Trump announces 'massive' trade deal with Japan
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Commerce Secretary Howard Lutnick expressed confidence Sunday that the Trump administration will cut trade deals with key U.S. trading partners in the coming weeks — before steep tariffs kick in for dozens of countries.
U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.
Lutnick is “an amplifying influence” on Trump, another person close to the Commerce Secretary told me. He and the President both love the idea of using tariffs to erase America’s trade deficits and as a form of redress for what they view as decades of, as Trump puts it, getting “ripped off.”
With less than two weeks to go before country-specific tariffs could rise sharply, the Trump administration is drawing a lot of questions about what’s ahead.
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White House National Economic Council director Kevin Hassett said Sunday that "rough outlines of the deals are becoming clear" ahead of a key tariff deadline this week.
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The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs.
This week’s Fresh Take also looks at tariff-proof yaupon tea, an L.A. fire survivor’s insurance nightmare, a farmworker’s death in connection to an ICE raid and more.
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'I Really Don't Want Deals': Donald Trump Slips Up, Accidentally Admits He Just Wants To Force Tariffs On Other CountriesDuring a faith luncheon at the White House several days ago, Donald Trump slipped up and carelessly admitted he doesn't want any trade deals or negotiations and instead wants to unconditionally force tariffs on other countries.