Trump says US will set tariff rates for other nations in weeks
- Posted on May 16, 2025
- By Business News Today
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Trump says US will set tariff rates for other nations in weeks

President Trump announced plans to unilaterally set tariff rates for numerous US trading partners within weeks, citing insufficient resources for individual negotiations. Treasury and Commerce officials will issue letters outlining these tariffs. While prioritizing talks with key nations, the administration aims to implement reciprocal tariffs, potentially impacting US consumers as costs are passed down.