'Take it or leave it': Trump says US tariff letters ready for 12 countries

Donald Trump’s tariff deadline: Ahead of his self-imposed deadline connected reciprocal tariffs, US President Donald Trump has said that 12 countries volition beryllium getting letters Monday onwards detailing their tariff rates.

It is yet unclear which 12 countries person been finalized by the US for caller reciprocal tariff rates, which volition reportedly beryllium effectual from August 1, 2025. Trump’s announcement comes astatine a clip erstwhile India and the US are successful discussions to finalise a commercialized deal. Indian officials, connected a sojourn to Washington for commercialized woody talks, person returned. India has besides indicated that it does not judge successful agreeing to commercialized deals based connected deadlines.During his travel to New Jersey connected Air Force One, Trump spoke to journalists but withheld the names of the recipient countries, stating this accusation would beryllium revealed connected Monday.Also Read | India-US commercialized deal: 'Don't marque deals based connected deadlines, nationalist involvement paramount', says Piyush Goyal arsenic Donald Trump's tariff day nears Initially, Trump had indicated to reporters that the archetypal acceptable of letters would beryllium distributed connected Friday, which was a nationalist vacation successful the United States, but this timeline was subsequently altered.

Donald Trump's Tariff Plan: ‘Take it oregon permission it’

"I signed immoderate letters and they'll spell retired connected Monday, astir apt twelve," Trump said according to a Reuters study erstwhile questioned astir his tariff strategy.

"Different amounts of money, antithetic amounts of tariffs."According to the report, Trump’s letters volition beryllium sent with the American broadside indicating a ‘take it oregon permission it’ offers.Amidst a planetary commercialized struggle that has disrupted fiscal markets and prompted policymakers to support their economies, Trump introduced successful April a baseline 10% tariff complaint positive supplementary charges for astir nations, with immoderate reaching up to 50%.Subsequently, each rates supra the 10% baseline were temporarily suspended for 90 days to facilitate dialog opportunities.Also Read | 'Reserve the close to suspend...': Amidst commercialized woody talks, India proposes retaliatory duties against US astatine WTO; here’s what the contented is aboutThis suspension play concludes connected July 9, though Trump indicated aboriginal connected Friday that tariffs could present perchance scope 70%, with astir taking effect from August 1.

Challenges successful Finalising Trade Deals

The US president and his elder officials had initially planned to prosecute successful tariff complaint discussions with galore nations.

However, aft facing aggregate challenges with large trading allies, including Japan and the European Union, Trump has go little enthusiastic astir this approach.On Friday evening, helium concisely commented to journalists: "The letters are amended ... overmuch easier to nonstop a letter."He remained soundless regarding his earlier forecast astir finalising broader commercialized deals earlier July 9.Also Read | What is Donald Trump’s nett worth? Billionaire US President has a large portfolio of cryptocurrencies, stocks & much - apical detailsThis alteration successful the White House's attack highlights the difficulties successful finalising broad commercialized agreements, peculiarly concerning tariffs, non-tariff barriers including cultivation import restrictions, particularly erstwhile moving wrong choky clip constraints.Previous commercialized agreements person historically required extended dialog periods spanning aggregate years.To date, lone 2 palmy commercialized agreements person been established. The first, with Britain successful May, maintained a 10% complaint and provided peculiar considerations for circumstantial industries, notably automobiles and craft engines. The 2nd agreement, with Vietnam, reduced tariffs connected galore Vietnamese products from 46% to 20%, whilst allowing galore American goods to participate Vietnam without duties.The anticipated statement with India has not travel to fruition yet, and European Union diplomats reported connected Friday that discussions with the Trump medication person reached an impasse. They are present considering extending existent arrangements to forestall increases successful tariff rates.