financetom
Business
financetom
/
Business
/
US narrows trade focus to secure deals before Trump's tariff deadline, FT reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US narrows trade focus to secure deals before Trump's tariff deadline, FT reports
Jun 30, 2025 9:46 PM

(Reuters) -Top U.S. trade officials are now seeking narrower agreements with other countries to secure deals before President Donald Trump's July 9 tariff deadline, the Financial Times reported on Tuesday, citing people familiar with the talks.

Countries that agree on narrower deals would be spared the harsher reciprocal tariffs, but left with an existing 10% levy while talks on thornier issues continue, the FT said.

Trump's reciprocal tariffs are set to kick in on July 9, after a 90-day pause.

With only a limited deal with Britain completed so far, Trump has repeatedly threatened just to send a series of letters to trading partners identifying what their new tariff rate will be after the deadline. Treasury Secretary Scott Bessent has said the risk of tariffs going up next week is real.

The FT added that the Trump administration would seek "agreements in principle" on a small number of trade disputes ahead of the deadline, and that the administration was also still considering imposing additional tariffs on critical sectors.

Trump has said his July 9 trade deadline was not a fixed date, telling reporters last week at the White House that it could be sooner or later than that date, when wider U.S. tariffs are set to be re-imposed if deals are not reached.

The White House and the U.S. Commerce Department did not immediately respond to Reuters' requests for comment. Reuters could not immediately verify the FT report.

(Reporting by Anusha Shah in Bengaluru; Editing by Tom Hogue and Lincoln Feast.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oncolytics Up 1.5% in U.S. Pre-market as Funds Pelareorep's Ongoing Clinical Development
Oncolytics Up 1.5% in U.S. Pre-market as Funds Pelareorep's Ongoing Clinical Development
Apr 11, 2025
06:28 AM EDT, 04/11/2025 (MT Newswires) -- Oncolytics Biotech ( ONCY ) , a clinical-stage company specializing in immunotherapy for oncology, was at last look up 1.5% from near 52 week low levels in U.S. pre-market trading on Friday after it signed a share purchase agreement (SPA) with Alumni Capital LP (Alumni), an institutional investor. According to a statement released...
Market Chatter: Chevron Oil-Loading Authorizations Suspended by Venezuela's PDVSA
Market Chatter: Chevron Oil-Loading Authorizations Suspended by Venezuela's PDVSA
Apr 11, 2025
06:28 AM EDT, 04/11/2025 (MT Newswires) -- Chevron's ( CVX ) operations in Venezuela are facing disruptions after state oil company PDVSA canceled several authorizations it had granted to the US-based company to load and export Venezuelan crude, Reuters reported, citing three sources with knowledge of the decision. Two of the cargos cancelled by PDVSA involve tankers that had already...
Tesla Adds Lower-Priced Cybertruck Model in the US
Tesla Adds Lower-Priced Cybertruck Model in the US
Apr 11, 2025
06:28 AM EDT, 04/11/2025 (MT Newswires) -- Tesla (TSLA) rolled out Friday a new long-range version of its Cybertruck for US buyers. The vehicle is listed at $69,990, making it the least expensive of the three Cybertruck options currently offered in the country, according to the site. The total price does not include most of the most recognizable features such...
China's JD.com to spend $27 billion to help exporters go domestic amid trade war
China's JD.com to spend $27 billion to help exporters go domestic amid trade war
Apr 11, 2025
BEIJING, April 11 (Reuters) - China's e-commerce giant JD.com ( JD ) said on Friday it will launch a 200 billion yuan ($27.35 billion) fund to help the country's exporters sell their products domestically over the next year, as a U.S.-China trade war intensifies. Beijing increased its tariffs on U.S. imports on Friday to 125%, hitting back against U.S. President...
Copyright 2023-2025 - www.financetom.com All Rights Reserved