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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, US President Donald Trump said he would announce a couple of `big trade deals` soon, emphasizing the involvement of 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.
  • With an impending Aug. 1 deadline, Howard Lutnick said European officials warned that countries must open markets or face tariffs, threatening retaliation if no deal emerges.
  • Between July 25 and 29, President Trump is expected in Scotland, positioning 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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