US President Trump is reinstating tariffs, paused for 90 days, as deals with various countries remain elusive. Letters will be sent to nations, outlining tariffs ranging from 10% to potentially 70%, effective August 1st.

After striking only a few trade deals since declaring a 90-day pause in April, President Trump said he would announce new duties starting Friday.

With just five days remaining in the tariff moratorium, the White House is expected to begin delivering a message to a dozen or so countries: Time is up, and here’s your new rate.