The U.S. President stated that a letter will be sent to inform countries of the latest tariff rates

U.S. President Trump stated on the 3rd local time that he will begin sending letters to trade partners on the 4th, setting unilateral tariff rates, and that countries will start paying new tariffs from August 1. Trump mentioned that approximately "10 or 12 letters" will be sent out on the 4th, with more letters to be mailed in the coming days. There is now less than a week left until the so-called deadline for tariff negotiations set by the U.S., and multiple parties, including the European Union, Japan, and India, have emphasized their stance on defending their own interests