President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States.

President Donald Trump said he doesn’t think he’ll need to extend the July 9 trade deadline he has imposed on countries to secure deals with the US to avoid higher tariffs.

On April 2, dubbed by President Donald Trump as "Liberation Day," the White House imposed sweeping tariff rates on the United States' largest trading partners. The high rates caught many investors off guard,