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Trump to Impose Tariffs on 10-12 Countries Starting August

7/6/2025

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Summary

Story summary

President Trump plans to send tariff letters to 10-12 countries, effective August 1.
Proposed tariff rates will vary from 10% to 70%.
Countries have until July 9 to negotiate before tariffs are implemented.
While specific countries are not named, the EU and Japan could see major increases.
The initiative aims to enhance U.S. revenue and promote domestic product demand.

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Story summary

President Trump plans to send tariff letters to 10-12 countries, effective August 1.
Proposed tariff rates will vary from 10% to 70%.
Countries have until July 9 to negotiate before tariffs are implemented.
While specific countries are not named, the EU and Japan could see major increases.
The initiative aims to enhance U.S. revenue and promote domestic product demand.