In April, Trump announced that he is reducing tariffs on most countries to 10% for 90 days, rather than the higher rates he had originally applied, to allow time for negotiations to take place.

The U.S. government is getting ready to send letters to its trading partners starting this Friday, July 5. These letters will tell other countries what new tariff rates they will have to pay when sending goods to the United States.

US President Donald Trump said that his administration will start sending out letters to trading partners on Friday setting unilateral tariff rates, which he said countries would have to begin paying on Aug.