#TrumpTariffs

Trump signed a decree on Monday extending the deadline for trade agreements with Washington by countries that want to avoid U.S. retaliatory tariffs to August 1. Initially, negotiations were set to conclude on July 9.

Earlier that day, Donald Trump published online copies of letters addressed to 14 countries, in which he announced the introduction of new tariff rates against them starting August 1.

The rates announced on Monday are similar to the tariffs that Trump presented in early April during what was called Liberation Day. At that time, the president announced a minimum tariff rate of 10% for all countries and - suspended a few days after their introduction - higher rates for nearly 60 countries that have a trade surplus with the U.S.

Trump announced then that the suspension of the higher tariffs would last for 90 days, until July 9. During this time, the U.S. concluded two trade agreements - with the United Kingdom and Vietnam.