June 12, 2025
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4:52Now PlayingPresident Donald Trump plans to send letters to trading partners in the next one to two weeks setting unilateral tariff rates ahead of a July 9 deadline.
Trump has threatened to impose higher duties on dozens of economies, but has only reached a trade framework with the UK and a tariff truce with China, which was recently threatened.
Trump's team is working to secure bilateral deals with key economic partners, including India, Japan, South Korea, and the European Union, with the EU likely to be among the last deals completed. Nathan Dean reports on Bloomberg Intelligence.
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