Trump has suggested he will impose his own tariff rates against countries that don’t make deals with his administration.

Trump’s leverage in those talks are the large so-called reciprocal tariff rates he revealed on April 2. Imports from South Korea, for instance, would be tariffed at 25%, even th

President Donald Trump hardened his threat to raise tariffs on certain countries by his July 9 deadline, while Treasury Secretary Scott Bessent signaled there may be some extensions to wrap up major pacts by the Labor Day holiday.

Treasury Secretary Scott Bessent said trade talks could yield multiple deals by Sept. 1, citing a new U.S.-China agreement on rare earth shipments.

By David Lawder, David Ljunggren and Susan Heavey WASHINGTON (Reuters) -U.S. President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S. technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.

Tariff negotiations with the Trump administration are running into roadblocks, as partners including Japan, India and the European Union balk at signing deals without knowing how badly they’ll be hit by separate levies on exports including chips,