#TrumpTariffs
The president said that he would set country-specific rates in less than two weeks — after reaching a tariff deal with China.
US President Donald Trump told reporters on Wednesday that he would send letters to trading partners in the next week or two, outlining unilateral tariff rates.
“We’re going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is,” Trump said at the John F. Kennedy Center for the Performing Arts in Washington.
“At a certain point, we’re just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it,” he added.
This would put Trump ahead of his tariff deadline, as the president previously paused so-called “reciprocal” duties for 90 days until 8 July. The higher rates are set to kick in on the 9th.
Trump told reporters at the Kennedy Center that a delay to the deadline is unlikely, although US Treasury Secretary Scott Bessent previously suggested there may be some flexibility.
"It is highly likely that those countries - or trading blocs as is the case with the EU - who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations," Bessent told the House Ways and Means Committee. "If someone is not negotiating, then we will not."
$BNB
