Trump: "Europe has treated us well lately. We will send the letter and find out the tariff"

"Europe has treated the United States well in recent trade talks," Trump said during a Cabinet meeting at the White House. And probably - he added - in a couple of days we will send Brussels the letter that will reveal the tariff on European exports to the United States.

In the latest installment of the tariff saga, Trump has already sent 14 letters to as many countries to notify customs tariffs higher than the base level of 10 percent introduced in April.

And the president responds to those who accuse him of changing trade policy too often that these are not changes, but only clarifications and closes to new postponements to the date of entry into force of August 1st.

Meanwhile, the new phase in Washington's trade war is also affecting partners such as Japan and South Korea, which are seeing tariffs rise to 25 percent. Laos and Myanmar, to 40 percent, Cambodia and Thailand to 36. 30 for South Africa.

And according to CNN, Trump plans to send another hundred letters to as many countries.

For the Trump administration, the new move is strategic to reduce the US deficit and force partners to negotiate more favorable conditions for Washington.

And the already postponed start date to August 1, while on the one hand creating a three-week window to negotiate better conditions, on the other hand prolongs uncertainty on global markets.

Meanwhile, the tariff war is picking up speed with Trump's latest threats: the possibility of a 50 percent tariff on imported copper and a 200 percent tariff on pharmaceutical products.