President Donald Trump announced early Friday that his administration will reinstate tariffs on dozens of countries starting August 1, ending a 90-day pause aimed at securing new trade agreements.
Speaking at Joint Base Andrews just after midnight, Trump said countries would be notified individually, with letters going out daily until July 9. Tariffs will range from 10% to 70%, based on trade deficits and previous negotiations.
“We’re giving them a bargain,” Trump said, adding that most countries will default to a 10% baseline tariff if no deal is struck.
Initial tariffs were introduced in April, prompting market volatility and a temporary rollback. A few nations, including Britain, Vietnam, and China, have negotiated lower rates. Roughly 100 others remain without finalized deals.
The tariffs are legally justified by claiming that trade imbalances threaten national security — a stance under court review. Separate tariffs on lumber, copper, and airplanes remain unaffected.
The move follows Thursday’s House passage of Trump’s sweeping tax and spending bill. A signing ceremony is scheduled for Friday.
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