US President Donald Trump said he would start broadcasting letters to US business partners from this day to start charging unilateral tariff rates that the country will have to pay from August 1.
When he talked to reporters, the President said tariff rates could start between 10-20 % and could increase up to 70 percent.
“They will range from about 60 or 70% of tariffs to 10 and 20% of tariffs,” he said.
On Friday they will be sent about “10 or 12” letters, revealed Trump and added that other letters would go “in the next few days”.
“I think they will be fully covered for the ninth,” Trump added, referring to the deadline of July 9, who previously created to get into the US stores to avoid higher imports he threatened.
The Republican leader has not worked on which countries will be charged, how many tariffs, or if tariffs are charged for higher rates for certain goods.
If the 70 % tariff that Trump claimed is implemented, it would be higher than any American tariffs that the President originally outlined during his “liberation” introduction of April 2.
The country would have to start paying taxes to the US by August 1, the president said.
“Money will start to come to the United States 1. August.”
Also read | Who hit the agreement with us before 9 July? Who is fighting?
US business agreements so far
Since now, only three countries – China, Vietnam and the United Kingdom – have signed business agreements with the US.
However, two were announced for weeks and then there was no new development of specific development, with the exception of a trade agreement with Vietnam, although Trump is teasing more stores.
Also read | China shares increases on signs of de-espaliation tensions of Chinese American trade; HK slips
Trump announced an agreement with Vietnam on Wednesday and stated that the US would place a 20 % tariff on Vietnam exports to the US and a 40 % rate for goods considered to the nation.
The US President initially announced his higher so -called “reciprocal” tariffs on April 2, but suspended them for 90 days to allow countries to negotiate.
Last month he recalled negotiating interviews with Canada and called it a difficult country.
Trump was asked on Thursday to see if other shops would soon appear.
Also read | Trump can start saying nations to new tariff rates on Friday
“We have several other stores, but you know, my affection is to send a letter and say what tariffs will pay,” he said.
For business conversations in India in India
Meanwhile, Donald Trump and his representatives repeatedly teased the upcoming trade agreement with India, with the negotiators reaching Washington DC to participate in interviews.
India and the United States are likely to be completed by the Provisional or “Mini Trade Agreement” over the next 48 hours, while negotiations in Washington, DC, report reports on July 3.
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