By Anita Hamilton and George Glover

Most of the U.S.'s trade partners who have not already received a letter from the administration will receive a "notice of payment" informing them of their new tariff rate for imports to the U.S., President Donald Trump told reporters on Wednesday.

Of the more than 150 countries, "we're really not negotiating with [them], and they're smaller. We don't do much business with them," Trump said while seated next to the Crown Prince of Bahrain in the Oval Office.

A deal with India may be coming as well. "We're very close to a deal with India," he said. While negotiations with Japan are also ongoing, they are likely to remain at the 25% rate he announced last week.

Trump first revealed his tariff plan for smaller trade partners on Tuesday. "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 AI and energy summit 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 on Tuesday that the U.S. will impose a 19% tariff on goods imported from Indonesia, after sending a flurry letters sent to U.S. trade partners last week setting rates at 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 warned about heightened macroeconomic uncertainty, which 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 macroeconomic 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 beginning on 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 Anita Hamilton at anita.hamilton@barrons.com and George Glover at george.glover@dowjones.com

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July 16, 2025 15:47 ET (19:47 GMT)

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