
US President Donald Trump holds a campaign rally in Indiana, Pennsylvania, US, September 23, 2024. — Reuters
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WASHINGTON: The Trump administration wants countries to provide their best offer about trade talks by Wednesday as officials try to accelerate dialogue with several partners before the deadline in just five weeks, according to Reuters’ negotiations.
The draft from the office of the United States Trade Representative provides a window that President Donald Trump planned closely with dozens of countries on April 9, when he stopped his “Liberation Day” revenue for 90 days until July 8, until he was stopped.
The document immediately proposes to complete deals against its harsh deadline within the administration. Although officials like the White House economic adviser Kevin Haset have repeatedly promised that several agreements are nearing completion, only one deal has only been signed with a major US trade partner: Britain. Even this limited contract was equivalent to the ongoing negotiation framework against the final agreement.
According to the draft document, the United States is asking the countries to make a list of its best suggestions in a number of important sectors, including tariffs and quota offerings for the purchase of US industrial and agricultural products and remove any turning barriers.
According to the letter, other requested items include any promises about digital trade and economic security, and according to the letter, with the promises related to the country. According to the letter, the United States will review these reactions within a few days and offer a “potential landing zone” that may include mutual rates.
It was unclear what specific countries this letter would be sent, but it was instructed on the people where the talks were active and they included meetings and documents. Active talks with the European Union, Japan, Vietnam and India are underway.
Trade talks are underway, a USTR official said. “Production talks with many important trading partners continue rapidly. It is in the interest of all parties to review development and review any next steps.”
‘Regardless of the ongoing legalization’
Trump’s Empire – and often fanatic -tariff policy represents a large part of his “US First” economic agenda because he wants to renounce US trade relations, reduce trade deficit and protect US industries. Republican legislators are also banking on taxes to increase federal income and meet the cost of tax deduction legislation, which is now working through Congress.
The turning point and twist in Trump’s prices policies has taken investors on a rolleroster ride. In May, the US stock had held the largest rally of any month since November 2023, but then it was after the end of the Global Index under the barrage of Trump’s tariff announcements in February, March and early April.
At a program in Pittsburg on Friday, Trump on Monday afternoon announced a surprise to Trump on Steel and Aluminum imports on Monday afternoon. Meanwhile, the legal status of the approach used to clean its prices is suspicious.
On Wednesday, the International Trade Court ruled that Trump had crossed its authority through a tariff devised tariff under the International Emergency Powers Act, in which Canada, Mexico and China, were charged with Trump’s allegations of “Liberation Day”. It is expected that revenue will still be in force at the center of legal dispute, while the matter ends.
In a draft letter to trade partners, they are warned that if a court is ordered against Trump’s use of IEPA, do not believe that the revenue will be removed. “I should also note that, regardless of the ongoing legal action on the president’s mutual rate proceedings in the US courts, the president intends to continue this tariff program according to other strong legal officials if necessary, so it is important that we continue our debate on these issues.”