President Trump said he was preparing to set unilateral tariff rates of up to 70% that would kick in Aug. 1, delaying the levies while putting pressure on global trade negotiations.The European Union will hold crunch talks with the U.

The move marks a major escalation in his push for what he calls “reciprocal” trade and comes just five days ahead of a self-imposed July 9 deadline for countries to strike deals with the US. Trump told reporters that “10 or 12” letters will be sent Friday,

New deal includes steep tariffs on “transshipped” goods from countries like China that route through Vietnam. President Donald Trump was going to notch 90 trade deals in 90 days. Easy. Art of the deal.

President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.