As Trump tariff deadline approaches, countries demand best deals – Countries
According to Reuters' negotiation partners, officials sought to negotiate with multiple partners in just five weeks, so the Trump administration hopes countries will provide the best trade negotiation proposals by Wednesday.
The draft, in the Office of the U.S. Trade Representative, provides a tight and clumsy negotiation for President Donald Trump plans to negotiate with dozens of countries that launched on April 9, when he suspended 90-day “liberation day” tariffs until July 8, until stocks and money markets, bonds and money markets bonds on the huge nature of bait.
The document shows that the urgency within the government is to complete its own urgent deadline transaction. While officials such as White House economic adviser Kevin Hassett have repeatedly assured several agreements that will be completed, so far, only one agreement has been reached with the main U.S. trading partner: the UK. Even a limited agreement is more similar to the framework of ongoing negotiations than the last deal.
In the draft, the United States requires countries to list their best recommendations in many key areas, including the cost and quota discounts for purchasing U.S. industrial and agricultural products, and plans to correct any non-TV barriers.
Other required projects include any commitments regarding digital trade and economic security as well as commitments from specific countries, the letter said.
The letter said the U.S. will assess the response within a few days and provide “possible landing zones” that may include mutual tariff rates.
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It is not clear which country will receive the letter, but it is targeted at those with active negotiations, including meetings and exchanging documents. Washington has been conducting such negotiations with the EU, Japan, Vietnam and India, among others.
USTR officials said trade talks are underway. “Production negotiations with many key trading partners continue at a rapid pace. All parties are interested in making progress and evaluating any next steps.”
White House press secretary Karoline Leavitt confirmed the letter on Tuesday that it was true and said the government is expected to get some good trade deals.
“This letter is just to remind these countries that are coming and the president expects a good deal,” she told reporters in a briefing.
“The President is very direct with our trading partners in a conversation with their direct foreign leaders and they need to make a deal with the United States of America.”
USTR says
Tiffany Smith, vice president of global trade policy at the National Foreign Trade Commission, welcomed the USTR migration.
She told Reuters that he added: “We encourage USTR to negotiate ahead of schedule as soon as possible.” He added that the trade agreement eliminates barriers to U.S. companies abroad and lowers U.S. tariffs would be “winners if they complete in a way that will restore predictability and stability to trade relations.”
Trump's ambitious (and often crazy) tariff policy is the backbone of his “America First” economic agenda as he tries to reshape U.S. trade relations, reduce trade deficits and protect U.S. industries. Republican lawmakers are also complying with tariffs to increase federal revenue and offset the cost of tax cut legislation now issued by Congress.
Trump's tariff policy has allowed investors to ride a roller coaster. In May, U.S. stocks held their biggest rally since November 2023, but this comes after the Global Index fell into trouble within the scope of Trump’s tariff announcements in February, March and early April.
Stocks have barely changed after Trump announced his surprise at the tariffs on steel and aluminum imports at an event in Pittsburgh on Friday.
Meanwhile, the legality of the method of imposing the largest tariffs has been questioned.
Last Wednesday, the International Trade Court ruled that Trump had surpassed tariffs under the International Emergency Economic Powers Act, including “Liberation Day” taxes, and early allegations of imposing goods on Trump on Canada, Mexico and China, which promoted the flow of fentanyl into the United States.
Less than 24 hours later, the Court of Appeal temporarily suspended the decision. The legal dispute center tariffs are expected to be effective as the case impacts.
The draft letter to trading partners warns them not to believe that tariffs will be phased out if the court opposes Trump's use of the IEPEA regulations.
“Whether in the U.S. courts involve the president's lawsuit against reciprocal tariff lawsuits, the president intends to continue this tariff program under other powerful legal authorities when necessary, so it is important that we must continue to discuss these issues,” the draft said.
