President Donald Trump lacks time to reduce trade agreements before the 90-day break on his so-called reciprocal rates returned to force.
Trump said on May 6 that he was in a hurry to sign an agreement. In previous weeks, the president said that commercial transactions could be announced soon, only for nothing to happen.
“Everyone says:” When, when, when are you going to sign offers? “We don’t have to sign offers. Howard Libenick. “We do not have to sign offers. They must sign offers with us. They want an element of our market. We do not want an element of their market, we do not care about their market.”
Wall Street continues to hang on to each word. There is even evidence that traders become more nervous when Trump’s more protectionist advisers are the news.
Here is what we know where discussions represent the main American partners.
China
The United States and China cannot agree on who has launched discussions, but it is progressive of significant progress that the two largest economies in the world speak.
The Treasury Secretary, Scott Bessent, said that an agreement with China was more complex, so the Trump administration considered it distinct from discussions with around 17 other nations.
Beijing publicly boasted of being able to endure an prolonged commercial struggle. Trump previously said that discussions had taken place, but Beijing denied this.
A breakthrough could happen. On May 6, Bessent said that the Representative of Commerce and the United States Jamieson Greer will go to Switzerland for face-to-face talks with He Lifeng, the highest economic official in China.
Beijing said the Swiss government had invited him. The talks will perform in the same city where the World Trade Organization has its registered office.
Trump has long complained about the admission of China in 2001 to the WTO.
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Canada
Trump met the newly elected Canadian Prime Minister Mark Carney on May 6 at the Oval Office.
Carney told journalists that Canadian officials and two leaders were following business discussions from the Oval office meeting “in the coming weeks”.
During a public part of their meeting, Trump and Carney both said that it was necessary to change the American-mexico-Canadian agreement, Trump’s rewriting to the first mandate of the North American free trade agreement.
In the meantime, the United States continues to impose a 25% rate on Canadian goods that are not in accordance with USMCA and a 10% price on Canada’s imported energy. Additional American prices on cars, steel and aluminum also apply to Canadian products.
Canada has retaliated by imposing a 25% rate on American products, including steel, aluminum and agricultural products.
India
Vice-president JD Vance said on May 1 that an American-Indian trade agreement “would be among the first agreements” by the administration.
“Very soon,” said Vance to the presenter of Fox News, Bret Baier.
Vance went to India for a four -day trip in April, spending a lot of time with Indian Prime Minister Narendra Modi.
Trump imposed a 27% tariff on Indian products as part of his “Liberation Day” announcement. His 90 -day break on these prices ends on July 9. As a big Venezuelan oil buyer, India could also face additional American rates.
Vietnam
Vietnam’s first commercial negotiator Nguyen Hong Dien on May 7 urged his country’s businesses to be “proactive” by doing more business with the United States.
Greer, according to a Bloomberg report, told Dien at a March meeting in Washington that Vietnam had to do more to reduce the American trade deficit. The American deficit was $ 123.5 billion in 2024, an increase of 18% compared to the previous year.
Trump imposed a price of 46% in Vietnam as part of his “Liberation Day” announcement – he is also subject to the 90 -day break.
European Union
European Commerce Commissioner Maros Sefcovic said on May 6 that the European Union would publish more details on potential countermeasures should speak with Trump Fail.
“Negotiations are clear first but not at all costs,” Sefcovic told journalists by NBC News.
In April, Italian Prime Minister Giorgia Meloni became the first European leader to visit Washington after Trump shot the world markets with his “Liberation Day” prices. At the time, she and Trump spoke positively about a potential agreement.
Japan
Trump said on April 30 that he had “potential agreements” with Japan, India and South Korea.
Ryosei Akazawa, the chief negotiator of Japan, told journalists a few days later that he and his American counterparts had “concrete discussions”.
“There are still many problems that must be resolved and resolved before a final agreement can be concluded,” said Akazawa.
Trump imposed a price of 24% on Japanese products before announcing his 90 -day break.
South Korea
South Korea has sent representatives to the United States from the start, but it is unlikely to be one of the first countries to conclude an agreement.
Indeed, South Korea organizes elections in Snap on June 3. A senior government officials previously declared to Reuters that no agreement would have been before the elections.
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