Trump will set trade tariff rates in the next two weeks

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U.S. President Donald Trump said on Wednesday that he will send messages to major economies to determine the planned trade tariffs in the coming weeks, ahead of the July 9 deadline for reaching trade agreements with his administration.

"At some point we will send messages saying 'this is the deal', you can accept it or reject it," Trump told reporters at the Kennedy Center.

"We will send messages within a week and a half to two weeks to inform them what the deal is."

Trump stated that talks are ongoing with Japan, South Korea, and about 15 other countries.

It was unclear whether Trump would stick to his tariff deadline, as the president has set trade deadlines from two to three weeks in the past, which either passed without action or with further extensions.

When asked if he was ready to extend his July 9 deadline for trade talks, Trump said, "I will, but I don't think we will have to."

The tariffs for "Liberation Day" announced by Trump are set to take effect in early July, after the president initially revealed them in April but announced a 90-day extension for trade talks. The president threatened to impose high tariffs on trade partners.