Trump said tariffs will start on August 1

On July 15, local time, US President Trump said that tariffs will start on August 1. He also said that the agreement with Vietnam is basically finalized.

In addition, Trump also said that tariff letters to some smaller countries will be sent soon, and tariffs of “slightly above 10%” are expected to be set for these countries.

On the 14th local time, US President Trump said that the US will consult with various countries on tariffs and is open to trade negotiations including Europe. At the same time, the EU will also come to discuss trade issues with the US. Trump also said that the US has reached some trade agreements.

Recently, Trump has sent letters to leaders of more than 20 countries, saying that new tariffs will be imposed on these countries from August 1. He also announced that a 50% tariff will be imposed on all copper imported into the United States from August 1.

On July 15, local time, US President Trump posted on the social media platform that after talks with Indonesian President Prabowo, the two sides reached an important agreement. Under this “landmark agreement”, Indonesia “opened its entire market to the United States for the first time.”

Under the agreement, Indonesia pledged to purchase $15 billion worth of U.S. energy products, $4.5 billion worth of U.S. agricultural products, and 50 Boeing aircraft. For the first time, American ranchers, farmers, and fishermen will have full access to the Indonesian market. In addition, Indonesia will pay a 19% tariff on all goods exported to the United States, while U.S. exports to Indonesia will enjoy tariff-free and non-tariff barrier treatment. If any goods are transshipped through Indonesia from countries with higher tariffs, the tariff will be added to the tariffs paid by Indonesia.

On July 10, local time, U.S. President Trump announced that a 35% tariff would be imposed on goods imported from Canada starting August 1.

Trump posted a letter to Canadian Prime Minister Carney on the social media platform “Real Social” that day, criticizing Canada for retaliating against the tariffs previously imposed by the United States.

“Instead of cooperating with the United States, Canada has taken retaliatory tariff measures,” Trump wrote in the letter. “Starting August 1, 2025, we will impose a 35% tariff on Canadian goods entering the United States, independent of all industry tariffs.”

Trump said that part of the reason for the new tariffs was the flow of fentanyl from Canada to the United States and “unfair trade practices.” If Canada cooperates with the United States to prevent the flow of fentanyl, he will consider adjusting the tariffs.

Recently, Trump has sent letters to leaders of more than 20 countries, saying that new tariffs will be imposed on these countries from August 1. In an interview broadcast by NBC News on the 10th, he also said that other trading partners who have not yet received the tariff letter may face a comprehensive tariff of 15% to 20%.