The Republican leader did not elaborate on which countries would be charged how much tariffs, or if the tariffs would be charged at higher rates on certain goods.

STORY: Donald Trump says Washington will start sending letters to countries Friday (July 4), informing them what tariff rates they will face.Speaking to reporters before boarding Air Force One, he said it was too much to expect full deals with every nation:“My inclination is to send a letter out and saying what tariff they're going to be paying.

The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

Trump said the U.S. will impose a 20% tariff on Vietnamese exports to the U.S. Goods transshipped through Vietnam will get 40%.

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.