Republican U.S. President Donald Trump on Monday floated the idea of universal tariffs but said the United States was not yet ready for such a step.

President Donald Trump indicated that he wanted to have more talks with Chinese President Xi Jinping before deciding when to move forward with tariffs

Trump on first day in office threatens tariffs on Mexico, Canada Raft of executive actions address immigration, federal workforce President order delay in TikTok ban, giving app more time to find a buyer Billionaires, tech founders flock to Trump’s inaugural celebrations “TikTok is worthless if I don’t approve it,” Trump says. “It has to close.” “If I do the deal for the United States” then I think we should get half of TikTok, he says. Trump says it could be worth $1 trillion total, with the US keeping $500 billion.

President Trump said late on Monday that he isn’t ready to move ahead with universal tariffs on goods from around the world. “We’re not ready for that yet,” Trump told reporters when asked about the idea of universal tariffs.