President Donald Trump’s trade war risks reigniting next week when a temporary pause on sweeping tariffs is set to expire… While Trump and administration officials recently indicated the deadline might be pushed back, the president told reporters Tuesday that he wasn’t planning an extension and is informing countries of their new tariff rates. He said it has been harder than planned to make trade deals with a number of foreign governments because they are “spoiled from having ripped us off for 30, 40 years.” “We’re going to determine a number just very simply, write them a nice letter,” Trump said. “Probably one page or a page and a half at the most, and it’s going to be, ‘Congratulations. It’s going to be an honor to allow you to go and do business in the United States of America,’ because it really is an honor to be able to do that.”

Additional coverage in Money Week by Katie Williams: Will “Liberation Day” strike again?