Trump Administration Prepares to Notify Trade Partners of New Tariffs Up to 70% Washington, D.C. July 5, 2025.

Trump Administration Prepares to Notify Trade Partners of New Tariffs Up to 70%

Washington, D.C. July 5, 2025.

 

The Trump administration has announced it will begin notifying global trade partners of potential new tariffs as high as 70% on select imports. This move comes as a 90-day pause on tariff escalation, initially introduced to calm inflation fears and allow for renegotiations, nears its expiration on August 1

Speaking at a July 4 press conference in New Hampshire, former President Donald Trump emphasized that the proposed tariffs are part of his broader economic plan to protect American manufacturing and reduce dependency on foreign goods.

We’re putting America first, and that means ending unfair trade practices,” Trump said. We will notify the world—we’re ready to bring our jobs and our factories back home.”

Details of the Tariff Plan

The plan, which is not yet finalized, could include tariffs ranging from 10% to as high as 70% on certain products from countries including China, Mexico, and Vietnam. Categories likely to be affected include electronics, steel, automotive parts, and consumer goods such as clothing and home appliances.

Administration officials said formal notifications to the World Trade Organization (WTO) and individual trade partners would begin this month, giving companies and governments a brief window to respond or renegotiate.

Economic Impact and Reactions

Economists and trade experts are divided on the implications. Supporters argue that higher tariffs will strengthen domestic industry, reduce outsourcing, and increase national security by encouraging self-sufficiency.

 

Critics, however, warn that such tariffs could raise prices for American consumers and businesses, particularly small- and mid-sized manufacturers that rely on global supply chains.

 

If these tariffs go into effect, many U.S. businesses will face higher input costs, which may be passed on to consumers,” said Rachel Lin, a senior analyst at the Peterson Institute for International Economics. “This could put upward pressure on inflation.”

 

Major U.S. business associations, including the National Retail Federation and the U.S. Chamber of Commerce, have urged caution. In a joint letter last week, they called on the administration to consider the ripple effects on domestic jobs, consumer spending, and international relations.

 

Global Reactions

International response has been swift. China’s Ministry of Commerce issued a statement calling the proposed tariffs “unilateral and harmful to global stability.” The European Union has also expressed concerns and hinted at potential retaliatory measures if European exports are targeted.

 

“We must respond in kind if the rules of global trade are broken,” said EU Commissioner for Trade, Sofia Lambert. “The global economy depends on cooperation—not threats.”

 

Political Implications

The tariff countdown is shaping up to be a major issue ahead of the November 2025 presidential election. While Trump’s base widely supports a tough stance on trade, his critics argue that protectionist policies risk economic isolation and instability.

 

Polls show that while support for tariffs has grown among Republican voters, independent and business-leaning moderates remain wary of another trade war.

 

Looking Ahead

The official 90-day pause on new tariffs expires August 1. If no changes are made, the administration has signaled it is ready to implement the new tariff measures immediately. Global markets, manufacturers, and political leaders now await further clarity as the U.S. begins formal notifications.

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