US President Donald Trump announced on Friday that US officials will send letters to countries within the next two to three weeks, outlining the costs of doing business in the United States.
The letters, expected to be sent by US Treasury Secretary Scott Bessent and US Commerce Secretary Howard Lutnick, will detail what countries will be paying to operate in the US.
However, Trump didn’t provide further clarification on the matter during his speech in Abu Dhabi, the capital of the United Arab Emirates.
This development comes after China and the US announced a truce in their trade war on Monday, following talks in Geneva. Trump mentioned this truce in his Abu Dhabi remarks, alongside a separate trade deal with Britain.
The US and Britain had agreed to a limited bilateral trade agreement the previous week, which maintains Trump’s 10% tariffs on British exports while reducing higher tariffs on steel and cars.
Trump mentioned that countries can appeal the business costs outlined in the letters. He also noted that US officials won’t be able to meet with all 150 countries interested in making a deal. The letters are part of Trump’s effort to renegotiate trade agreements and impose new tariffs, aiming to boost the US economy and create jobs.
Abu Dhabi marked the final stop on Trump’s four-day Gulf tour, focused on securing business deals worth hundreds of billions of dollars. These deals have the potential to significantly benefit the US economy and create new job opportunities. Trump’s trade policies aim to strengthen the US economy through strategic agreements and tariff adjustments.
Read also: U.S. Judge backs Trump’s use of wartime law to deport migrants
