The Trump administration is urging trade partners to submit their best offers by Wednesday, aiming to wrap up negotiations ahead of a looming July 8 deadline tied to its suspended “Liberation Day” tariffs.
A draft letter from the U.S. Trade Representative, seen by Reuters, outlines requests for detailed proposals on tariff and quota levels for U.S. industrial and agricultural goods, as well as plans to eliminate non-tariff barriers.
Countries are also being asked to make commitments on digital trade, economic security, and other country-specific issues. The U.S. plans to quickly assess the responses and propose a “landing zone” that could include reciprocal tariff rates.
The urgency reflects the administration’s desire to close out complex, multi-country negotiations launched on April 9, when President Trump paused his sweeping tariffs for 90 days following turmoil in financial markets. Despite repeated White House claims that deals were close, only one has been outlined, just a limited framework with the UK.
The letter appears directed at nations with ongoing talks, including the EU, Japan, Vietnam, and India.
This article was written by Eamonn Sheridan at www.forexlive.com.