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White House Purportedly Pleased with Countries Wrestling to Negotiate Trade with U.S., Hopes to Secure First Deal in Next Couple of Weeks
The U.S. recently announced a 90-day suspension of reciprocal tariffs on multiple countries or regions, yet the U.S.-China trade conflict continues to escalate with no signs of aba...
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White House Purportedly Pleased with Countries Wrestling to Negotiate Trade with U.S., Hopes to Secure First Deal in Next Couple of Weeks
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The U.S. recently announced a 90-day suspension of reciprocal tariffs on multiple countries or regions, yet the U.S.-China trade conflict continues to escalate with no signs of abating.

According to The Washington Post, U.S. President Donald Trump and his trade advisors met on Thursday (10th), with a senior White House official expressing satisfaction that many countries have proposed lowering trade barriers and investing in the U.S. to avert tariffs.

Related NewsLoan Prime Rate 1Y for 2025 in China is 3.1%, unchanged from its last period. The forecast was 3.1%.
Regarding the White House’s confirmation that tariffs on Chinese imports have risen to 145%, rather than the 125% Trump previously mentioned, officials declined to elaborate on future plans, though one acknowledged the matter is “sensitive”.

A White House official stated that Trump views China as his top trade priority, though he is also expected to engage in trade negotiations with other nations.

Investors are grappling with the reality that even a baseline 10% tariff on most imports represents the highest level in decades. However, during a virtual cabinet meeting, Treasury Secretary Scott Bessent claimed that Trump’s “disruptive” global trade measures would soon benefit U.S. taxpayers.

Related NewsGDP Growth Rate QoQ for Q1 in China is 1.2%, lower than the previous value of 1.6%. The forecast was 1.4%.
Trump noted that his trade team is knocking on his door, needing to urgently negotiate with 75 countries, adding that the biggest challenge is the lack of sufficient time in a single day. He said every country wants to reach a deal.

The report quoted a senior White House official saying the Trump administration expects to secure its first trade agreement within the next couple of weeks, adding that officials do not believe it will take as long as a month.

Another White House official remarked that Trump’s advisory team is fielding an overwhelming number of calls from other countries daily, with senior officials anticipating more nations or regions will seek negotiations with the U.S. in the coming days.

Related NewsIndustrial Production YoY for March in China is 7.7%, higher than the previous value of 5.9%. The forecast was 5.6%.

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