U.S. President Trump stated on the 3rd that starting as soon as the 4th (Friday), letters will be sent to trade partners to notify them of the 'reciprocal tariff' rates, with about 10 trade partners being notified each day.
He pointed out that he prefers to impose a unified tariff of 20%, 25%, or 30% on each country.
He said: 'I would rather send a letter stating that this is the price you have to pay to do business in the United States.'
According to U.S. Treasury Secretary Besant, Trump will decide how to proceed based on each country’s sincerity in negotiations. It is estimated that about 100 trade partners will be subject to a minimum 10% reciprocal tariff, with further adjustments to be made according to circumstances.
The U.S. global 'reciprocal tariff' grace period will expire next Wednesday (the 9th).
Trump has previously reiterated that he has no intention to extend the grace period, and acknowledged that negotiating with over 170 trade partners is extremely difficult. Although more deals can be made through negotiations, the number of countries and regions involved makes it much more complex.
So far, the U.S. has only announced trade agreements with the United Kingdom and Vietnam.