President Donald Trump on Friday said the U.S. would begin unilaterally informing many of its trading partners of new tariff rates, acknowledging for the first time that his administration will be unable to negotiate deals to lower tariffs with more than 50 trading partners by a self-imposed early July deadline.

"We have, at the same time, 150 countries that want to make a deal, but you’re not able to see that many countries," Trump said.