US President Donald Trump on Friday hinted that major trade agreements could be announced soon, suggesting they are nearly finalized.

Speaking at the signing of the Stablecoin Act at the White House, Trump emphasized the impact of US tariffs in driving negotiations. “When I send out the paper that you’re paying 35 to 40 percent tariff, that’s a deal,” he said, adding that such measures often prompt countries to return to the table, according to Reuters.

Trump also confirmed that the 90-day suspension of reciprocal tariffs, previously extended to August 1, will not be delayed further. Tariffs will take effect as scheduled if no agreements are reached.