Donald Trump has revived his threat to hit major trading partners with steep “reciprocal” tariffs even as he granted a three-week reprieve for countries to negotiate trade deals with the US.

Speaking publicly, Trump stated, “We’ve made a deal with the United Kingdom, we’ve made a deal with China, and we’re close to making a deal with India.” He suggested that countries unwilling to negotiate would instead be served notice of the new trade terms through formal letters.