Lutnick does not warn any “fast offer” for Japan and South Korea

The Secretary of Commerce, Howard Lutnick, said that commercial treatment with South Korea and Japan could take significantly more time to complete -President Donald Trump, President Donald Trump, announced to the United Kingdom on Thursday, in a signal that some Asian partners may have to wait for tariff relief.

“You have to spend a huge amount of time with Japan, South Korea. They will not be quick offers,” Lutnick said in an interview with Bloomberg Television.

Lutnick added that India has “inclined in very hard” and that the country was “certainly” the possibility of being among the next countries to reach an agreement. But he warned: “This is a lot of work.”

“When you talk about India, 7,000 lines of rates can probably be changed or modified in a hypothetical agreement, said Lutnick. “You just need time and just take work, so you give us an opportunity, don’t press and precipitate.”

At the same time, Lutnick said he hoped that the initial offers could serve as templates for their respective regions, helping to illustrate what types of concessions Trump was looking for in exchange for fare relief.

“We are trying to show people a frame to do business so that we can roll much faster, right?” Said Lutnick.

The Chief of Commerce, who played a leading role in trade negotiations, said that Trump’s 10% leading rates were still a “bottom line”, but many nations would experience higher rates unless they were aggressively moved to open their economies. He also said that the United Kingdom Agreement showed ways that the nations could see that Trump retreated the sectoral rates imposed on products such as the cars and metals that the President has considered a national security priority.

Lutnick spoke hours after Trump submitted the framework agreement, which allows the United States to access to the larger market and a faster customs process for exports in exchange for limited relief of autos, steel and aluminum taxes. But officials in both the United Kingdom and the United States acknowledged that there were still significant details to elaborate, as well as prominent concerns about long -term issues such as the Digital Services Tax in the United Kingdom and eating standards.

After the announcement, Trump told journalists that he was “very close” to sign more agreements.

“We have numerous offers,” Trump said.

Trump deployed the United Kingdom agreement shortly before the Treasury Secretary, Scott Bessent and United States commercial representative Jamieson Greer, was scheduled for Geneva, for weekend meetings with Chinese trade officials. The United States and China have exchanged punishment rates after Trump’s announcement at the beginning of the year, in a title for Tat threatening the global economy.

It is likely that this effort is much more complicated than Trump’s efforts to extract traditional allies and partners’ concessions, although Trump said on Thursday that he would be willing to reduce rates if the conversations went well.

“I think we will have a very good relationship,” he said.

This story originally presented to Fortune.com

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