dpa) -- The United States will deliver letters to its trade partners outlining new deals and tariffs from Monday, US President Donald Trump said on Sunday, reported German news agency dpa.
Trump set a baseline levy of 10 per cent on imports from almost all trading partners in April, followed by a wave of higher so-called reciprocal tariffs on individual countries based on trade deficits.
He then paused the reciprocal tariffs on most trading partners for 90 days, which is set to expire on July 9.
Letters about tariffs, or deals, would be delivered "to various countries from around the world" from midday Monday (1600 GMT), Trump wrote on Truth Social.
An additional 10 per cent tariff would be charged to "any Country aligning themselves with the Anti-American policies of BRICS," he added in a second post.
"There will be no exceptions to this policy. Thank you for your attention to this matter!"
The acronym BRICS stands for the first five members: Brazil, Russia, India, China and South Africa. In early 2024, Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates joined, followed by Indonesia in 2025.
Earlier on Sunday, Trump told reporters he believed the US "would have most countries done by July 9, either a letter or a deal."
His commerce secretary, Howard Lutnick, then clarified the new tariffs would go into effect on August 1.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
32 minutes ago
- The Star
Apple takes fight against $587 million EU antitrust fine to court
BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe's second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European Commission in a decision in April said the iPhone maker's technical and commercial restrictions that prevent app developers from steering users to cheaper deals outside the App Store breached the Digital Markets Act. ($1 = 0.8522 euros) (Reporting by Foo Yun Chee; editing by Barbara Lewis)
The Sun
33 minutes ago
- The Sun
Thailand offers zero tariffs on US goods in new trade proposal
BANGKOK: Thailand has submitted a revised trade proposal to the United States, offering to eliminate tariffs on a significant number of American imports. The move aims to prevent the US from imposing a 36% levy on Thai goods after a temporary 10% cap expires on July 9. Finance Minister Pichai Chunhavajira confirmed the updated proposal, which includes commitments to increase imports of US products and achieve trade balance within a decade. The US is Thailand's largest export market, accounting for 18.3% of shipments worth $54.96 billion in 2023. However, Washington reported a $45.6 billion trade deficit with Thailand, prompting threats of higher tariffs if negotiations fail. Pichai stated that the new proposal addresses US concerns while protecting Thai interests. 'We adjusted the proposal based on their feedback, focusing on areas of mutual benefit,' Pichai said. 'We are offering zero tariffs on a substantial number of items, though not across the board.' The US Trade Representative acknowledged Thailand's efforts but suggested minor refinements. Key Thai exports to the US include computers, telecommunication equipment, and rubber products, while major imports from the US are crude oil, machinery, and chemicals. Pichai highlighted plans to boost imports of US natural gas and reduce tariffs on American corn, currently taxed at 73%. In June, Thailand's PTT Group signed a 20-year deal to purchase 2 million metric tons of liquefied natural gas annually from the Alaska LNG project, a $44 billion initiative supported by former US President Donald Trump. Thailand's economy faces challenges, including weak consumption, rising debt, and trade uncertainties. The central bank projects 2.3% growth in 2024, down from 2.5% last year. Pichai warned that US tariffs could further limit growth to just over 1%. Trade discussions are expected to continue beyond the tariff pause, as negotiations involve multiple stakeholders. 'It's not just about tariffs but expanding trade opportunities,' Pichai added. - Reuters
The Star
33 minutes ago
- The Star
China says BRICS not seeking 'confrontation' after Trump tariff threat
RIO DE JANEIRO: Prime Minister Datuk Seri Anwar Ibrahim attends the BRICS Leaders' Summit on Monday (July 7, 2025). - Photo: Bernama BEIJING (AFP): China said on Monday that BRICS, the grouping that also includes Brazil, Russia and India, was not seeking "confrontation" after US President Donald Trump vowed to impose an extra 10 per cent tariff on countries aligning with the bloc. "Regarding the imposition of tariffs, China has repeatedly stated its position that trade and tariff wars have no winners and protectionism offers no way forward," foreign ministry spokeswoman Mao Ning said. Trump said he would send the first tariff letters to various countries on Monday, days before his deadline for trading partners to reach a deal expires. He said on Sunday he would send a first batch of up to 15 letters, warning that US levies on imports would snap back to the high levels he set in April if countries failed to make agreements. And, in a post on his Truth Social network, he threatened a further 10 percent tariff on countries aligning themselves with the emerging BRICS nations, accusing them of "anti-Americanism" after they slammed his tariffs at a summit in Rio de Janeiro on Sunday. Conceived two decades ago as a forum for fast-growing economies, BRICS has come to be seen as a Chinese-driven counterbalance to US and western European power. However, Beijing defended the grouping on Monday as "an important platform for cooperation between emerging markets and developing countries". "It advocates openness, inclusivity and win-win cooperation," Mao said. "It does not engage in camp confrontation and is not targeted at any country," she said. - AFP
