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Trump: Letters telling countries their tariff rate going out Friday

Reuters · New
Reuters
Reuters
New

President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.

BreakdownGenerated by LeadStory AI
  • The US will send letters to countries outlining new tariff rates on exports.
  • This marks a shift from earlier plans to negotiate numerous individual trade deals. 36s
  • About 100 countries will face a 10 percent tariff, down from an initial list of 123. 1m 0s
  • Major partners like the EU, Japan, and India may face higher tariffs under the new plan. 1m 13s
  • Countries not engaged in talks, such as Thailand and Lesotho, could see tariffs as high as 36 to 50 percent. 1m 25s
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.