The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.

The Trump administration is intensifying pressure on trading partners to finalize new deals before the Wednesday deadline, with plans to issue tariff warnings starting Monday. These letters will notify countries that higher tariffs could be implemented on August 1st,

The Trump administration’s new trade deal with Vietnam aims to shut down any “backdoor” routes that allow Chinese goods to