President Trump said the United States would send out letters telling other countries “what they have to pay,” even as other officials said negotiations could be extended past a July deadline.According to The New York Times, President Trump announced on Friday that the United States was close to reaching trade deals with multiple countries, but also suggested that high tariffs could be reimposed on some trading partners. This statement has introduced fresh uncertainty into the ongoing trade talks.
Treasury Secretary Scott Bessent had previously hinted that negotiations with trading partners could be extended beyond the July 8 deadline for tariffs to snap back into effect. In an interview, Bessent stated that talks could be wrapped up by Labor Day, but added that nothing gets done in Washington well in advance.
However, during a news conference, President Trump seemed to contradict Bessent’s statement and kept everyone guessing about the future of the trade talks. When asked about the possibility of reimposing tariffs on July 8, Trump responded, “We can do whatever we want.” He also mentioned the option of extending or shortening the deadline, stating that he would prefer to make it shorter. He also mentioned the idea of sending letters to countries informing them of the tariffs they would have to pay.
Trump also stated that the United States was in the process of making deals with some countries, but others would receive a letter stating the tariffs their exports would face. He added, “We’re just going to tell them what they have to pay.”
Shortly after his remarks, Trump took to social media to threaten tariffs against Canada, which is set to begin collecting taxes on American tech companies on Monday.
It is unclear what the outcome of the trade talks will be, but Trump’s statements have added more uncertainty to the situation.
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