On Thursday, President Donald Trump announced that starting Friday, July 4, he will begin notifying countries of the tariffs they’ll need to pay to sell goods in the U.S., sidestepping the usual drawn-out trade negotiations. “My inclination is to send a letter out saying what tariff they’re going to be paying,” Trump said, calling the approach “much easier.”

The announcement comes ahead of the July 9 deadline to reinstate broad tariffs following a 90-day suspension. So far, Trump has secured agreements with Vietnam and the UK and laid out a framework with China. His plan sets a base tariff of 10%, with higher rates targeting countries that run trade deficits with the U.S. Dismissing any idea of extending the deadline, Trump remarked on the impracticality of striking deals with over 170 nations: “How many deals can you make?” He also criticized piecemeal agreements over goods like beef or ethanol, favoring instead straightforward flat tariffs of 20%, 25%, or even 30%: “This is what you’re going to pay.”

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