President Trump said his administration will begin sending letters to trading partners on Friday laying out what tariff rates they will face on imports to the US.
Countries will have to start paying the duties from Aug. 1, Trump told reporters on Thursday.
The move marks a shift from earlier US optimism that talks would deliver scores of deals with its more than 170 trading partners, under pressure to beat a July 9 tariff deadline.
The “take it or leave it” letters go out with just days to go to that deadline for resumption of sweeping tariffs laid out in April by Trump.
Bloomberg reports: