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Lutnick: US ‘going to love the deals that President Trump and I are doing’

UNITED STATES, JUL 21 – President Trump plans to announce several executive mini trade deals to address the US trade deficit without requiring Congressional fast-track authority, affecting tariffs set for August 1.

  • In New York, Trump stated that a couple of Trade Executive Agreements, not full trade deals, will be announced soon, involving major trading partners.
  • Amid ongoing negotiations, the deals are Trade Executive Agreements negotiated solely by the US Executive without fast-track Congressional authority, designed to address the US trade deficit.
  • With an unaltered August 1 cutoff, tariffs will kick in as planned, President Trump said on July 8.
  • With an impending Aug. 1 deadline, Howard Lutnick warned that partners have been forced to open their markets or pay tariffs, while European officials threatened retaliation if no deal emerges, and the threats are attributed separately.
  • Ahead of a September state visit, Trump’s trip to Scotland between July 25 and 29 positions future Bilateral Trade Agreements to expand market access.
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CTV News broke the news in Canada on Friday, July 18, 2025.
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