BySara Dorn

BySara Dorn,

Forbes Staff.

The U.S. is set to impose new tariff rates on trading partners Friday when the deadline President Donald Trump set for countries to negotiate rates with the U.S. expires—with only nine countries announcing agreements with the Trump administration, far short of its goal of 90 deals in 90 days.

Trump initially announced a slate of steep tariffs on April 2, what he called “Liberation Day,” only to pause the levies through July 9, and then again through Aug. 1.