The United States plans to reinstate reciprocal tariffs for countries without negotiated agreements during a 90-day pause, as stated by Treasury Secretary Scott Bessent. This announcement followed President Trump’s remarks while visiting the UAE, indicating that tariff rates would be communicated soon. The administration is focusing on 18 key trading partners, with a potential for additional regional deals. The pause, set to end on July 9, has temporarily reduced duties on imports from countries like Vietnam, India, and Japan, which had faced significant tariff increases.

Source: https://www.supplychaindive.com/news/trump-signals-return-of-reciprocal-tariff-trade-deal-negotiations/748459/