According to Bloomberg, the Trump administration plans to initiate trade negotiations with about 20 countries, including Japan, South Korea, Vietnam, the United Kingdom, India, Argentina, and Switzerland, aiming to quickly reach a template agreement to pave the way for subsequent negotiations. Treasury Secretary Scott Bessent stated that U.S.-China negotiations will begin this weekend, with tariff reductions from 145% to 80% as an option. Commerce Secretary Howard Lutnick emphasized that some countries may be granted tariff exemptions to reach a framework agreement.