Trump Decides To Bypass Individual Trade Deals — New Tariff Rates To Be Set Unilaterally And Notified Through 'Letters'

Trump announced during a meeting with business executives in the United Arab Emirates that new tariffs would be introduced within the next two to three weeks. Trump stated that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will be informing the relevant parties by “sending letters” about the new tariffs and the associated costs for conducting business in the United States, reported the Financial Times.