Donald Trump Announces Start of Tariff Payments for Countries from August 1

US President Donald Trump has revealed that countries will need to begin paying tariffs starting from August 1. The administration will send letters to trading partners this Friday, with tariff rates ranging from 60%-70% to 10%-20%. Trump's ultimatum comes as negotiations on avoiding higher US levies reach a critical phase.

Jul 4, 2025 - 11:29
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Donald Trump Announces Start of Tariff Payments for Countries from August 1

US President Donald Trump announced that his administration will begin sending letters to trading partners regarding their tariff rates starting Friday, as negotiations to avoid increased US levies near completion.

Trump stated that 10-12 countries will receive letters on Friday, with tariffs ranging from 60%-70% to 10%-20%. Countries are expected to commence paying tariffs from August 1, according to Trump.

The President emphasized that these tariffs will cover a range of values, from 60-70% to 10-20%. He mentioned that around 10-12 letters will be sent out on Friday, with more to follow in the coming days.

Trump had previously warned that failure to reach agreements by the July 9 deadline would result in higher tariffs being imposed. The US has already reached deals with the UK and Vietnam, and a truce with China has led to a reduction in tariffs between the two largest economies.

In discussions with India, Trump suggested the possibility of a trade deal that would reduce tariffs for both countries, benefiting American companies in India's vast consumer market. The US has been urging India to lower tariffs on various American agricultural products, including soybeans, wheat, corn, apples, ethanol, and dairy items.

India has been reluctant to make significant changes, citing the need to protect its farmers and food security system. The country's agricultural sector supports a large portion of its population, and any alterations to tariffs or import policies could have significant repercussions.

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