Trump to set unilateral rates for trading partners within two weeks, 'can take or leave it' | Mint

President Donald Trump said he intended to send letters to the US trading partners within the next week, or two unilateral rates. The move comes before a July 9 deadline to resume higher duties on Severeal countries. ‘At some point, we’re just going to send letters. And I think you understand it, and say it is the agreement, you can take it or leave it, ‘Trump told reporters on Wednesday. When he was questioned whether he would give countries more time to do trade transactions before the higher rates began, Trump said he would be open for it. “But I don’t think we will have the necessity,” he added. It is unclear whether Trump will follow with his promise. The president regularly set dead two -week deadlines, just to come later or not, a Bloomberg report says. The president said on May 16 that he would determine tariff rates for US trading partners “over the next two to three weeks.” The only trade framework reached by the US is with the UK, along with a tariff resistance with China.