President Donald Trump said the United States government will begin sending letters to countries with details of higher tariff fees in the United States that will begin on August 1.
According to Trump, between 10 and 12 letters will come out on Friday, with more in the next few days.
Import tariffs will range between “60% or 70% tariffs at 10 to 20% rates,” he said, whose upper end is higher than he had previously described.
Trump has also established a deadline on July 9 for negotiations on tax rates as countries fight to reach the agreements.
He previously said that there would be a 10% reference rate in many economies up to 50% maximum and did not say what assets of the countries the United States taxes would face, or if the rates would only apply to certain goods.
“My inclination is to send a letter and say what rate they will pay,” journalists told Thursday. “It's much easier.”
He added: “We are going to send some cards, probably starting tomorrow.”
Tariffs are taxes imposed on goods that enter a country, paid by the importer.
The idea is to have more money that flows to the United States government, and also make foreign goods more expensive, which increases the demand for goods made in the United States.
Trump's comments are presented before a deadline next week that could see more pronounced duties taxes on the goods in several countries.
These range from the European Union, which was previously threatened with 20% tariffs later to 50%, to Japan, which could face 35% tariffs on their goods.
The United Kingdom and the United States have partially agreed a commercial agreement, covering cars from the United Kingdom and American beef and bioethanol, but not steel.
The largest economies in the world, China and the United States, initially dedicated themselves to a Tit -for-OT commercial war that imposed massive “reciprocal” increases in April.
The United States imposed 145% tariffs on Chinese imports, while China put 125% tariffs on some goods.
(BBC)
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