The White House will begin on Friday unilaterally notifying trade partners of new tariff rates on their exports to the US, Donald Trump has said ahead of his looming July 9 deadline to complete new deals.

President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.

The United States will place a lower-than-promised tariff on many Vietnamese exports, Donald Trump said, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

Equity-index futures fell and the dollar dipped after President Trump said his administration may start sending out letters imposing unilateral tariffs on trading partners as early as Friday. Ahead of his July 9 deadline for trade negotiations,

On Thursday, the president told reporters that he’ll start sending out letters on Friday informing trading partners about unilateral tariffs as high as 60-70%.