Trump says the clock is ticking for 150 countries to make a deal or face higher tariffs
Source: CNN Business
Published 7:43 AM EDT, Fri May 16, 2025
CNN If you thought President Donald Trumps trade war was over, he has some news for you: Tariffs are going up again. At the conclusion of his Middle East trip Friday, Trump acknowledged that trade negotiations are progressing too slowly to accommodate every country that wants to strike a new trade deal with the United States. So Trump said hed give other countries a few more weeks, and then Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick would simply tell Americas trading partners what their new tariffs are.
We have, at the same time, 150 countries that want to make a deal, but youre not able to see that many countries, Trump said during a business roundtable in Abu Dhabi Friday. So at a certain point, over the next two to three weeks, I think Scott and Howard will be sending letters out, essentially telling people well be very fair but well be telling people what theyll be paying to do business in the United States.
Trump on April 9 paused his massive so-called reciprocal tariffs, which he announced on what he called Liberation Day on April 2. The reprieve was supposed to be for 90 days, to allow countries to negotiate with the administration. Trump officials have said around 100 countries have offered to negotiate deals, setting a tremendously difficult task before US trade negotiators to race against the clock to make new commitments.
Without those negotiated deals, Trump could impose reciprocal tariffs some of which are as high as 50%. The tariffs arent technically reciprocal, and many smaller countries with large trade gaps with the United States would end up with significant tariff burdens. I guess you could say they could appeal it, but for the most part I think were going to be very fair, but its not possible to meet the number of people that want to see us, Trump said. Trump has floated a similar idea before, albeit on a timeframe that has since elapsed.
Read more: https://www.cnn.com/2025/05/16/business/trade-deals-trump
I thought he already had 200 deals last month?


AZJonnie
(824 posts)given he's a pathological liar and gaslighter
Prairie Gates
(5,083 posts)It's mid-May, Mr. Liberation Day.
Prof. Toru Tanaka
(2,606 posts)tell Trump to go shit in his MAGAt hat. Other than food and absolute necessities, I plan to buy as little as possible during the Trump regime.
Ray Bruns
(5,217 posts)have to come to the negotiating table?
ananda
(31,800 posts)already have trade deals with each other?
Hmmm
Iamscrewed
(299 posts)More insider trading to come.
Ms. Toad
(36,949 posts)"well be telling people what theyll be paying how much we are going to tax ourselves to do business in the United States with them."
liberalgunwilltravel
(811 posts)He claimed last week to already have made deals with? Next week he'll tell us he's made over 5,000 deals.
Yo_Mama_Been_Loggin
(123,380 posts)
louis-t
(24,328 posts)"Pay up, you bastards, or ahm gunna punish you!"
70sEraVet
(4,527 posts)"Pay up, if you want to play. Hey, nobody has offered me a yacht! Just a suggestion."
tanyev
(46,452 posts)Yo_Mama_Been_Loggin
(123,380 posts)He wants to fuck the economy up even further.
SunSeeker
(55,811 posts)