Trump will set tariff rates in the next two weeks.
U.S. President Donald Trump said on Wednesday that he would send messages to major economies to outline 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 of what the deal is."
Trump said that talks are ongoing with Japan, South Korea, and about 15 other countries.
It was unclear whether Trump would meet his deadline for tariffs, as the president has set trade deadlines of two to three weeks in the past, which passed either 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 "Liberation Day" tariffs 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 the United States' major trading partners unless they agreed to a trade deal with the country.
So far, the Trump administration has only signed a trade agreement with the United Kingdom and recently formed a trade framework with China.
Trump claimed on Wednesday that the trade agreement with China is "done," and that the United States has secured supplies of rare earth elements from the country. However, no further details about the agreement were provided.
