Trump says he's not planning to extend July 9 deadline for trade deals

"Dear Mr. Japan, here's the story. You're going to pay a 25% tariff on your cars," he said. "We don't have to meet. We understand, we have all the numbers."

By Nicholas Ballasy

Published: June 29, 2025 5:26pm

President Trump revealed that he's not planning to extend the July 9 deadline for trade deal negotiations and subsequent enforcement of his proposed tariffs.

"I don't think I'll need to. I could, there's no big deal," Trump said on Fox News' "Sunday Morning Futures."

"We made deals, but I'd rather just send them a letter, a very fair letter, saying 'Congratulations, we're going to allow you to trade in the United States of America, you're going to pay a 25% tariff, or 20%, or 40 or 50%.' I would rather do that," he added.

Trump provided Japan as an example.

"Dear Mr. Japan, here's the story. You're going to pay a 25% tariff on your cars," he said. "We don't have to meet. We understand, we have all the numbers."