US President Donald Trump announced that the US will set tariff rates for other nations within two to three weeks, citing a lack of capacity to negotiate deals with all trading partners. This move comes as part of his ongoing trade policies aimed at protecting American industries and jobs.
Source: https://www.bloomberg.com/news/articles/2025-05-16/trump-says-us-will-set-tariff-rates-for-other-nations-in-weeks