With just five days remaining in the 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 rate.

Trump also heralded U.S. access to Vietnam’s markets tariff-free—something Lovely described as not a heavy lift as U.S. exports don’t present a competitive threat to domestic manufacturers and many U.

Trump told reporters he would begin sending countries letters setting tariff rates rather than negotiate 170 trade deals worldwide.