By George Glover

Some of the U.S.'s minor trading partners are about to find out they'll be facing tariffs of more than 10%, as President Donald Trump presses ahead with his effort to reshape global trade.

Trump said late Tuesday that Washington would let a group of smaller countries know about levies soon. He plans to send them one letter, rather than write to leaders individually.

"We'll be releasing a letter soon talking about many countries that are much smaller, where you might not do an [individual] letter," Trump told reporters after returning from an event in Pittsburgh. "We'll just do one tariff for all of them," and the rate will "probably be a little over 10%," he added.

Trump also said Tuesday that the U.S. will impose a 19% tariff on goods imported from Indonesia, having sent a flurry letters sent to U.S. trade partners last week setting rates from 25% to 50% effective Aug. 1.

ASML Says 2026 Growth Not Guaranteed Amid Macro Uncertainty

Dutch chipmaking equipment manufacturer ASML said Wednesday that it could no longer guarantee growth in 2026. CEO Christophe Fouquet, but his warning about heightened macroeconomic uncertainty appeared to be a nod to Trump's levies.

"Looking at 2026, we see that our AI customers' fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments," Fouquet said in an earnings release. "Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage."

Trump has threatened 30% levies on the European Union from Aug. 1, and the trading bloc is preparing retaliatory tariffs. That could make it more expensive for ASML to ship its advanced lithography machines to Intel and other American customers.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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July 16, 2025 07:08 ET (11:08 GMT)

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