In Breaking News, former U.S. President Donald Trump has once again said he plans to send letters to several U.S. trading partners. These letters will explain new unilateral tariffs, or taxes on goods imported into the U.S., and could be sent out within the next one to two weeks. This move comes before a key deadline on July 9, when Trump could raise tariffs on dozens of countries.
This is part of Trump’s ongoing effort to push for better trade deals. Speaking at the John F. Kennedy Center for the Performing Arts in Washington, he said, “We’re going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is.” Trump added, “This is the deal—you can take it or leave it.”
1. Trump’s Tariff Plans Explained
These Daily news highlights reveal that Trump is serious about changing the way the U.S. handles trade with other countries. His plan includes:
- Sending letters to other countries announcing new tariff rates
- Giving them a short time to accept the new trade terms
- Saying the U.S. will move ahead with or without agreement
Trump says he is no longer waiting for long talks. Instead, he wants to move quickly and tell each country what the U.S. expects.
2. Trump’s History with Tariff Deadlines
While this may sound urgent, Trump has made similar announcements before and not always followed through. For example:
- In May, Trump said he would set tariff rates in 2 to 3 weeks, but nothing happened.
- In April, he announced higher tariffs but paused them for 90 days when markets reacted negatively.
These delays have made some people unsure whether Trump will actually raise tariffs this time. However, the July 9 deadline is approaching fast, and pressure is building.
3. What’s the Status of Trade Deals?
So far, the U.S. has made only limited progress on international trade talks. The current situation includes:
- A basic trade agreement with the United Kingdom
- A tariff truce with China, though tensions remain
- Ongoing talks with India, Japan, South Korea, and the European Union
Even the deal with China is not fully secure. This week, U.S. and Chinese officials held long meetings in London to sort out problems. Both sides have accused each other of breaking promises.
Still, Trump said the U.S.-China deal includes China sending important materials like rare earths and magnets, while the U.S. will allow more Chinese students to study at American universities.
4. What Could Happen Next?
Trump says he is open to extending the deadline, but also thinks it might not be needed. “I don’t think we’re gonna have that necessity,” he said.
At first, Trump said he would negotiate with each country individually. Now, he seems to be focusing only on the most important trading partners. His team says they don’t have enough resources to make dozens of different deals at once.
Commerce Secretary Howard Lutnick mentioned that a deal with the European Union may be the last one completed. He explained that it’s hard to negotiate with the EU because it has 27 member countries.
Why This Matters
This latest Breaking News is important because new tariffs could:
- Raise prices on imported goods in the U.S.
- Make it harder for other countries to sell their products in American markets
- Lead to more trade tensions or even trade wars
Global markets and foreign governments are watching closely. The U.S.’s next moves could affect jobs, prices, and international relationships.
As of now, all eyes are on July 9. Will Trump follow through this time? Will new tariffs take effect? Or will deals be made in time to avoid them?
Stay tuned to our Daily news highlights for updates on U.S. trade policies, tariffs, and other important global economic news.
