Phyrex
Phyrex|Jul 04, 2025 07:29
Trump: Official letters will be sent to 10-12 trading partner countries starting from July 4th, informing them that the United States will impose unilateral tariffs ranging from 10-20% to 60-70%, and these tariffs will officially begin on August 1st. More such letters will be sent in the coming days. Besent: It is expected that about 100 countries will be included in the list of at least 10% reciprocal tariffs, and a large number of trade agreements are expected to be signed before July 9th. If an agreement can be reached before this time, the minimum tariff rate of 10% may apply, otherwise tariffs will be raised again. At present, the UK and Vietnam have reached a preliminary agreement to accept tax rates of 10% and 20%, while countries such as China, India, and Japan may face higher tax rates, and some small and medium-sized countries may even be subject to a levy of up to 50%. It is expected that July 9th will be a critical milestone, and whether an agreement can be reached will directly affect the tariff levels applicable to each country.
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