Trump Threatens to Restore High Reciprocal Tariffs if No Agreements Are Reached

Trump Warns: If No Agreement Is Reached with Certain Countries, High "Reciprocal Tariffs" Will Be Restored

US President Donald Trump threatened on Thursday that if countries fail to reach agreements with the US, he will change the practice of temporarily suspending "reciprocal tariffs" for 90 days for specific countries and restore tariffs to higher levels. "If we can't reach the agreement we want to reach, or the agreement we must reach, or the agreement that is beneficial to both sides, then we go back to the original situation," Trump told reporters during a cabinet meeting on Thursday. However, when asked whether this means he will not extend the "90-day suspension," Trump did not rule out the possibility of extending it. He said, "We'll have to see what happens at that time." When asked about the progress his administration has made in reaching an agreement with the first country on tariffs, Trump said it was "very close," but did not specify which country.