In April, Trump announced that he is reducing tariffs on most countries to 10% for 90 days, rather than the higher rates he had originally applied, to allow time for negotiations to take place.

Trump also heralded U.S. access to Vietnam’s markets tariff-free—something Lovely described as not a heavy lift as U.S. exports don’t present a competitive threat to domestic manufacturers and many U.

President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.