The Trump administration wants countries to offer their best offer on commercial negotiations by Wednesday while managers are looking to accelerate talks with several partners before a self-imposed deadline in just five weeks, according to a letter to the negotiation partners considered by Reuters.
The project, from the office of the US trade representative, provides a window on how President Donald Trump plans to put close crank negotiations with dozens of countries that started on April 9, when he made a price break from the “Liberation Day” for 90 days until July 8 after the stock markets, bonds and currencies have turned to the swept nature.
The document suggests an emergency within the administration to conclude agreements against its own tight deadline. While managers such as the White House economic advisor, Kevin Hassett, have repeatedly promised that several agreements were being completed, so far, only one agreement has been concluded with a large American trading partner: Great Britain. Even this limited pact is more like a framework for current talks than a final agreement.
According to the document project, the United States is asking countries to list its best proposals in a certain number of key areas, including tariff and quotas for the purchase of American industrial and agricultural products and plans to remedy any obstacle not at the rate.
The other elements requested include commitments to digital trade and economic security, as well as specific commitments to the country, according to the letter.
The United States will assess the responses in a few days and offer “a possible landing zone” which could include a reciprocal rate rate, depending on the letter.
We do not know which specific countries the letter would be sent, but it was addressed to those where negotiations were active and included meetings and exchanges of documents. Active negotiations have been underway with the European Union, Japan, Vietnam and India, among others.
An USTR official said commercial negotiations were underway. “Productive negotiations with many key business partners are continuing at a rapid rate. It is in the interest of all parties to make the point of progress and to assess the next steps. ”