Trump signs tariff letters to be sent out to 12 countries on Monday

US President Donald Trump said on Friday, he has signed a set of letters to be sent to 12 countries notifying them of the tariff rates they will face on their exports to the United States. He declined to say which countries will receive the letters.

Trump said the tariffs will range in value "from 60 or 70 percent to 10 or 20 percent", and that the countries will start to pay the levies on August 1. The Trump administration is expected to continue last-minute negotiations with its trade partners as the pause in what it calls reciprocal tariffs is due to expire on Wednesday.