Washington, D.C. — United States President Donald Trump has signed letters directed at 12 countries, outlining potential tariff levels on goods they export to the U.S. These formal communications, described by officials as “take it or leave it” offers, are scheduled to be sent out on Monday, July 7, 2025, signaling a critical juncture in the administration’s trade policy.
The development comes as the clock ticks down on a 90-day period allocated for trade negotiations, which is set to expire on July 9th. Failure to reach new agreements with targeted trading partners could trigger substantial tariff increases, some reaching significantly higher levels than initially proposed by the administration.
Escalating Stakes in Trade Talks
Speaking to reporters aboard Air Force One on Saturday, July 5th, President Trump confirmed the signing of the letters but declined to name the specific countries involved. He stated that the identities of the targeted nations would be made public upon the letters’ dispatch on July 7, 2025.
The potential tariff rates outlined in the letters could range dramatically, from a base of 10% up to a staggering 70%. This upper limit represents a substantial increase compared to the administration’s initial proposals made in April. At that time, President Trump had announced a 10% base tariff rate on certain imports, with additional amounts potentially pushing some rates as high as 50%. However, these additional tariffs were suspended for 90 days to allow for intensive trade negotiations with affected countries.
Limited Progress Ahead of Deadline
Since the April suspension and the commencement of the negotiation window, few comprehensive trade deals have been announced. The period, intended to provide a pathway to avert higher tariffs through bilateral agreements, has yielded limited breakthroughs.
Notable exceptions include an agreement reached with Britain, which maintained a 10% tariff rate and secured preferential treatment for key sectors such as autos and aircraft engines. Another deal was finalized with Vietnam, resulting in a reduction of tariffs from 46% down to 20% on certain goods, alongside many U.S. products gaining duty-free access to the Vietnamese market.
However, an expected deal with India did not materialize during the negotiation period. Similarly, diplomats from the European Union have reportedly failed to reach a breakthrough in their discussions with U.S. counterparts, potentially seeking an extension to the current status quo to avoid the imposition of increased tariffs.
August 1st Deadline Looms
The potential commencement date for these new tariffs was further clarified on Sunday, July 6, 2025. U.S. Treasury Secretary Scott Bessent stated that U.S. tariffs would officially commence on August 1st if trade deals are not successfully negotiated with trading partners. Secretary Bessent emphasized the broad scope of these potential measures, noting they could affect partners “including those from Taiwan to the European Union.”
The dispatch of the letters on July 7th, just two days before the July 9th negotiation deadline and less than a month before the potential August 1st implementation date, underscores the administration’s firm stance. The “take it or leave it” nature of the offers, coupled with the possibility of rates reaching up to 70%, places significant pressure on the 12 targeted nations to swiftly conclude agreements that meet U.S. demands or face potentially steep economic consequences for their exports to the American market.