President Trump and Secretary of Trade Howard Lutnick discuss upcoming trade agreements and letters while talking to reporters on 6 July 2025.
President Donald Trump and Secretary of Trade Howard Lutnick confirmed on Sunday that if countries do not conclude a trade agreement with the US by 1 August, they will return to the levels that were established in April.
Trump and Lutnick spoke with reporters on Sunday evening before they left Bedminster, New Jersey, when they were asked several questions about rates and trade agreements.
Trump told a reporter that his administration could send 12 to 15 letters to different countries on Monday, although some could go out as late as Tuesday or Wednesday.
In a late Sunday evening Truth Social Post, Trump said that the letters would go out on Monday at noon.
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“I am pleased to announce that the tariff letters of the United States and/or deals, with different countries from all over the world, will be delivered from Monday 7 July from noon (East),” Trump wrote. Thank you for your attention for this issue! “
Earlier on Sunday, Trump also confirmed that his administration has concluded some trade agreements, so what can be sent is a combination of letters and trade agreements.
When asked whether the rates will change on July 9 or August 1, Trump said: “It will be rates. The rates will be rates.”
“I think we did most countries before July 9 … a letter or a deal,” he added.
Lutnick also started and told the reporter that the rates will come into force on 1 August, and that Trump is currently determining the rates and closes the deals.
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US President Donald Trump holds a graph of “mutual rates” while speaking during a “Make America Wealthy Again” Trade Appuration event in the Rozentuin in the White House on 2 April 2025, in Washington, DC. (Chip Somodevilla / Getty Images / Getty images)
“The president is in the midst of discussing all kinds of deals with all kinds of countries,” said Lutnick. “And the Lord will decide on the right, and I will be with him if he makes that decision.”
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US Treasury Secretary Scott Bessent watches while the US President Donald Trump performs orders in the Oval Office of the White House on April 9, 2025 in Washington, DC. (Photo by Anna Moneymaker / Getty Images / Getty Images)
“Is it fair to say that there is a bit of a break on the deadline of July 9 for some of these trading partners?” Asked Brasem.
“I don’t think it’s a bit of a break, because I think there is what happened, there is a lot of congestion in the house and, as part of the trade team, which is great about having President Trump on our side is that he has created maximum leverage,” Bessent said.
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“By telling our trading partners that they could return Boomerang to the date of 2 April, I think it will really move things in the coming days and weeks,” he added.
