Dhaka, July 5 -- Donald Trump has said the US will start sending letters to trading partners setting out tariff rates that countries will have to pay from the beginning of next month.
The US president told the media that about "10 or 12" letters would be sent out on Friday, with further letters sent out over the "next few days".His administration is expected to write to all of its trading partners without a deal in place before 9 July, the end of a 90-day pause on Trump's "reciprocal tariffs".
"I think by the ninth they will be fully covered," he said, referring to the deadline the US set for countries to reach bilateral trade deals to avoid higher duties. "They will range in value from maybe 60% or 70% tariffs to 10% and 20% tariffs."
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