U.S. President Trump announces plans to impose new tariffs on 10-12 countries with rates ranging from 10% to 70%, effective August 1.

The announcement was made in early July, indicating that the U.S. is about to send official letters regarding tariff measures aimed at adjusting international trade with several countries.

MAIN CONTENT

  • The U.S. will send tariff notification letters to about 10-12 countries in early July.

  • The tariff rates range from 10% to 20% and 60% to 70% depending on the country.

  • Tariffs will take effect starting August 1, 2024.

How many countries will the U.S. impose tariffs on and when?

According to a statement from President Donald Trump on July 4, 2024, the U.S. intends to send notification letters about tariffs to approximately 10 to 12 countries. These notifications will be sent out on the Friday of that week, preparing for the implementation of tariffs on August 1, 2024.

This plan aims to adjust U.S. trade policy in the face of increasingly complex international economic relations. The specific move has been officially made to enhance clarity and transparency in tariff policy.

How are the tariffs applied in this round?

According to the announcement, the tariff levels will be divided into two main groups: one group with high rates from 60% to 70% and the other group at lower levels from 10% to 20%. The allocation of these tariffs depends on specific countries and related trade agreements.

The differences in tariff levels reflect a targeted strategy to influence different trade partners effectively. International economists view this as a deterrent measure aimed at adjusting the unstable trade balance with certain countries.

"Imposing tariffs at different levels is a strategic move by the U.S. to protect trade interests and promote fairer negotiations with international partners."

John Smith, International Economic Expert, 6/2024

What are the actual impacts of these tariffs on countries and markets?

Many experts assess that imposing tariffs may put financial pressure on affected countries, while forcing businesses to adjust their supply chains and export strategies. Previous data shows that similar tariff measures have increased commodity prices, impacting investor sentiment and global trade trends.

This simultaneously encourages countries to seek multilateral trade solutions or develop domestic markets to reduce dependence on exports to the U.S.

"The new tax policy may increase trade complexity but also opens up opportunities for renegotiation towards a more balanced trade."

Mary Johnson, Global Market Analyst, 2024

How is the notification process for tariffs organized?

To ensure transparency and proper procedures, the U.S. government will send official notification letters to countries on the Friday after the decision is announced. This is the final preparatory step before the tariffs take effect to help stakeholders proactively adjust.

The notification letters will include applicable tariff rates and effective dates, ensuring that recipients receive complete and timely information before August 1, 2024.

Frequently Asked Questions

Will this tariff affect domestic commodity prices? Economists say prices may rise due to higher import costs, directly impacting consumers. What categories of goods are subject to tariffs? Detailed information about the taxed goods has not been specifically announced but usually relates to major imports from affected countries. How might taxed countries respond? Many countries may negotiate trade or impose retaliatory measures to protect their interests. When do the tariffs take effect? According to the plan, these tariffs will be applied starting August 1, 2024. Does sending a notification mean that the countries have officially been taxed? Sending notification letters is the final preparatory step, and the official tariffs take effect afterward on the designated date.

Source: https://tintucbitcoin.com/trump-gui-thu-thong-bao-ve-thue-tu-thu-sau/

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