Trump: Starting July 4, formal letters will be sent to 10-12 trade partner countries, informing them that the United States will impose unilateral tariffs, with rates ranging from 10-20% to 60-70%, and these tariffs will officially start on August 1. More such letters will continue to be sent in the coming days.

Besent: It is expected that about 100 countries will be included in the reciprocity tariff list of at least 10%, and a large number of trade agreements are expected to be signed before July 9. If an agreement can be reached before this time, the minimum tax rate of 10% may apply; otherwise, tariffs will be raised again.

Currently, the UK and Vietnam have reached preliminary agreements accepting tax rates of 10% and 20%, while countries like China, India, and Japan may face higher rates, and some smaller countries may even be subjected to rates as high as 50%. July 9 is expected to be a critical juncture, and whether agreements can be reached will directly affect the tariff levels applicable to various countries.