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White House ‘close to the finish line’ on some trade deals, says Treasury official

  • The White House remains close to finalizing several trade deals as the 90-day tariff pause approaches its July 9 expiration in 2025.
  • This progress follows the Trump administration's April 9 announcement of a 90 deals in 90 days goal and a reciprocal tariff pause as part of ongoing U.S.-China trade negotiations.
  • Deputy Treasury Secretary Michael Faulkender emphasized that negotiations have been complicated but show good progress, with deals already announced with Britain and more expected soon.
  • Faulkender expressed hope that an agreement, at minimum covering key terms, would be finalized before the tariff pause ends, and he anticipates many additional deals will be announced ahead of July 9.
  • The administration aims to bring resolution to both markets and the American public swiftly, contingent on trade partners demonstrating goodwill and progress.
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The US Treasury Secretary's deputy Michael Faulkender stated on Monday that the Trump administration is making "very good progress" in trade negotiations and that it is "probably close to the line of business" in the case of several agreements, the CNBC reports.

·Bucharest, Romania
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NBC San Diego broke the news in San Diego, United States on Monday, June 2, 2025.
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