Hassett vows trade deals coming after GOP megabill passes
- President Donald Trump set a self-imposed deadline two weeks away to reach trade deals with major partners amid tariff threats.
- This deadline follows months of strained negotiations marked by unresolved issues such as auto tariffs and complaints about stalled talks.
- Key countries including South Korea, Thailand, Malaysia, India, Japan, and Vietnam are engaged in talks facing high tariff risks and complex demands.
- Anwar Ibrahim of Malaysia said U.S. tariffs pose a significant challenge, with 60% of Malaysia's semiconductor exports going to the U.S.
- The outcome suggests potential tariff escalations after July 9 for nations without agreements, while some negotiations aim to finalize deals before reprieve expiration.
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GOP lawmakers urge administration to ‘build on’ first-term trade wins
A group of more than 50 Republican lawmakers is urging the Trump administration to use ongoing trade negotiations spurred by “reciprocal” tariffs to address tariff and non-tariff barriers in key export markets even if certain elements will require “long-term negotiation.” In a June 24 letter to Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, Agriculture Secretary Brooke Rollins and U.S. Trade Representative Jamieson Greer, t…
Hassett vows trade deals coming after GOP megabill passes
White House National Economic Council Director Kevin Hassett said on Tuesday that the administration is waiting to announce trade deals until after President Trump’s megabill passes Congress, which the president is pressuring Republicans to do by the Fourth of July recess. Hassett said the administration is focused on trade talks this week when he was questioned about…
Pressure for Trump Trade Deals Ramps Up With Two Weeks to Go
(Bloomberg) -- Two weeks from President Donald Trump’s self-imposed deadline to reach deals with the US’s major trading partners, some of the most-watched talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line.
Pressure to Seal Trump Trade Deals Ramps Up
“Two weeks from President Donald Trump’s self-imposed deadline to reach deals with the US’s major trading partners, some of the most-watched talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line,” Bloomberg reports.
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