President Trump will begin notifying countries Monday of new tariff rates set to take effect August 1, officials confirmed. The move follows Trump’s earlier pause on “reciprocal” tariffs, which were announced April 2 but reduced to 10% for 90 days. That pause expires Wednesday.
Treasury Secretary Scott Bessent told CNN that the administration will send “probably 100 letters to small countries” and that tariffs will revert to higher April 2 levels unless deals are finalized. “We’re going to see a lot of deals very quickly,” Bessent said.
Trump said the letters may include announcements of new trade deals, mentioning ongoing talks with the United Kingdom, China, and Vietnam.
Commerce Secretary Howard Lutnick emphasized that although the letters are going out now, the tariffs won’t take effect until August 1, leaving room for last-minute agreements.
The White House’s approach underscores a pattern of aggressive trade posturing softened by delays, as Trump continues to leverage tariffs as a bargaining tool.
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