President Trump announced plans to send letters to trading partners about unilateral tariffs in two weeks. He expressed skepticism regarding the need to extend trade negotiations with over 150 countries, emphasizing that he already made significant deals with China and the UK. He insisted that for countries that do not reach satisfactory trade agreements, tariffs will be imposed. Trump's previous announcement included a baseline 10% tariff on all imports, with higher rates for specific countries like the EU and Vietnam, leading to ongoing negotiations with a limited number of countries.
"Now, 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 you can leave it."
"You don't have to shop in the United States, as I say."
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