Trump says he's not planning to extend pause on global tariffs beyond July 9
U.S. President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States.
Letters will start going out 'pretty soon" before the approaching deadline, he said.
'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' Mr. Trump told Fox News Channel's "Sunday Morning Futures" during a wide-ranging interview taped Friday and broadcast Sunday.
Those letters, he said, would say, 'Congratulations, we're allowing you to shop in the United States of America, you're going to pay a 25% tariff, or a 35% or a 50% or 10%.' Mr. Trump had played down the deadline at a White House news conference Friday by noting how difficult it would be to work out separate deals with each nation. The administration had set a goal of reaching 90 trade deals in 90 days.
Negotiations continue, but 'there's 200 countries, you can't talk to all of them,' he said in the interview.
Mr. Trump also discussed a potential TikTok deal, relations with China, the strikes on Iran and his immigration crackdown.
'We have a buyer for TikTok, by the way. I think I'll need, probably, China's approval, and I think President Xi (Jinping) will probably do it,' Mr. Trump said.
Mr. Trump did not offer any details about the investors, calling them 'a group of very wealthy people.'
'I'll tell you in about two weeks,' he said when asked for specifics.
It's a time frame Mr. Trump often cites, most recently about a decision on whether the U.S. military would get directly involved in the war between Israel and Iran. The US struck Iranian nuclear sites just days later.
Earlier this month, Mr. Trump signed an executive order to keep TikTok running in the U.S. for 90 more days to give his administration more time to broker a deal to bring the social media platform under American ownership.
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