US President Donald Trump hinted that his administration might finalize trade agreements with certain countries as early as this week, offering hope to trade partners seeking to avoid high US tariffs. Trump stated that discussions are ongoing and agreements could happen quickly, but emphasized that his administration holds the final say in setting terms .
Potential Trade Agreements:
1) India: US Vice President Vance suggested that an agreement with India might be among the first outcomes.
2) Japan and South Korea: Negotiations with these countries are also progressing.
3) Europe: Trade talks between the US and Europe are ongoing.
4) China: Trump mentioned ongoing communication with Chinese officials, hinting at a potential shift in his stance, with tariffs possibly decreasing substantially if a trade agreement is reached ¹ ².
Tariff Plans:
1) Trump plans to announce new tariff measures within the next two to three weeks.
2) He emphasized that countries with significant trade surpluses with the US will be addressed.
Economic Impact:-
1) Despite recent gains in the US stock market, economists predict trade conflicts could lead to an economic slowdown later this year.
2) Legendary investor Warren Buffett criticized protectionist policies, stating, "Trade should not be used as a weapon" .