U.S. President Donald Trump announced Friday that letters outlining new tariffs—ranging from 10% to a staggering 70%—will be sent to 12 countries as early as Monday. The move, described as a 'take it or leave it' offer, escalates global trade tensions amid stalled negotiations with major partners like the EU and Japan.
From Negotiations to Ultimatums 📉
Originally proposing a 10% base rate in April, Trump later suspended higher tariffs to allow talks. But patience has worn thin: 'The letters are better… much easier to send a letter,' he told reporters aboard Air Force One. The revised strategy shifts from prolonged diplomacy to hardline deadlines, with most tariffs set to kick in August 1.
Who’s Affected? 🤔
While Trump declined to name the 12 countries, deals with the UK and Vietnam hint at preferential terms for allies. Meanwhile, India and the EU remain in limbo, with EU diplomats admitting talks have stalled. Markets brace for ripple effects as the July 9 deadline looms.
Why It Matters 💼
This isn’t just about tariffs: agricultural bans, auto sectors, and duty-free access are all in play. Past trade deals took years to finalize—Trump’s aggressive timeline? A high-stakes gamble. Stay tuned for Monday’s reveal! 🔥
