Trump to Announce Trade-Related Measures for at Least Seven Countries on July 9

U.S. President Donald Trump announced on July 8 (local time) that he would make an additional announcement on July 9 regarding ongoing trade negotiations with several countries.

Reuters Yonhap News

On this day, President Trump stated on the social networking service Truth Social, "Tomorrow morning, we will disclose at least seven countries related to trade, and in the afternoon, we will disclose several more countries." However, he did not specify whether the announcement would be about trade agreements with other countries or letters notifying them of reciprocal tariff rates to be imposed in the future.

Initially, President Trump repeatedly insisted that after a 90-day grace period for reciprocal tariffs by country, he would conclude trade negotiations with several countries and announce the agreements before the grace period ended on July 9. However, as it became clear that the trade negotiations were progressing more slowly than expected and that reaching agreements with major trading partners before the deadline was not possible, he postponed the date for imposing reciprocal tariffs to August 1 and sent tariff letters to 14 countries, including South Korea and Japan, the previous day.

Previously, Secretary of Commerce Howard Lutnick stated in a CNBC interview on this day that, following President Trump sending tariff letters to 14 trading partners the previous day, he expects that letters will also be sent to an additional 15 to 20 trading partners over the next two days.

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