After striking only a few trade deals since declaring a 90-day pause in April, President Trump said he would announce new duties starting Friday.

U.S. President Donald Trump's administration could extend its pause on reciprocal tariffs, which is set to expire next month, a White House spokesperson said Thursday, as South Korea and other countries continue talks with it to avoid or minimize the impact of the new tariffs.

On April 9, President Donald Trump gave the world a three-month window to negotiate trade deals with the United States or face higher “reciprocal” tariffs. With just five days remaining in that tariff moratorium, the White House is expected to begin delivering a message to a dozen or so countries: Time is up, and here’s your new tariff rate.