- President Donald Trump He said that although trading negotiations would still be sent by a letter that determines the tariff rates facing and extending the deadline of 9. July, when it is to expire. Trump previously promised to send similar letters in May and early this month, although conversations continued.
The United States is still engaged in trade negotiations during the temporary break about aggressive “reciprocal tariffs”, but President Donald Trump said that instead can send letters to countries that set rates.
In an interview at Fox News’s Week in the morning Futures with Maria BartiromHe asked him about the 90-year-old maintenance he placed on the “exemption day” discovered in April. That break will expire 9. July.
“I’d rather just send them a letter, a very honest letter, saying” congratulations, we will allow you to trade in the United States. You will pay 25% of the tariff or 20% or 40 or 50%, “Trump replied.” I’d rather do it. ”
When asked if the break wouldn’t extend, he said, “I don’t think I need it, because – I couldn’t – there’s no big deal.”
Trump further clarified his position within 9. July speaking “I will send letters. It is the end of the trade agreement.”
Then he separated Japan to give a hypothetical example of a letter: “I could send Japan.” Dear Mr. Japan, here’s a story: You will pay 25% tariff on cars. ”
Letters would explain tariff rates by citing trading deficits with each country and how well it treats the US, Trump added, suggesting that negotiations will not be required in some cases.
“Some countries, we don’t care. We will, you know, we will only send a large number,” he predicted. “But we will send letters that starts pretty quickly. No, we don’t have to meet. We understand. We have all the numbers.”
This comes after the administration has previously signaled some flexibility within 9. July. On Friday said Secretary Treasury Scott Bessent Fox The job that deals with business partners could be completed.
In the meantime, Trump previously strengthened to send similar tariff letters in May and earlier this month, although negotiations continued. The White House officials have been saying that large trading offers are immediate.
But his latest comments could indicate a solid line or increased impatience. Trump said on Friday that he ended all trade talks with Canada immediately, stating his plan for collecting digital services to American technological gigans.
The notes briefly buried the momentum from the drawing stock exchanges, but the set later continued, sending S & P 500 and Naval to fresh record highs.
