Trump says tariffs would be in 15-20% range for most countries that have yet to strike deal

U.S. President Donald Trump says most trading partners that have not yet reached a trade deal will face tariffs of 15 to 20 percent.

The comments come as Seoul continues to seek a deal before the negotiation deadline this week.

Lee Seung-jae starts us off.

U.S. President Donald Trump hinted that his administration expects to set tariffs somewhere between 15 to 20 percent for most of the countries that have not yet reached a trade deal.

The U.S. leader made the remarks during a meeting with British Prime Minister Keir Starmer in Scotland, as Trump's reciprocal tariffs, including the 25 percent levies on South Korea, are set to go into effect on Friday.

Senior trade officials from Seoul have been busy with their negotiation efforts, but have yet to reach a deal.

The Trump administration has so far agreed to bilateral trade deals with the EU, the UK, Japan, Vietnam, Indonesia, and the Philippines.

Meanwhile in Stockholm, top U.S. and Chinese trade officials held talks for more than five hours, with the aim of resolving longstanding economic disputes.

Washington has given an August 12th deadline to China, to reach a tariff agreement, after the two economic powerhouses reached preliminary deals in May and June to end their tit-for-tat tariffs.

The two sides are expected to continue discussions on Tuesday.

A different kind of deadline was also issued by President Trump on Monday, as he gave Russia "10 or 12 days" for Russia to reach a peace deal, or face tough new sanctions.

"Yeah, I'd say 10 to 12 days. I'll announce it probably tonight or tomorrow but there's no reason to wait. If you know what the answer's going to be, why wait? And it would be sanctions and maybe tariffs, secondary tariffs -you know what a secondary tariff is."

Trump has repeatedly voiced frustration with Russian President Vladimir Putin for continued attacks on Ukraine, despite his efforts to end the war.

Lee Seung-jae, Arirang News.