U.S. President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the "take it or leave it" offers to be sent out on Monday.

President Donald Trump has announced that his administration will begin informing trading partners about new tariffs on their exports starting this Friday. What Happened: These tariffs are scheduled to take effect on August 1.

With just five days remaining in the tariff moratorium, the White House is expected to begin delivering a message to a dozen or so countries: Time is up, and here’s your new rate.