Trump Hints at Reinstating Tariffs

President Donald Trump suggested that some countries will have to pay tariffs soon, while speaking at a meeting with business executives in the United Arab Emirates on Friday. 150 countries wanted to agree deals, but it's not possible to meet the number of people that want to see us, he said. Some countries that don't reach deals with the U.S. timely will have to pay tariffs, he added. We just reached a fantastic trade deal, as you know, with the United Kingdom, which was wonderful. And we have another big one that we just reached with China. China deals a very big deal. It's in the process of continuing to be formed. But they wanted to make that deal very badly. Well, it would be very fair, but we'll be telling people what they'll be paying to do business in the United States. So essentially be paying to be doing business in the United States. I guess you could say they could appeal it. But for the most part, I think we're going to be very fair. Trump on April 9 paused his massive so-called reciprocal tariffs, some of which are as high as 50 percent 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 U.S. trade negotiators to race against the clock to make new commitments.