Trump wants nations’ best offer by Wednesday in tariff talks
Reports: Trump
administration wants nations’ best offer by Wednesday in tariff talks - draft
of request.
The Trump administration wants nations to give
their best offer on trade discussions by Wednesday as officials look to speed
up talks with multiple partners ahead of a self-imposed deadline in just five
weeks, according to a draft letter to negotiating partners. The US is asking
nations to list their best proposals in a number of key areas, including tariff
and quota offers for the purchase of US industrial and agricultural goods and
plans to rectify any non-tariff barriers.
The Trump administration has set a Wednesday
deadline for countries to submit their best trade proposals, as outlined in a
draft letter from the U.S. Trade Representative’s office. This push aims to
accelerate negotiations with multiple trading partners before a self-imposed
July 8, 2025, deadline, following a 90-day tariff pause initiated on April 9,
2025. The U.S. is requesting detailed offers on tariff reductions, quotas for
American industrial and agricultural goods, and measures to address non-tariff
barriers, with evaluations to follow swiftly to propose reciprocal tariff
rates. This urgency comes amid stalled talks, with only a preliminary U.K. deal
secured, while tensions persist with China, as confirmed by Treasury Secretary
Scott Bessent and National Economic Council Director Kevin Hassett in weekend
interviews.
Impact: Dow got some boost on hopes of Trump trade deal progress