The U.S. plans to impose tariffs ranging from 10% to 70% on imports from certain countries starting August 1, as President Trump’s 90-day pause on specific duties nears its end. Letters detailing these rates will be sent to trading partners that haven’t negotiated deals before the July 9 deadline. Treasury Secretary Scott Bessent emphasized that countries failing to reach agreements will revert to the original tariff levels announced in April. While the U.S. has secured deals with three countries, including Vietnam, the deadline does not extend the tariff pause.
Source: https://www.supplychaindive.com/news/trump-tariffs-letters-trade-deals-deadline/752317/