US President Donald Trump is willing to extend a tariff freeze with a number of countries in order to conclude negotiations on trade agreements. The president said this on Thursday night, according to the Reuters news agency, as he arrived for a theater performance at the Kennedy Center in Washington, D.C.
- We are in the process of making agreements. We are negotiating with a lot of countries, and they all want to make an agreement with us, the president said. He added that he does not believe it will be necessary to extend the tariff break, which expires on July 9, Danish time.
Trump does not mention specific countries, but it is the EU, among others, that has temporarily had US tariffs on imports of goods removed until this date.
According to the president, a number of countries will receive a letter in one to two weeks with the terms of a future trade agreement, which the individual countries can either choose to accept or reject.
The president does not say which countries he is willing to extend the tariff break for, or how long the break could be extended.
US Treasury Secretary Scott Bessent has previously said that the Trump administration is willing to extend the deadline for concluding trade agreements.
Trump announced on April 9 that he was introducing a tariff break for 90 days. This happened on the same day that new tariffs had come into effect - including 20 percent. tariffs on EU goods - and after weeks of tariff chaos and turmoil on world markets.
The following month, however, the US president announced that negotiations on a trade agreement with the EU had reached a deadlock. He would therefore impose a 50 percent tariff on goods exported from the EU to the US.
Following a telephone conversation with the President of the EU Commission, Ursula von der Leyen, at the end of May, Trump announced that the EU would once again receive a tariff break until July 9.
Trump was inaugurated as US president in January. Since then, his course on tariffs has been marked by various announcements. During the tariff break, a tariff on imports of cars, steel and aluminium has been doubled to 50 percent, while a basic tariff of ten percent on the EU and most other countries has been maintained.
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