In a decisive move, President Trump announced that on Monday, his administration will begin sending out tariff letters to 12 countries, with new rates set to reach as high as 70%. This comes as the expiration of a 90-day tariff pause looms, prompting confusion and concern among U.S. trade partners. As Trump prepares to notify various nations of these impending tariffs, including potential levies on over 100 nations by August 1, many countries are racing to finalize trade deals to avoid escalating costs. Analysts are speculating on the impact of these tariff increases, which may lead to heightened tensions in global trade relations.