Trump Tariffs Today Live Updates: US Sends Tariff Letters To 14 Nations, Slaps 25-40% Levies
Donald Trump Tariffs Live Updates: US President Donald Trump on Monday sent tariff letters to 14 nations, with Japan and South Korea being the first recipients, imposing taxes ranging from 25% to 40% on their imports, as he started dispatching the first batch of letters to various nations, days before his deadline for trade partners to reach new deals expires.
Trump made the announcement on his Truth Social platform, stating that the tariff letters and/or deals would be delivered to various nations around the world. The timing for the first tariff letter to be sent by Trump will be 9:30 PM India Standard Time (IST).
“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! DONALD J. TRUMP, President of The United States of America,” the US President wrote.
Additionally, in a separate post, Trump also threatened an additional 10% tariff on countries aligning with the emerging BRICS bloc, accusing them of “anti-Americanism” after they criticised his trade policies at a summit held in Brazil’s Rio on Sunday.
Meanwhile, US Treasury Secretary Scott Bessent said the re-imposed tariffs would not take effect until 1 August, giving negotiators a few extra weeks to reach agreements.
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