Trump to Announce Business Deals and Tariff Policies
In a significant development, former President Trump is set to send letters to a dozen countries on July 9, 2025, regarding tariffs or potential trade agreements. The specific countries have not been disclosed, but the administration has already signed deals with the United Kingdom and Vietnam, has a limited deal with China, and is close to agreements with India and the European Union.
The letters are expected to outline tariff rates ranging from 10 or 20 percent to as high as 60 or 70 percent. These tariffs are scheduled to take effect on August 1. The move comes in response to imports from these countries, and there are also special tariffs on certain products, such as steel, aluminum, and auto imports, in addition to the base tariff.
In April, Trump introduced a base tariff of 10 percent on almost all imports from the European Union, which he later suspended for a three-month negotiating period that ends on July 9. The tariffs are part of Trump's policy aimed at increasing production in the USA.
Commerce Secretary Gina Raimondo announced this in a joint statement, but it remains unclear if EU countries will receive letters or if they are part of the potential deals. It's also uncertain if letters will be sent to other countries, such as those in the Brics alliance.
The Brics acronym stands for Brazil, Russia, India, China, and South Africa, with Iran, Egypt, Ethiopia, and the United Arab Emirates joining at the beginning of 2024. China has criticized Trump's use of tariffs as a means of pressure, emphasizing that the Brics alliance is based on cooperation, not confrontation. Russia also criticized the increase in unilateral tariffs in trade policy on Sunday in Rio de Janeiro.
Arbitrarily imposing tariffs serves neither the interests of one side nor the other, according to Foreign Ministry spokeswoman Hua Chunying in Beijing. Trump's threats of additional tariffs come against the backdrop of the Brics group's criticism of his trade policies.
US Treasury Secretary Janet Yellen expects many deals to follow from the letters about new tariffs or potential trade agreements. The dispatch of letters begins at 12:00 noon (local time). Trump has threatened Brics countries with an additional 10 percent tariff if they join the anti-American policy of the Brics group.
It's an interesting time in global trade relations as Trump continues to engage in tariff negotiations with various countries. The outcome of these letters and negotiations will undoubtedly have significant implications for international trade and relations.
[1] Source: White House Press Release, July 8, 2025.
- The letters from Trump, to be sent on July 9, 2025, are anticipated to cover policy on tariffs and potential trade agreements, particularly with countries such as the Brics alliance members, amidst ongoing war-and-conflicts and politics discussions across general news and crime-and-justice platforms.
- In light of the imposed tariffs and the potential rise in trade tensions, China, a member of the Brics alliance, has criticized Trump's use of tariffs as a means of pressure, advocating instead for cooperation over confrontation in theQtreaty relations.
- While implementation of new tariffs may impact international trade and relations, US Treasury Secretary Janet Yellen forecasts that numerous deals will ensue following the communication contained in these letters addressing tariffs or potential trade agreements, which are set to be dispatched at 12:00 noon on July 9, 2025.
