Trump to start sending tariff letters Friday; global duties begin August 1

The Trump administration will send letters to trade partners from Friday announcing unilateral tariff rates, which must be paid starting August 1

US President Donald Trump announced that the tariffs will range from 60 or 70 per cent to 10 or 20 per cent, adding that countries must begin payments by August 1. Speaking to reporters before departing for Iowa, Trump said that 10 to 12 letters will go out on Friday, with more expected over the following days. “I think by the ninth they’ll be fully covered,” he said, referencing the end of the tariff pause.

 

What are Trump’s ‘Liberation Day’ tariffs and who will they affect?

 

Trump imposed sweeping reciprocal tariffs on over 100 countries on April 2, aiming to boost domestic production. These included a 10 per cent baseline tariff on all imports and significantly higher rates for countries running trade surpluses with the US. Lesotho, Cambodia, and Vietnam faced tariffs of 50, 49, and 46 per cent respectively. India was assigned 26 per cent, and China 34 per cent.

 

  

Why were the tariffs paused, and which countries secured deals?

 

On April 9, just before implementation, the Trump administration announced a 90-day pause—expiring July 9—to allow countries to negotiate trade deals. So far, only the UK, Vietnam, and China have finalised agreements. Trump has repeatedly warned that countries failing to secure a deal by the deadline will face the announced tariffs.