Trump says commercial deals can come this week. Here is what to know with the continued negotiations.

President Trump says that the United States may be about to announce new trade agreements, as his administration faces pressure to conclude deals with economic partners in the country before a 90 days stopped On the definitions ends on July 9.

On Wednesday, Mr. Trump said in a social position that he will announce a “big trade deal” with a “very respectable country”. Thursday followed it early with another post on the social media platform that says, “It should be very big and An exciting day for the United States of America and the United Kingdom“And that the agreement will be full and comprehensive.”

Mr. Trump was scheduled to issue an official announcement at the White House later on Thursday morning.

Initiatives with the United Kingdom can be the first other commercial agreements, with Mr. Trump and his team in negotiating with foreign leaders from Canada, ItalyIndia and Japan and other commercial partners since its announcement “Tahrir Day” definitions On April 2.

to CompaniesAnd consumers and investors, progress on the commercial front cannot come soon suspicion About where the American economy is heading. A 10 % baseline tariff On most imported goods, it was valid since April 5, while the so -called Mutual definitions Against other countries – with An exception from China – Parked Until July.

China is so much that the country was struck by American definitions. Mr. Trump has imposed drawings Up to 145 % On Chinese imports, with the country’s launch with 125 % tariffs on American goods. The American trade war with the manufacturing giant has an impact on American companies and consumers. A wide range of institutions announced a rise in prices due to definitions, while experts warn of a potential epidemic Lack of display To come early in the summer.

Where does the negotiations stand?

While the Trump administration has launched some different timelines that will be announced, it has not specified any dates or countries.

“I will be surprised if we have no more than 80 % or 90 % of those who concluded at the end of the end of the year. It may be much closer,” Treasury Secretary Scott Payette told the legislators on Tuesday.

However, some experts believe that negotiations will take longer.

Han-Koo Yeo, an older colleague at the Peterson Institute for International Economy, believes that the countries negotiated by the Trump administration will bring them in their interest slowly in its commercial discussions. This is due to the long -term effects that these deals will get.

Negotiations may overlook from May to June, according to Ian Bremer, president of the Eurasia Group, although some countries may be excited to act quickly.

“It has been asked to all face negotiations to provide messages with” their best offers “,” Bremer said in an email to CBS Moneywatch.

Who is negotiating with the United States?

Pesin told the House of Representatives on Tuesday that the United States has 18 “important commercial relations” and is currently negotiating with 17 to reach deals. “We have approached many of our commercial partners from very good offers and we are re -negotiating them,” he said.

In recent weeks, the Trump administration has discussed trade and definitions with Canada, Italy, India, Japan and the United Kingdom.

It is unclear what deals will be announced first, but Cleiton Allen, who covers politics and politics in Washington for the Eurasia Group, said that he is looking for deals with Japan, South Korea, the United Kingdom and India – the countries that participated in trade negotiations with the United States longer.

Eurasia expects a deal with Japan to come in mid -June.

China is absent from negotiations now

What Bess’s explained to Congress on Tuesday is that the United States has not yet entered into active trade talks with China. President Trump said in April that he spoke with Chinese President Xi Jinping amid tariff tensions, however China denied Any talks took place between Beijing and Washington.

However, the Treasury Secretary is scheduled to meet with a high -level Chinese delegation this week during trade talks in Switzerland, the Trump administration Declare Tuesday.

A mail From the Chinese embassy on X confirmed the meeting. “Based on the full consideration of global expectations, the interests of China, the calls of the American business community and the consumers, #China decided to agree to communicate with the side #U”. “As Chinese leadership in Chinese economic and commercial affairs and the United States, Deputy Prime Minister He Lifeg will hold talks with US Treasury Secretary Scott Bessant during his visit to #switzerland from 9 to 12 May.”

How can commercial agreements look?

Although it is difficult to predict what any potential introductory deals might include, YEO, which helped organize many bilateral and length negotiations in the past, may be likely to be “gentlemen agreements.”

In other words, the United States can reach an agreement with a commercial partner only to decline later by issuing an additional tariff.

“The frame is good like a gentle piece of paper you write,” Allen said from Eurasia. He said: “Commercial deals are very complex animals, and they will likely get the Upper Airlines agreement on some of the main issues that interest in a promise to return and negotiate other things.”

“I expect to see a significant decrease in the tariff that is shipped, in addition to non -firearms, currency processing and investment in workers,” said Besent on Tuesday.

There may be more details about the tariffs soon. During an oval office meeting with Canadian Prime Minister Mark Carne TuesdayMr. Trump said his team will clarify specific tariff prices for each country – although he made it clear that this number can be adjusted in the future.

“It will be a very fair number, it will be a low number,” the president said. “We are not looking to harm countries, we want to help countries. We want to be friendly with countries.”