#TrumpTariffs The President of the United States, Donald Trump, told reporters on Wednesday that he would send letters to his trading partners in the next week or two, describing unilateral tariff rates.

"We will send letters in about a week and a half or two weeks to the countries to tell them what the agreement is," Trump said at the John F. Kennedy Center for the Performing Arts in Washington.

At some point, we will just send letters. And I think they understand that by saying this is the agreement, they can accept it or reject it, he added.

This would advance Trump to his tariff deadline, as the president previously suspended the so-called "reciprocal" tariffs for 90 days, until July 8. The higher tariffs are set to take effect on the 9th.

So far, the United States has only managed to secure a trade framework with the United Kingdom, in addition to closing a tariff agreement with China.

However, on Wednesday Trump expressed optimism regarding the negotiations.

"We are crushing it in terms of agreements," he said. "We are negotiating with quite a few countries and everyone wants to strike a deal with us."

After talks in London, Trump said on Wednesday that China would supply magnets and rare earths from the start and that the United States would allow Chinese students to enter its colleges and universities.

The president added that a 55% tariff would be applied to Chinese imports. A White House official, who was not authorized to publicly comment on the terms, claimed that the 55% did not represent an increase from the previous 30% tariff imposed on China, as Trump was including other pre-existing import taxes. Specifically, the president was adding his base tariff of 10%, the 20% tax on fentanyl trafficking, and a pre-existing 25% tariff imposed on China.