0603 GMT - The U.S.-Vietnam trade deal sends a strong signal that tariffs on other countries won't hover near the universal 10% mark--they will be higher, says Ipek Ozkardeskaya at Swissquote Bank. Trump earlier told reporters that the U.S. would start sending letters to countries detailing tariff rates, which could range from 60% or 70% to 10% and 20%. "We'll probably have 10 or 12 [letters] go out tomorrow, and over the next few days." Trump called the rates a "bargain," adding: "I don't want to stretch it too much. We want to keep it pretty reasonable." For smaller countries, tariffs would pretty much be kept the same, he said. Asked if there would be flexibility on when countries would start paying, he said: "Not really, they'll start to pay on August 1." (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
July 04, 2025 02:03 ET (06:03 GMT)
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