Donald Trump plans to impose tariffs on other countries within weeks

Within the next two or three weeks, Donald Trump plans to enact more tariffs on key US trading partners, citing his administration's inability to negotiate deals with all nations simultaneously.

The President stated that nearly 150 countries are interested in settling bargains, but engaging in negotiations with each one is impractical. Therefore, many economies will face duties when conducting business in the United States. Trump said he would dictate tariff levels to countries seeking to avoid higher fees.

Japan, South Korea, India, and the European Union are currently engaged in talks. Recently, Trump reached a trade framework agreement with Britain and a temporary reciprocal tariff reduction with China to allow more time for dialogue. He mentioned that he expects four or five deals to be negotiated in the near future.

The Trump administration is focusing on talks with over a dozen countries. However, labor and capacity constraints make conducting simultaneous negotiations with all nations included in the US reciprocal tariff plan extremely challenging.