The American Minister of Defense Pete Hegseeth listens while the US President Donald Trump speaks during a bilateral dinner with Israeli Prime Minister Benjamin Netanyahu (not shown), in the White House in Washington, DC, US, 7 July 2025. | Photocredit: Reuters/Kevin Lamarque
President Donald Trump said on Monday evening (local time) that the US close to reaching a trade agreement with India, even when he announced rates in 14 countries. While he spoke with reporters while he organized the Israeli Prime Minister Benjamin Netanyahu in the White House on Monday (local time), Trump stated that the US had closed a deal with the VK and China. He stated that he had sent a letter to the nations that he believed would not conclude a deal with the US.
To the question of the rates, Trump replied: “We spoke to everyone. … It was all done. I told you that we will close a number of deals, but for the most part we will send a letter. We are going to say, welcome to the United States if you have never had more than 90. Going to letter.
“If you want to play Ball, … This is what you have to pay … As far as I am concerned, we are ready. We send letters to different countries and tell them how many rates they have to pay. Some may adjust a bit, depending on the fact that we no longer have. Landing, we do the way I do it. We can get a lot more.
His comments came after he announced new rates for 14 nations, including Thailand, Myanmar, Bangladesh, Zuid -Korea and Japan, which will come into force on 1 August.
Erlier, Trump shared letters sent by his administration to 14 countries on his social media platform Truth Social, and informed them about the mutual rates that come into effect from 1 August. Trump first shared the letters sent to Japanese Prime Minister Shigeru Ishiba and President Lee Jae-Myung in South Korea. About two hours later he announced that similar letters were sent to Malaysia, Kazakhstan, South Africa, Myanmar and Laos.
He later shared tariff letters to leaders from other countries, including Thailand, Bangladesh, Indonesia, Tunisia, Bosnia and Herzegovina, Serbia and Cambodia. According to the letters, Thailand and Cambodia will each receive a rate of 36 percent, while and Bangladesh and Serbia each will be hit with a rate of 35 percent. In the letters, Trump said that Malaysia and Kazakhstan will each receive 25 percent rates. Myanmar and Laos will be confronted with a rate of 40 percent on their exported goods to the US. Indonesia is confronted with a rate percentage of 32 percent. The import from South Africa and Bosnia and Herzegovina will be subject to 30 percent rates on 1 August. According to the letters, Tunisia will get a rate of 25 percent. In the letters written to the South Korean president and the Japanese Prime Minister, Trump stated that Japan and South Korea will receive a rate of 25 percent from 1 August. In the letters, Trump threatened to increase the rate rate by the same amount as the countries decided to increase their rates on importing American products. However, the US president indicated that his willingness to reduce these rates if these countries revise their trade policy.
Earlier, the Minister of Witte Huis Karoline Leavitt announced that US President Donald Trump will sign a executive order in which he will postpone his TariefdeAdline of 9 July until 1 August. On April 2, Trump unveiled new “mutual” rates for important American trading partners, with a few rates up to 50 percent.
After the rates came into force on 9 April, they led to a sale on Wall Street, and rebuilded the bond market, as a result of which Trump was asked to announce a three-month break to give Nations more time to negotiate with the US, according to the CNN report.
Published on July 8, 2025
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