Fresh news on the trade front: The U.S. administration is pushing ahead with negotiations that could reshape its global trade ties. In a recent interview on Real America's Voice, Trump mentioned that a trade deal with India is very close, and there is a possibility for an agreement with the EU. 🚀
The discussions are part of a broader effort to secure better terms with trading partners and reduce the huge U.S. trade deficit. With an August 1 deadline looming—when duties on most U.S. imports are set to rise—the pressure is on to lock in these agreements.
Meanwhile, the EU trade chief, Maros Sefcovic, was en route to Washington for tariff talks, and an Indian trade delegation arrived recently to kick off fresh discussions. Trump even remarked on the changing dynamics with the EU, noting that they are now coming to the table with a new approach compared to previous deals.
However, when asked about the prospects for a deal with Canada, Trump said it was "too soon to say," echoing sentiments from Canadian officials. Additionally, Trump mentioned the possibility of imposing a blanket tariff of 10 or 15 percent on smaller countries if needed.
This series of talks could bring significant shifts in how trade is conducted, all while keeping the conversation lively and dynamic. Stay tuned for more updates as these high-stakes negotiations continue to unfold! 👍
Reference(s):
Trump says India trade agreement is close, Europe deal possible
cgtn.com
