Global markets are bracing for more tariff chaos as the White House plans to release a dozen or more letters signed by President Trump telling countries what taxes must be paid when they send goods to the United States.
Talk of letters has now overtaken much of the conversation about 'deals,' with Trump's team telling various nations in writing how much must be paid – in moves that could hike the costs that American pay for a variety of goods.
Trump referred to it as '12 different well, different amounts of money, different amounts of tariffs and somewhat different statements.' He wouldn't tip off reporters on which countries would get letters.
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