US is in process of making trade deals with several others, including India, says president
President Donald Trump said Friday that he will send out a letter over the next week and a half informing countries of the US tariff rates they will be required to pay.
"At a certain point, over the next week and a half or so, or maybe before, we're going to send out a letter; we talked to many of the countries, and we're just going to tell them what they have to pay to do business in the United States," Trump told the reporters at the White House.
The US is in the process of making trade deals with several others, including India, Trump said.
When asked about the July 9 trade deadline, the president said it was not a fixed date.
"We can do whatever we want. We could extend it. We could make it shorter. I'd like to make it shorter. I'd like to just send letters out to everybody: 'Congratulations. You're paying 25%'," he added.
The US has collected $88 billion from tariffs, he reiterated.
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