US TO ANNOUNCE TARIFF AMOUNTS MONDAY ON ‘PROBABLY 12’ COUNTRIES

Sun 06 July 2025:

President Donald Trump said late Friday that the US will announce new tariff amounts Monday on up to 12 countries.

“I did, I signed some letters and they’ll go out on Monday,” Trump told reporters.

“Probably 12 different amounts of money, different amounts of tariffs and somewhat different statements,” he said.

Asked which countries would be affected, Trump declined to specify. “You’ll be announced,” he said. “I have to announce that on Monday.”

No further details were provided by the White House, including sectors targeted or tariff rates.

The announcement is expected to include a range of tariff levels and accompanying statements for each of the countries involved.

Trump has said he will write to about a dozen countries to tell them he will impose permanent tariffs of up to 70% after 9 July, his self-imposed deadline for more than 60 countries from Japan to Lesotho to reach a tariff deal.

“They’ll range in value from maybe 60% or 70% to 10% and 20% but they [the letters] are going to be starting to go out sometime tomorrow,” he told reporters.

EU trade spokesperson Olof Gill said on Friday evening that the EU’s priority continued to “favour a negotiated solution”.

He added that “progress was made towards an agreement in principle during the latest round of negotiations which took place this week” and negotiations would continue “on substance over the weekend”.

But the EU also made clear it is prepared for a potential trade war with retaliatory tariffs on everything from Bourbon to Boeing 747s if Trump walks away before Wednesday.

On Thursday, the European Commission president, Ursula von der Leyen, confirmed that the EU was after a high level framework deal, saying it would be too difficult to get a comprehensive deal in the time available.

The EU is also seeking immediate relief from tariffs in key sectors as part of the framework including the auto industry which has to deal with a 27.5% tariff, up from 2.5% before Trump started his trade aggression.

“What we are aiming at is an agreement in principle,” she said in Denmark. “That is also what the UK did.”

The 90-day pause on Trump’s “liberation tariffs” ends on Wednesday for more than 60 countries in addition to the EU which was more recently threatened with a 50% tariff.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

__________________________________________________________________________

FOLLOW INDEPENDENT PRESS:

WhatsApp CHANNEL
https://whatsapp.com/channel/0029VaAtNxX8fewmiFmN7N22