The Trump administration is reportedly working to deliver on a final trade deal deadline set for Wednesday. A draft letter to various U.S. trading partners sets the deadline so close, Reuters reports, to try and push for faster trade talks as the U.S. scrambles to unveil a major trade deal the administration says is imminent.
Trump's team is pushing for a deal to avoid its own tariffs
Time is running out for the Trump team to secure, finalize and announce trade deals with other countries that support Donald Trump's "America First" campaign pledge. The White House has temporarily suspended Trump's "Liberation Day" package of tit-for-tat tariffs for 90 days, which are set to go into full effect in just a few weeks on July 8.
So far, the only country close to a trade deal with the U.S. is the U.K., which itself is light on specifics about what an actual trade deal would be and is mostly an agreement to continue negotiations in a way that would please President Trump.
The Trump administration is no doubt rushing to secure some form of trade concessions that it can announce from major trading partners: Trump's tariffs are currently in litigation, having been granted a temporary stay as a US federal appeals court considers the validity of a lawsuit filed against Trump over his tariffs. If the trade court's initial finding that Trump is unconstitutionally abusing the IEEPA legal framework to impose trade tariffs is upheld, it could end Trump's ability to impose tariffs that have the effect of shaking global markets. (alg)
Source: FXstreet
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) ...
Many people in China cheered the meeting Thursday between President Xi Jinping and U.S. President Donald Trump, after months of escalating bilateral tensions. Every time the two leaders meet, it help...
The European Central Bank (ECB) announced on Thursday (October 30th) that it kept its key interest rates unchanged after its October policy meeting, as expected. This decision leaves the main refinanc...
Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing Managers' Index (PMI) improving to 54.8 in the flash est...
The annual inflation rate in the US rose to 3% in September 2025, the highest since January, from 2.9% in August and below forecasts of 3.1%. The energy index increased 2.8% and the food index increas...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September. This...
The S&P 500 rose on Monday, led by tech, as a new month of trading began. The benchmark gained 0.5%, while the Nasdaq Composite advanced 1%. The Dow Jones Industrial Average climbed 18 points. Micron Technology gained 5% to lead chipmaker...
Gold prices held near $4,000 an ounce after a weak start on Monday, as China ended long-standing tax breaks for some retailers. This change could weigh on demand in one of the world's largest precious metals markets. Gold bullion prices for...
Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...