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Event ends: August 9, 16:00 UTC
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On July 5, according to CCTV news reports, on July 4 local time, U.S. President Trump stated that the U.S. government would begin sending letters to trade partners starting that day, setting new unilateral tariff rates. Trump said the new tariffs would "most likely" take effect from August 1.
Trump stated that starting from the 4th, the United States will send letters to multiple countries, expecting "10 or 12" to be sent out on that day, with more letters to be mailed out in the coming days. Trump mentioned that he anticipates these letters will all be delivered by the 9th. Previously, Trump set July 9 as the deadline for tariff negotiations.
Regarding the new tariffs to be set, Trump said, "Tariff rates could range from 60%, 70% to 10%, 20%." Trump stated, "We have completed the final text of the (letter), which will basically outline how much these countries will have to pay in tariffs" #Gate VIP 焕新升级#