Trump had initially described his April tariffs as “reciprocal”, claiming they were required to fight back against other countries trade rules he saw as unfair to US exports.

He has separately announced tariffs for key sectors, such as steel and cars, citing national security concerns, and threatened them for other areas, such as pharmaceuticals and lumber.

The multi-layered policies have complicated trade talks, with car tariffs a key sticking point in negotiations with Japan and South Korea.

So far, the US has struck agreements with the UK and Vietnam, as well as a partial deal with China. In all three of those cases, the agreements have raised tariffs, while key issues remain unresolved.

The European Union (EU) is also reportedly in talks that would keep a provisional 10% tax in place for most goods shipped to the US beyond the deadline.

But it is also looking to reduce Trump’s 25% tariff on cars and parts, and a 50% tax on steel and aluminium.

On Monday, a spokesperson said that the European Commission’s president Ursula von der Leyen had a “good exchange” with Trump. Just a few weeks ago, the US president had threatened the EU with a 50% tax unless it reached an agreement.

Last week, Trump said Japan could face a “30% or 35%” tariff if the country failed to reach a deal with the US by Wednesday.