Trump says trade agreements could arrive this week. Here

President Trump says that the United States may be close to announcing new trade agreements, since his administration faces pressure to reach the agreements of the country’s economic partners before a 90 -day pause In rates they end on July 9.

On Wednesday, Trump said in a real social position that he would announce an “important commercial agreement” with a “large and very respected country.” He followed that early Thursday with another publication on the social media platform saying that “it should be a very big and exciting day for the United States of America and the United Kingdom” and that the agreement would be complete and integral. ”

Mr. Trump was scheduled to make a formal ad In the White House later on Thursday morning. S& P The futures increased 1% in the negotiation on Thursday morning, since investors expected news about the agreement between the United States and the United Kingdom.

Oberturas with the United Kingdom could be the first of other commercial agreements, with Trump and his team in negotiation with foreign leaders from Canada, ItalyIndia, Japan and other commercial partners since they announced their “Liberation Day” rates April 2.

For companiesconsumers and investors, progress in the commercial front cannot arrive sufficiently in the middle uncertainty on where the US economy is directed. A 10% reference rate on most imported goods has been in force since April 5, while the call reciprocal tariffs against other countries, with the Exception of China – They are in pause Until July.

China is, with much, the hardest country for US tariffs. Mr. Trump has imposed taxes of As high as 145% On Chinese imports, with the country shooting with 125% of tariffs on US goods. The United States trade war with the manufacturing giant is already having an impact on US companies and consumers. A wide range of companies has announced price increases due to tariffs, while experts warn about possible pandemic Supplier scarcity arrive as soon as summer.

Where are the negotiations?

While the Trump administration has presented some different deadlines to announce agreements, it has not specified any date or country.

“I would be surprised if we do not have more than 80% or 90% of them wrapped for the end of the year. And that can be much earlier,” Tuesday, Treasury, Scott Besent, said to legislators, referring to countries with which the United States has commercial deficits.

Some experts, however, believe that negotiations will take longer.

Han-Koo Yeo, the main member of the Peterson Institute of International Economics believes that the countries with which the Trump administration is negotiating will be of interest to move slowly in their commercial discussions. That is due to the long -term implications that these agreements will have, said former South Korea Commerce Minister News Moneywatch.

It is likely that negotiations will pass May to June, according to Ian Bremmer, president of the Eurasia group, although some countries could be motivated to act quickly.

“All those who face negotiations have been told to send letters with their ‘best offers,” Bremmer said in an email to News Moneywatch “and the smallest countries that wish/need offers desperately are complying.”

Who is the United States negotiating?

Besent told the Chamber Committee on Tuesday that the United States has 18 “important commercial relations” and is currently negotiating with 17 to reach agreements. “Many of our business partners have approached us with very good offers and we are in the process of renegotiating them,” he said.

The Trump administration in recent weeks has discussed trade and tariffs with Canada, Italy, India, Japan and the United Kingdom.

It is not clear what agreements will be announced first, but Clayton Allen, who covers politics and politics in Washington for the Eurasia group, is said to seek agreements with Japan, South Korea, the United Kingdom and India, countries that have participated in commercial negotiations with the longest United States.

Eurasia predicts that an agreement with Japan could reach mid -June.

China absent from negotiations for now

What Besent made clear to Congress on Tuesday is that the United States has not yet participated in active commercial conversations with China. President Trump said in April that he had spoken with Chinese President Xi Jinping in the midst of tariff tensions, but China denied Any conversation between Beijing and Washington had taken place.

However, the Secretary of the Treasury will meet with a high -level Chinese delegation this weekend while conducting commercial conversations in Switzerland, Trump administration announced on Tuesday.

A publication of the Chinese embassy in X confirmed the meeting. “Based on the full consideration of global expectations, the interests of China and the appeals of the business community and consumers of the United States, #china has decided to accept interacting with the #US side,” reads publications. “As China’s leader in the economic and commercial affairs of China-United States, Vice President He Lifeng will hold conversations with the United States Secretary of the United States, Scott Besent, during his visit to #Switzerland from May 9 to 12”.

A embassy spokesman said in a statement on Wednesday that the United States communicated with China “through several channels” and that conversations are held “at the request of the United States side.” The spokesman added that China “firmly opposes[s]The abuse of American tariffs. “

At a press conference on Thursday, the spokesman for the Ministry of Commerce, He Yadong, reiterated this position, saying that the United States “needs to show sincerity to speak and be prepared to rectify his bad unilateral rates,” according to Bloomberg.

How could trade agreements be?

While it is difficult to predict what could include any possible tariff agreement, Yeo, which has helped orchestrate several bilateral and mulitlalateral commercial negotiations in the past, said such agreements would probably not be “gentlemen agreements” or comprehension memorandes.

In other words, the United States could reach an agreement with a commercial partner only to breach later through the issuance of additional rates.

“The framework agreement is as good as the beautiful role in which you write it,” said Allen de Eurasia. “Commercial agreements are very, very complex animals, and will probably obtain a higher line agreement on some key issues of concern with the promise to return and negotiate other things,” he said.

Asked by the representative of Ohio Dave Joyce about the format of the agreements, Besent said Tuesday: “I hope we can see a substantial reduction in the rates of charging us, as well as the non -disturbing barriers, the manipulation of foreign exchange and the subsidies of labor and capital investment.”

Soon more details could arrive on the rates. During an oval office meeting with Canadian Prime Minister Mark Carney TuesdayTrump said his team would explain specific tariff rates for each country, although he clarified that this number could be adjusted in the future.

“It will be a very fair number, it will be a low number,” said the president. “We are not looking to hurt countries, we want to help countries. We want to be friendly to countries.”

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