Trump Signs Letters with New Tariffs, Threatens Up to 70% Surtaxes

U.S. President Donald Trump announced that he has signed letters to 12 countries outlining the tariffs they will face on products exported to the United States. According to Trump, these letters contain “take it or leave it” offers that are set to be sent out on Monday, with the new tariffs expected to be enforced starting August 1st. Speaking to reporters aboard Air Force One, Trump emphasized, “I signed some letters, and they will be sent on Monday, probably twelve. Different amounts of money, different amounts of tariffs.”

New Tariffs and Surtaxes Could Reach 70%

Trump also stated that the additional surtaxes could reach up to 70%, varying depending on the country, which is significantly higher than the 10% base tariff announced in April. He explained that the previous 90-day suspension period for these extra tariffs expired on July 9th, which “prompted the government to take a tougher stance.” This move reflects the administration’s shift from negotiation to enforcement, signaling an escalation in the ongoing trade tensions.

“I signed some letters, and they will be sent on Monday, probably twelve. These letters detail different amounts of tariffs for each country different amounts of money, different levels of tariffs. This is a clear ‘take it or leave it’ offer. We’ve been patient during negotiations, but now it’s time to enforce our policies and protect American industries.”  U.S. President Donald Trump.

Difficulties in Trade Talks with Key Partners: initially, the Trump administration intended to negotiate tariff levels with major trading partners such as Japan and the European Union. However, repeated setbacks and stalled talks caused the President to abandon these efforts in favor of sending formal letters. “Letters are better it’s much easier to send a letter,” Trump remarked, highlighting his preference for a more direct approach. 

Read more:Trump Warns of Risk of World War III but Says the U.S. Is Well Positioned to Prevent It

So far, trade agreements have only been finalized with the United Kingdom where a 10% tariff was maintained alongside preferential treatment for key sectors and with Vietnam, which saw tariffs lowered to 20% from previously threatened rates as high as 46%. Negotiations with India and the European Union have not progressed, and both parties appear to be seeking to maintain the status quo to avoid further tariff increases.

Global Market Impact and Future Expectations

This new strategy indicates a firmer and more assertive position from the White House amid a global trade war that has unsettled financial markets and disrupted global supply chains. Economic analysts are closely monitoring the repercussions, as the imposition of higher tariffs could provoke retaliatory measures and impact international trade flows. 

The business community and governments worldwide remain attentive to how the affected countries will respond to these U.S. tariff measures and whether any diplomatic solutions can be reached before the August 1st enforcement deadline. Recommendation: save your economy.