U.S. President Donald Trump said on the 3rd that he will send letters to each country specifying reciprocal tariff rates starting as early as the 4th (local time).
Before departing Washington, D.C., for a visit to Iowa on that day, President Trump met with reporters and said, "We will probably start sending 10 letters a day to various countries from tomorrow (the 4th)."
He stated that the letters would include content such as, "You will have to pay a tariff of 20%, 25%, or 30%," adding, "In addition to the trade agreements already reached with the United Kingdom and Vietnam, there are a couple of other agreements, and my thought is to send letters with lower tariffs. That would be much easier."
The United States' reciprocal tariff suspension will end on the 8th. Trump's remarks are interpreted as meaning he will begin notifying each country of the established reciprocal tariff rates before the suspension ends.
The Trump administration announced reciprocal tariffs on April 2, which included 57 economic entities (56 countries + European Union) including Korea, and these tariffs began to take effect on the 9th of the same month, but were immediately suspended for 90 days.