Trump: "Tariff Notices Will Be Sent to Each Country Starting Friday"

Doohyun Hwang

Summary

President Trump stated that starting from the 4th, he will send official notices specifying the tariff rates on U.S. exports and imports to multiple countries.
He mentioned that the tariff rates would be in the range of 20% to 30%, and that most countries will be unilaterally notified.
As a result, the imposition of tariffs without trade agreement negotiations is expected to have a direct impact on the investment environment.

Donald Trump, the President of the United States, announced that he will send official notices to each country specifying the tariff rates on U.S. exports and imports.

According to Reuters on the 3rd (local time), President Trump, before departing for Iowa, told reporters, "Starting from the 4th, we will begin sending letters regarding tariffs to several countries," adding, "Notices will be sent to around 10 countries." He continued, "How many among over 170 countries can we negotiate with? It is very complicated," emphasizing his preference for a uniform tariff notice approach.

He mentioned that the tariff rates stated in the letter would be "in the range of 20% to 30%." This measure is interpreted to mean that the United States intends to unilaterally set and notify tariff rates for most countries without separate negotiations.

President Trump stated that, following the announcement of a bilateral trade agreement with Vietnam the previous day, he would continue individual negotiations with certain countries. However, for most countries, he said he would choose to impose tariffs directly without negotiations. Previously, senior officials of the Trump administration set a goal in April of "pursuing trade agreements with 90 countries within 90 days," but experts have been skeptical considering past trade negotiations.