Acknowledging the complexity of negotiating with over 170 nations, Trump told reporters before departing for Iowa on Thursday that the letters will be sent to 10 countries at a time, laying out tariff rates such as 20% to 30%. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.

The Trump administration will send letters to trade partners from Friday announcing unilateral tariff rates, which must be paid starting August 1

STORY: Donald Trump says Washington will start sending letters to countries Friday (July 4), informing them what tariff rates they will face.Speaking to reporters before boarding Air Force One, he said it was too much to expect full deals with every nation:“My inclination is to send a letter out and saying what tariff they're going to be paying.