President Trump has announced plans to notify over 150 countries of a new standardized tariff rate — likely 10% or 15% — as part of a sweeping expansion of his trade agenda. These letters, which will be sent out soon, effectively serve as notice that tariffs will take effect unless new trade terms are agreed upon before August 1.
While Trump claims these letters are “deals,” many of the targeted countries — mostly smaller economies — are left scrambling. Economists say this move may offer some predictability, but also signals ongoing volatility. Key U.S. trade partners like the EU and Canada remain uncertain, with some facing even steeper tariffs. The move has rattled markets and may further complicate global trade relationships.
Source link
