President Donald Trump plans to set tariff rates for US trading partners in the next two to three weeks due to a lack of capacity for negotiating individual deals.
The administration will inform countries of the rates they will need to pay for doing business in the United States.
Trump mentioned that the US has 150 countries willing to make a deal, but did not specify which nations would receive the tariff rate notification.
The US president has been emphasizing reciprocity in trade negotiations with various countries like Japan, South Korea, India, and the European Union.