US President Donald Trump To Send Letters To Countries Stating Tariff Rates

President Donald Trump has announced that the US administration will start sending letters informing trading partners of their tariff rates as soon as Friday, even as negotiations with various countries including India to avoid higher US levies have stretched into the last lap.

Trump told journalists late on Thursday that about “10 to 12 countries will get letters on Friday with additional letters coming “over the next few days.”

He



said that the tariffs will range in value from 60 per cent to 70 per cent and 10 per cent-20 per cent, which these countries will have to start paying from August 1, to do business with the US. “My inclination is to send a letter out and say what tariffs countries are going to pay. 

We have more than 170 countries. And how many deals can you make? And you can make good deals, but they’re very much more complicated,” media reports cited Trump as saying.