Donald Trump Signs Tariff Letters for 12 Countries with 'Take It or Leave It' Offers

U.S. President Donald Trump has signed letters to 12 countries detailing the tariff levels they will face on exports to the United States. The \"take it or leave it\" offers will be sent out on Monday.

Trump, speaking on Air Force One, did not disclose the countries involved, stating that the information will be made public on Monday.

Earlier, Trump had mentioned that the letters would be sent on Friday, but the date has been moved. In April, Trump announced a 10% base tariff rate with additional rates up to 50% for most countries. However, all rates except the 10% base rate were suspended for 90 days to allow for negotiations.

The suspension period ends on July 9, and Trump suggested that tariffs could go up to 70%, with most taking effect on August 1. Trump confirmed signing the letters, mentioning that they would be sent out on Monday, with varying tariff amounts.

Initially planning negotiations with numerous countries on tariff rates, Trump has shifted focus due to challenges with major trading partners. The White House's strategy change reflects the difficulty in reaching trade agreements quickly.

Trade agreements have historically taken years to finalize. Current agreements are with Britain, maintaining a 10% rate and offering preferential treatment in certain sectors, and with Vietnam, reducing tariffs on Vietnamese goods and allowing duty-free entry for many U.S. products.

According to the source: Mint.