The president said of the plans: "Different amounts of money, different amounts of tariffs and somewhat different statements."

President Donald Trump said early Friday his administration is resuming a broad set of tariffs on dozens of countries after a 90-day pause, as trade negotiations with many of those nations have failed to yield new deals.

President Donald Trump is set to inform trade partners about new U.S. tariffs, effective August 1. This move underscores his preference for straightforward actions over complex negotiations, as the deadline for agreements looms.

President Trump said the U.S. is poised to inform many trading partners of unilateral tariff rates of up to 70%, putting global investors on the defensive with U.S. markets closed for July Fourth.

European Union negotiators have failed so far to achieve a breakthrough in trade negotiations with the Trump administration and may now seek to extend the status quo to avoid tariff hikes, six EU diplomats briefed on the talks said on Friday.