President Donald Trump on Friday said the U.S. would begin unilaterally informing many of its trading partners of new tariff rates, acknowledging for the first time that his administration will be unable to negotiate deals to lower tariffs with more than 50 trading partners by a self-imposed early July deadline.

While in the United Arab Emirates on Friday, U.S. President Donald Trump talked about his plans for tariffs. Here’s what he said, and where his taxes on imports stand now.

President Trump said his administration "will be sending letters out" in two to three weeks to alert other nations of the tariff rates the U.S. will impose.

Asian spot liquefied natural gas (LNG) prices rose slightly for the second week running amid a slight uptick in demand as industrial sentiment improved following a 90-day tariff truce agreed by the United States and China during trade talks.

Walmart has warned customers to expect higher prices despite the recent deal between the US and China to reduce punitive tariffs imposed in Donald Trump’s trade war. The world’s biggest retailer is particularly exposed to the US president’s trade war.

Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump